Pay for 15 years, get assured fixed income for 100 years!
What is Century Plan?
Century plan is a kind of savings scheme that combines investment & life protection. It allows you to save for the future while simultaneously offering you a protective life cover. In exchange for premium paid on a regular basis, this endowment scheme offers a guaranteed sum assured in case of the policyholder’s demise. But if the insured survives till maturity then the entire benefit is paid back to the policyholder. Additionally, our endowment plan also allows you to add on a rider for financial support in case of an accident or diagnosis of a critical illness. You should buy an endowment plan if you want to receive a lump sum monetary benefit around the time you retire.
• Lifelong Income:
Survival Benefit Payout: Enjoy a steady stream of income starting from the first year and extending until you reach 100 years of age.
• Flexibility:
Income Payout on Your Terms: Choose the date that suits you best to receive your income payout, providing you with flexibility and control over your financial planning.
• Lumpsum Benefit at Maturity:
- Return of Premiums: Receive a lump sum at maturity, including a return of premiums.
- Terminal Bonus: Benefit from additional returns with Terminal Bonus (if declared), enhancing your overall maturity benefits.
• Limited Premium Payment Term:
- Tailored Premium Payment Options: Select from various premium payment term options, including 5, 10, 12, or 15 years.
- Lifetime Coverage: Enjoy coverage for your entire life with our limited premium payment term options.
• Flexibility Option:
- Maturity Options: Choose between maturity options up to age 100 or up to age 80, aligning with your long-term financial goals.
• Protection for Your Family:
- Life Cover: Ensure your family's financial security with life cover throughout the policy term.
- Family Care Option: Safeguard your family's future with no future premiums payable after your demise, offering them continued protection.
- Additional Cover: Enhance your protection with optional riders for accidental death and serious illness at a nominal cost.
• Tax Benefits:
- Premiums Paid: Avail tax benefits on premiums paid under section 80C.
- Tax-Free Returns: Enjoy fully tax-free returns under section 10(10D) or as per prevailing tax laws.
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