Savings Insurance
Grow your wealth with guaranteed returns
Savings insurance plans combine life protection with wealth accumulation, offering guaranteed returns and bonuses for your financial goals.
Guaranteed maturity benefits
Life cover throughout policy term
Regular bonus additions
Tax benefits on premiums and maturity
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Key Benefits
Guaranteed Returns
Assured maturity amount regardless of market conditions
Life Protection
Family receives sum assured in case of death
Tax Savings
Benefits under Section 80C and 10(10D)
Wealth Creation
Build corpus for future financial goals
What's Covered
- Death benefit to nominee
- Maturity benefit to policyholder
- Bonus accumulation
- Surrender value after lock-in
- Loan against policy
What's Not Covered
- Suicide within first year
- Death due to undisclosed conditions
- Fraudulent claims
- Policy lapse due to non-payment
Eligibility Criteria
Minimum Age18 years
Maximum Age55 years
Renewal AgeMaturity up to 70 years
Waiting Period
No waiting period
Required Documents
- 1Proposal form
- 2Age proof
- 3Identity proof
- 4Address proof
- 5Income proof
- 6Photographs
Claim Process
Simple steps to understand the claim filing process
1
Maturity/Death Intimation
Inform insurer about maturity or death claim
2
Submit Documents
Provide required documents for claim
3
Verification
Insurer verifies claim eligibility
4
Payout
Maturity or death benefit disbursed
Frequently Asked Questions
Get answers to common questions about savings insurance
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