Personal Insurance

Personal Insurance Plans are those meant for the individual who wants to protect his or her current as well as future financial needs such as securing one’s family’s income, securing one’s debts such as home loans, etc against the risk of premature death. These plans also serve as excellent savings plans that fetch attractive returns on maturity.

Personal life insurance plans can be classified depending on the ages for which they are available, as
 

Plans Age At Entry Age at Maturity Policy Term Restrictions*
Aspire Children's Educational Plan
(Table 601,602,603)
‘0’ (just born) to 10 years (age last birthday) 20th Year of the Child 20 years or less depending upon the age of the child at entry.
Target Classic Plan
(Table 614)
12 to 65 years Not to exceed 75  Generally accepted from 5 to 50 years term
Target Limited Payment
& Single Premium Plans (Table 648)
12 to 65 years Not to exceed 75 Generally accepted from 5 to 50 years term
Wealth Builder Classic
(Table 612)
18 to 50 years On life assured attaining 80 Years or later subject to…  …completion of 40 Years duration from the date of commencement
Wealth Builder Limited Payment & Single Premium Plans
(Table 613)
18 to 50 years On life assured attaining 80 Years or later subject to…  Premium Ceases at Age 70
Money Tree Plans
(Tables 674, 675, 693)
12 to 60 Not to exceed 75  Terms 15, 20 and 25 years respectively.
New Bula Gold
(Table 640 )
12 to 57 Not to exceed 75 Terms 12,16,20
Double Gold Plan
(Plan 645)
18 to 65 years

Policy Maturity at age 80.

 Premium Paying term from 5 to 57 years

 

 

* Further restrictions apply to policy terms (durations) where riders are chosen.
The acceptance of insurance is subject to underwriting decision.

 

 

 

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