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AMP SANMAR - Raksha Shree Plus
Plan Highlights
| Key Feature |
A term insurance plan which offers a high level of life insurance cover for relatively low premiums, while ensuring return of premiums paid on survival to maturity.
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| Best Suited For |
People who find a major part of their income pre-empted as they can now purchase large cover at affordable premiums. |
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| Features |
1) Returns all basic cover premiums at the end of the policy term.
2) Acquires a surrender value if premiums have been paid for at least three years and three years have elapsed.
3) No loan value.
4) Two additional benefits at a nominal cost namely - Accident Benefit and Critical Illness Benefit riders. Available for regular premium paying modes only.
5) Maximum sum assured for Accidental Death Benefit rider is Rs 50,00,000 and for Critical Illness Benefit Rider, it is Rs 10,00,000. |
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Benifits
| Maturity Benefits |
All basic cover premiums paid are returned on maturity. This does not include rider premiums and any extra premiums.
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| Survival Benefits |
Not Applicable |
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Death Benefits
(Natural) |
Full sum assured payable immediately on death. |
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Death Benefits
(Accidentals) |
As per the rider, additional sum assured in case of death due to an accident at a nominal additional cost. However, this benefit ceases on policy anniversary immediately following age 64
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| Other Benefits |
Not Applicable |
Policy Features
| Type |
Term Policy |
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| House Loan |
No |
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| General Loan |
No |
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| Premium Paying options |
Yearly, Half-Yearly, Quarterly, Monthly, Salary Saving Scheme |
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| Period of Life Insurance |
As long as premium paying term |
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