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AMP SANMAR - Raksha Shree
Plan Highlights
| Key Feature |
A pure term assurance plan which provides maximum cover against the risk of death at a very low premium. |
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| Best Suited For |
People who wish to provide huge insurance protection for their family or business, for a limited period, at a very low cost. |
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| Features |
1) If premiums are not paid, the policy will lapse immediately and all benefits will cease, since no grace period is available beyond 30 days.
2) Accident Benefit can be availed by paying marginal additional premium. This benefit pays for an additional amount in the event of death due to an accident. However this is not available beyond the age of 64 years.
3) Loans cannot be availed of on this policy.
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Benifits
| Maturity Benefits |
No benefit is payable during the life time of the insured.
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| Survival Benefits |
Not Applicable |
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Death Benefits
(Natural) |
Full sum assured will be paid to nominee immediately. |
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Death Benefits
(Accidentals) |
As per the rider, additional sum assured in case of death due to an accident. Maximum cover is restricted to Rs 50 lakhs. However, this benefit is not available beyond the age of 64 years.
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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 |
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| Period of Life Insurance |
As long as premium paying term |
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