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142N076V01 - Individual Non-Linked Deferred Participating Savings Life Insurance Plan
SUD Life Akshay is Individual Non-Linked Deferred Participating Savings Life Insurance Plan that gives you regular income and long-term insurance protection. This plan ensures that you keep receiving periodic survival benefits along with bonuses, if declared and in case of any unfortunate event, ensure financial security for your loved ones. Bonuses includes cash bonus, compound reversionary bonus and terminal bonus, which will help you to accumulate a corpus for the years to come
- Guaranteed cashback – Enjoy guaranteed yearly cashback from 16th policy year
- Cash benefit – Receive yearly cash bonus* from the 16th policy year
- Extended Life Cover – Enjoy coverage upto 95 years of age
- Maturity Benefit – Receive bonus# and assured lump sum amount on maturity
- Avail tax benefits**
*cash bonus will be paid from 16th policy year on the basis of performance of participating fund.# Bonus on maturity refers to compounded reversionary bonus which will accrue from 6th policy year and will be paid on maturity
** Tax benefits are as per prevailing tax laws and subject to change from time to time
- Min Entry Age 25 years (age last birthday)
- Max Entry Age 50 years (age last birthday)
- Min : 5 Lakh
- Max : 100 Crores
Disclaimer Bank of India is a registered Corporate Agent (IRDAI registration no. CA0035) for Star Union Dai-ichi Life Insurance Company (SUD Life) and does not underwrite the risk or act as an insurer. Participation by the Bank’s customer in the Insurance products is purely on a voluntary basis. The contract of Insurance is between SUD Life and the Insured and not between Bank of India and the Insured. This policy is underwritten by SUD Life Insurance Company. For more details on risk factors, associated terms and conditions and exclusions please read sales brochure carefully before concluding a sale.
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