BIMA
PLUS
'BIMA
PLUS'
provides life insurance cover, along with the prospect of
high growth. Uder this scheme, a portion of the premiumis
invested in equity and debt instruments in the capital market
where scope for high growth exists. The extent of the money
invested in these instruments depends upon the type of Fund
you choose under the scheme. Bima Plus gives you the option
of three Funds-Secured Fund, Balanced Fund and Risk Fund.
Within the term of the policy you can also switch from one
fund to another. In this way the scheme provides a choice
between the possibility of high returns and relative security,
along with the indispensable life insurance cover. It provides
investment facility besides getting tax benefits. It offers
unmatched package of benefits. They are (1) Life Insurance
Cover (2) Accident Benefit Cover (3) Maturity Bonus (4)
Returns (5) Tax rebate @20%
Salient
Features
Benefits
- Death
Benefit:
- During
first six months, 30% of the sum assured along with
bid value of the fund units.
- During
2nd six months of the first year of policy (if policy
is in force) 60% of the Sum Assured with bid value of
fund units.
- On
death after 1st year (if policy is in force) : Sum Assured
along with bid value of fund units.
- On
death during 10th year, provided all the premium under
the policy have been paid bonus at 5% of Sum Assured
along with Sum Assured and bid value of the fund units.
- An
additional amount equal to the Sum Assured is payable
if death is due to accident occurring any time during
the policy period of 10 years.
- Maturity
Benefit: Bid
value of the Fund Units along with maturity bonus at 5%
of sum assured.
|
|
