SIIP
- SIIP (Systematic Investment Insurance Plan) is an exclusive market-linked plan that combines protection and investments.
- It is the ideal plan to achieve your financial goals.
- This plan provides the option to invest your premium in the debt or equity market, according to your chosen proportion.
- The plan offers a risk cover equal to 10 times the annualized premium.
- It includes Guaranteed Additions at regular intervals to enhance the policy value.
- Additionally, it offers an accidental cover of up to 1 crore.
- The plan provides four different investment options to suit your preferences.
- It offers the flexibility of partial withdrawal in case of any financial crisis.
- Policyholders also have the option to choose the death benefit in installments.
Eligibility Criteria | ||
Minimum | Maximum | |
Age | 90 Days (Completed) | 65 Years (Last Birthday) |
Policy Term | 10 Years | 25 Years |
Premium Payment Term | Same as Policy Term | |
Basic Sum Assured | 10 Times of Annualized Premium (Age up to 55 Years) | |
Maximum Maturity Age | 18 Years (Completed) | 85 Years (Nearer Birthday) |
Premium Amount | Rs.40,000 | No Limit |