As we know there are several insurance products that are being designed on the basis of new and unique concept of insurance. Ing vysya life insurance has come up with unique insurance products that are embedded with exclusive features and offers several benefits to the policyholders. Another life insurance plan namely known as safal jeevan money back plan has been introduced recently. This specific money back plan helps those people that are going to have their first insurance policy. This unique money back policy has been formulated to offer insurance cover in safe and convenient way.In this life insurance plan, the customer only requires to choose a suitable money back plan that can be easily availed from the pre-packaged solutions. With this policy, policyholder is also enabled to decide the term for making the payment of the insurance premiums.
Following are the major benefits that insurance product offers are as follows:
• This is also one of the insurance policies that offers maturity as well as survival benefits to its policyholders
• During the term of this policy the payouts are done at regular intervals.
• This policy also features extended life coverage.
• The minimum age limit for subscribing to this policy is 18 years and the maximum age limit is 40 to 44 years. The maximum maturity age for this policy is sixty years.
• There are two fixed policy term namely sixteen and twenty years respectively.
So people can choose the term that suits them the best.Like all other insurance policies of ING Vysya term for the payment of premium in this policy is also same. The options for the payment of premium are annually, half-yearly or quarterly. The minimum premium that is to be paid in this policy is rupees three thousand per year. The half-yearly and quarterly premium is Rs. 1500/- and Rs. 750/- respectively.
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