Bank Of India Plans

Hii sir, I wants to get the Information About the Insurance Individual plans of the bank of India ? Please provide me Some information About this ?

As you Asking for the Insurance Individual plans of the bank of India let me tell you that the Following Plans Are Introduced by the bank of India As Insurance Individual plan

SUD Life Bright Child
SUD Life Bright Child is a traditional plan targeted to the young parents to secure the future of their child.

Key Features
A choice between two funding options –
Career Endowment
Wedding Endowment
“Child Benefits” up to 125% of Sum Assured*
Benefits paid to the child during his/her crucial years, i.e.- 18, 21, 24 years of age
The child’s future is secure even in case of parent’s unfortunate demise, as
All future premiums are paid by the company
The child receives the benefits as and when due


SUD Life’s Elite Assure plan

SUD Life’s Elite Assure Plan is a traditional life insurance plan, which combines savings and protection, to give you the freedom to build a supplementary future income

Feature

Flexibility to choose your future income through two plan options-
5-5-5: Pay premium for 5 years, your money accumulates for another 5 years and you receive payouts in next 5 years
7-7-7: Pay premium for 7 years, your money accumulates for another 7 years and you receive payouts in next 7 years


Star Union Dai-ichi's Guaranteed Money Back Plan

Star Union Dai-ichi’s Guaranteed Money Back plan is a traditional life insurance plan, which offers regular payouts after every five years along with a lump sum at the end of policy term.

Key Features
Guaranteed money back of 200% of annual premium after every five years #
Your funds grow with guaranteed additions of up to 6% of annual premium every year
Guaranteed lump sum at the end of policy term
Financial support to your family in case of unfortunate demise
Income Tax benefits under section 80(C) & 10(10D)*


SUD Life Immediate Annuity Plan

This is an annuity plan, where the annuitant can purchase the annuity from four options and can receive regular income till his survival. With this plan you can live a self sufficient retired life with peace of mind.

Key Features
Lifelong annuity
Four annuity options-
Life Annuity (best annuity rates)
Life Annuity with Return of Purchase Price
Life Annuity increasing at 5% (simple) every year with Return of Purchase Price


SUD Life Premier Protection Plan
This is a low premium term plan, with high sum assured. It is a perfect plan for High Net Worth individuals who desire higher security for their future.

Key Features
Lump sum paid to the nominee in case of the unfortunate death of the life assured
Optional Riders available for additional protection
Income tax benefits are available as per the rules of the Income Tax Act, 1961*.


SUD Life Jeevan Safar Plus

SUD Life Jeevan Safar Plus is a traditional life insurance plan, which guarantees 125% Sum Assured1 along with additional bonus and financial assistance to your family in case of uncertainties.

Key Features
Guaranteed additions for the first 5 years1
Yearly bonus to enhance your savings further
Protection for your family in case of your unfortunate demise

SUD Life Wealth Builder
SUD Life Wealth Builder is a Unit Linked Life Insurance plan, which gives you an opportunity to grow your one-time investment and also protects your family against uncertainties.
Key Features
Growth of your money through one time investment
Assured financial assistance to your family in case of your unfortunate demise
Control on your investments through 4 funds so that you get your desired returns even in a fluctuating market
Top up option, wherein you can intermediately infuse capital to build your savings and increase your wealth


SUD Life Dhan Suraksha Plus

SUD Life Dhan Suraksha Plus is a double benefit Unit Linked Life Insurance plan, which provides financial security to your family in case of your unfortunate demise along with a flexibility to grow your money through investment in choice of four funds.

Key Features
Flexibility to invest in 4 funds
Life cover for assured financial assistance to your family in case of uncertainties
Control your investments through multiple options like premium redirection, switching etc.
Income Tax Benefits under Sec 80(C) & 10(10D) *
Partial Withdrawal facility to address your intermediate liquidity requirements
Settlement Option to mitigate your risks in case of adverse market conditions during maturity


For detail information please Wisit the Nearest branch of the State bank of India

__________________
Answered By StudyChaCha Member