04/03/2021
REGULAR INCOME FOR SPOUSE IN YOUR ABSENCE*
Investing a large sum💰💰 (received via death claim) to earn a regular income💵💵 for herself is very challenging for a spouse. There is always a chance of ❌wrongful investment or 📉low returns from bank fixed deposit. It may not generate adequate monthly income to cover day to day expenses.
A unique solution which EMPOWERS the SPOUSE of the deceased with a regular guaranteed tax free *MONTHLY INCOME of 1.25% of sum assured* for 20 years or 15 years or 10 years . This regular income is welcome relief for her.
*The Give - Gets for better understanding for a 35 yrs old life insured (male) is as below:*
*Scenario*
SA : 1.60 Cr
PT : 50 yrs
PPT : 20 yrs
Income Benefit period : 20 yrs
*Give:*
Premium : 82,870/- for 20 yrs
*Get on death anytime during Policy Term:*
2 lacs per month for 240 months ( 2yrs) =Total 4.8 CR as death Benefit