subject: IDBI Fortis Life Insurance Retiresurance Pension Plan [print this page] IDBI Fortis Life Insurance Retiresurance Pension Plan
The IDBI Fortis Retiresurance Pension Plan is a Unit Linked Insurance Plan (ULIP) that helps you reserve your money for your retirement. On retirement, you can use the maturity fund to buy an insurance so that you have a monthly payroll check for life, even when your regular income is stopped.
IDBI Fortis Retiresurance Pension Plan permit you to make wealth over the long-term. If in case you have an emergency need for funds before maturity of the Plan. The policy offers liquidity with
(a) Partial Withdrawals,
(b) Surrender.
Eligibility Criteria for DBI Fortis Retiresurance Pension Plan:
Entry Age Minimum Age Limit is 18 years and maximum age limit is 70 years.
Maturity Age Maximum Age limit is 75 years.
Premium Paying Term Option to choose Single Premium or 3 years for regular premium.
Premium Paying Frequency Single, Monthly, Quarterly, Half Yearly, Yearly.
Key Benefits of Retiresurance Pension Plan:
Death Benefit In case of premature death of the policyholder during the term of the policy, the sum assured along with additional bonus will be paid to the nominee.
Maturity Benefit When the policyholder survives the policy term, the will receive the sum assured along with additional bonus (if applicable).
Tax Benefit Premiums paid by the policyholder for this plan is eligible for tax benefit under section 80CCC and 10(D) of Income Tax Act 1961.
Flexible premium paying options for Retiresurance Plan:
Single Premium Option to pay your premium in a single lump sum through the single premium option.
Regular Premiums Option to pay your premium how you want,like monthly, yearly, quarterly,etc.
Top-up Premiums Other than Single and Regular premiums, if you would want to pay your premium whenever you want and at any period of time, you can pay it through Top-Up Premiums.
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