FAQs

Life Insurance

23 Jan 2003

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The Free Disability Benefit is automatically available to every policyholder without any extra charge. If the life assured is disabled by accident from earning his livelihood, he will be exempted from paying premiums on his policy after the date of his disablement. The benefit is granted only on the first Rs.20000/- of assurance on any one life.

To be eligible for this benefit, the policy has to be in full force for the full sum assured when the disability occurs. Also the disability must arise before the policy anniversary and the age of the life assured must not exceed 70. Also the disability must be total and permanent such that there is no work, occupation or profession that the life assured can do or follow to earn or obtain any wages, compensation or profit.

Loss of eyesight in both eyes, amputation of any two limbs, hands above the wrist and legs above the ankle will be deemed to constitute total and permanent liability. And LIC must be furnished within 90 days of the occurrence of the disability.

Risk Factors – Investments in Mutual Funds are subject to Market Risks. Read all scheme related documents carefully before investing. Mutual Fund Schemes do not assure or guarantee any returns. Past performances of any Mutual Fund Scheme may or may not be sustained in future. There is no guarantee that the investment objective of any suggested scheme shall be achieved. All existing and prospective investors are advised to check and evaluate the Exit loads and other cost structure (TER) applicable at the time of making the investment before finalizing on any investment decision for Mutual Funds schemes. We deal in Regular Plans only for Mutual Fund Schemes and earn a Trailing Commission on client investments. Disclosure For Commission earnings is made to clients at the time of investments. Option of Direct Plan for every Mutual Fund Scheme is available to investors offering advantage of lower expense ratio. We are not entitled to earn any commission on Direct plans. Hence we do not deal in Direct Plans.

AMFI Registered Mutual Funds Distributor | ARN-52619 |Validity: 20/08/2027