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The plan is designed to cater protection needs of rural masses as well socially weaker sections from semi urban/urban areas. It is a simple pure term insurance plan.
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The plan is designed to cater protection needs of rural masses as well socially weaker sections from semi urban/urban areas. It is a simple pure term insurance plan.
 
Entry Age
18 – 50 years
Premium
Min: Rs. 250 | Max: Rs. 2,500 (in multiples of Rs. 50)
Sum Assured
20 x Single Premium
Policy Term
5 years
Premium Paying Term
Single
Death Benefit
Sum Assured
Maturity Benefit
NIL
Surrender Benefit
Available from second to the forth policy year. The Surrender Benefit as a % of single premium is –
 
Year of surrender
2nd
3rd
4th
% of single premium
60%
40%
20%
Tax Benefits*
Death Benefit is tax free under Sec. 10(10D) of the income Tax Act. Tax benefit under Sec. 80C of the income Tax Act.
Free Look Period
15 days (30 days in case the policy issued under the provisions of IRDAI Guidelines on Distance Marketing^ of Insurance products) from the date of receipt of the policy
 
This policy is underwritten by Aditya Birla Sun Life Insurance Co Ltd, Aditya Birla Sun Life Insurance, Grameen Jeevan Raksha are names of Company & Product and do not in any way indicate the quality of the policy. For more details on risk factors, terms & conditions please refer to sales brochure carefullybefore concluding the sale. . Tax benefits are subject to change in tax laws. All terms & conditionsare gaurnteed throught the policy term. Service tax & education cess and any other applicable taxeswill be added to your premium and levied as per extant tax laws. Insurance is a subject matter of solicitation. UIN: 109N084V01.
 
Aditya Birla Sun Life Insurance Company Ltd. One Indiabulls Centre, Tower1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai-400013. Reg. No. 109, Adv/1/11-12/5999
 
*As per current tax provisions ^ Distance Marketing includes every activity of solicitation (including lead generation) and sale of insurance products through voice mode, SMS electronic mode, physical mode (like postal mail) or any other means of communication other than in person.
 
 
Disclaimer
This policy is underwritten by Aditya Birla Sun Life Insurance Co Ltd, Aditya Birla Sun Life Insurance, Grameen Jeevan Raksha are names of Company & Product and do not in any way indicate the quality of the policy. For more details on risk factors, terms & conditions please refer to sales brochure carefullybefore concluding the sale. . Tax benefits are subject to change in tax laws. All terms & conditionsare gaurnteed throught the policy term. Service tax & education cess and any other applicable taxeswill be added to your premium and levied as per extant tax laws. Insurance is a subject matter of solicitation. UIN: 109N084V01, Aditya Birla Sun Life Insurance Company Ltd. One Indiabulls Centre, Tower1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai-400013. Reg. No. 109, Adv/1/11-12/5999 *As per current tax provisions ^ Distance Marketing includes every activity of solicitation (including lead generation) and sale of insurance products through voice mode, SMS electronic mode, physical mode (like postal mail) or any other means of communication other than in person.
Unique No.: 109N086V01