Vikas Sikri

• Dual Benefit: Protection & Investment: Combines life coverage with high returns through investments in equities, bonds, or other financial instruments. It offers a safety net for your family along with the potential for long-term wealth accumulation.

• Tax-Advantaged Returns: Premiums paid are eligible for tax deductions under Section 80C of the Income Tax Act, and the returns received (maturity benefits) are often tax-free under Section 10(10D), providing a dual benefit.

• Flexibility & Customization: Offers flexibility in premium payment terms, fund options, and policy duration, allowing you to choose based on your financial goals, risk appetite, and investment horizon .

Term Insurance Plans are a type of life insurance that provides coverage for a specific period, known as the "Term," and pays out a death benefit to the beneficiary if the insured person dies during that term. It's a straightforward, cost-effective way to financially protect your family in case of your untimely death.

•  Life Coverage with Premium Refund: Provides financial protection to your family in case of your untimely death during the policy term. If you survive the term, all premiums paid (excluding taxes and rider charges) are returned to you.

• Higher Premiums Than Pure Term Plans:Compared to regular term insurance, TROP plans come with higher premiums due to the return of premium feature, but they offer a savings element.

• Tax Benefits: Premiums paid are eligible for tax deduction under Section 80C, and the maturity amount (returned premium) is usually tax-free under Section 10(10D), subject to prevailing tax laws.

• Assured Maturity Payout: Offers fixed and predictable returns at the end of the policy term, regardless of market performance — making it a safe investment for long-term goals like education, marriage, or retirement.

• Dual Benefit – Insurance + Savings: Combines life insurance coverage with guaranteed returns, ensuring financial protection for the family along with disciplined savings and wealth creation.

• Tax-Efficient Investment: Premiums paid are eligible for tax benefits under Section 80C, and the maturity amount is usually tax-free under Section 10(10D) (subject to prevailing tax laws), enhancing overall returns

• Future-Focused Financial Security: Designed to secure a child’s future by providing financial support for education, marriage, or other milestones, even in the unfortunate event of the parent's demise.

• Waiver of Premium & Continued Growth: In case of the policyholder's death, the future premiums are waived, but the policy continues — ensuring the child still receives the planned maturity benefits.

• Flexible Payout Options: Offers lump sum or periodic payouts aligned with major life events like school admissions or college fees, along with tax benefits under Sections 80C and 10(10D).