Astha
Somoy Shurakkha
The unique feature of the policy is that the policy owner will receive 25% of the basic Sum Assured (Face value) at the end of one-third of the Premium payment term, another 25% of the basic Sum Assured (Face value) at the end of the two-third of the Premium payment term. Finally, the policy owner will also receive the remaining 50% of the basic Sum Assured (Face value) together with an accrued bonus on maturity at the end of the term.
Feature & Benefit
Death Benefit
Supplementary Coverage
Policy Term
Grace Period
Premium Payment Mode
Secured premium payment process
Paid Up/Cash Surrender
Policyholder's Age
Tax Benefit
If the policyowner dies during the term of the policy, full basic Sum Assured (Face value) with accrued bonuses till the date of death shall be paid to the nominee (s).
Supplementary coverage namely “Accidental Death Benefit (ADB)” and “Permanent Disability & Accidental Benefit (PDAB)” can be taken along with this policy.
Policy can be taken for any of 12, 15, 18, 21 and 24 years term.
In case of policy lapse, AsthaLife's standardized underwriting rules shall be followed with 30 days grace period.
Premiums are payable annually but can be paid on a half-yearly/ quarterly basis as well. In that case the calculations are as follows: -Half year premium = Annual premium x 0.525
Quarterly premium = Annual premium x 0.275
Bank EFT/CQ / Mobile banking (cash payment is not allowed).
The policy shall earn paid up (reduced Sum Assured) value and surrender (encashment) value only if it is in-forced (active) for at least two years.
The policy owner’s minimum age at entry shall be 18 years and maximum 58
years.
- Income Tax rebate is applicable against the premiums paid.
- Death
benefit is also Tax free.
Product Video
