PRESENTEDBY;

OCEAN 8
Life Insurance
Life insurance is a contract between an insurer and a
policyholder in which the insurer guarantees payment of a
death benefit to named beneficiaries upon the death of the
insured. The insurance company promises a death benefit in
consideration of the payment of premium by the insured.
ASSURED INCOME PLAN
Assured income plan is a guaranteed income plan, is a
solution to take care of all your potential cash flow
requirements, thus ensuring the desired quality of life for you
and your family.
Life cover for the full
policy term
Get assured regular income after the
policy term
Fixed policy term: 8 years or 10 years
Additional protection through riders

 Accident Benefit Rider

Provides assistance to life assured, in the event of permanent /
total disability due to an accident.

 Extra Insurance Cover

Provides additional life cover against the payment of extra
premium.

 Critical Illness Cover

Provides a benefit to help cover medical and rehabilitation costs
associated with critical ailments.

 Family Income Benefit

Provides additional protection to the family for a nominal
Longer the term higher the income
More the premium more the returns
Choice of multiple payment options
Tax benefits for premiums paid and
benefits received Tax benefits for
premiums paid and benefits received
 Maturity Benefits
In case of survival of the life assured up to the end of the
policy term and receipt of all the due premiums, the assured
income payouts will be paid as scheduled at the start of each
policy year after the end of the policy term during benefit
payout period. However, the life assured will also have an
option to take the assured benefit payouts in lump sum. The
lump sum benefit will be the maturity sum assured. If the life
assured dies after commencement of the assured income, the
outstanding assured income payouts will continue as
scheduled to the nominee or beneficiary.
 Death Benefits
 In case of death of the life assured during the policy term,
provided all the due premiums till the date of death have
been paid, death sum assured will be paid. The death benefit
will be paid to the nominee or beneficiary in any of the
following option exercised:
 Lump sum
 Regular payouts
 50% death benefit as lump sum and remaining 50% as
regular payouts
ENTRY AGE
 Minimum:30 Days
 Maximum:50 Yrs (As on last birthday)

MATURITY AGE
 Maximum:58 / 60 Yrs(As on last birthday)

SUM ASSURED
 Minimum: Rs. 1.2 / 1.5 Lakhs
 Maximum: Rs. 40 / 50 Lakhs

POLICY TERM (Yrs) :

 8 / 10 Yrs

PREMIUM PAYMENT TERM (Yrs)

PREMIUM PAYMENT MODE
 Yearly
 Half-yearly
 Monthly
 Quarterly

ANNUAL PREMIUM
 Minimum : Rs. 15,000
 Maximum : Rs. 5 Lakhs