Young Star Advantage Plan

• Guaranteed annual payouts to fund important milestones - Young Star Advantage Plan gives you guaranteed annual payouts, payable at the end of every year, in the last 3 or last 5 years of the policy, depending on the policy term you choose.
• Guaranteed Additions and Bonuses1 to boost your savings - Guaranteed Additions are attached to your policy every year for the first 3 policy years. Further, right from the 1st year, reversionary bonuses (if any) are also attached to your policy every year. Along with Reversionary bonuses (if any), interim bonuses (if any) and terminal bonuses (if any) would also be paid out at maturity.
• Immediate payout of lump sum on death of life insured - In case of an unfortunate event, the death benefit will provide for your family’s immediate needs.
• No future premiums payable post life insured’s death - In case of an unfortunate event of you not being around, no future premiums of the policy will be payable.
• Tax benefits* may be available under Sec 80C and Sec 10(10D)of Income Tax Act, 1961:
  • Deduction under section 80C: The premiums that you pay may be eligible for deduction under section 80C of the Income Tax Act, 1961. For the Financial year FY 2019 -20 deductions can be claimed under Section 80CCE up to Rs. 1,50,000 for the total payments, contributions made under Sections 80C, 80CCC and 80CCD.
  • Tax-free benefits under section 10(10D): The benefits received under the plan are exempted from Income Tax under section 10(10D) of the Income Tax Act, 1961.
• Bonuses are linked to the profits of the participating life fund and depend on the future experience and performance of the fund

*Tax benefits are subject to change as per tax laws. Consult your tax advisor for determining the Tax benefits applicable to you.