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InvestShield CashBack

InvestShield CashBak

If you want to have the benefit of capital appreciation while maintaining a proper balance between returns, safety and liquidity, InvestShield CashBak is the policy for you. It has the added assurance of a Premium Guarantee which ensures the return of the sum of all premiums paid on the maturity of the plan in case of the market returns being negative.

The policyholder also gets a life insurance cover for protecting his family in case of his death in terms of financial implications.

Policy at a Glance:

Minimum/Maximum Entry Age -0-65 years
Maximum Age of Maturity- 0 years and 75 years
Minimum/Maximum Term-10-30 years
Minimum Premium -Rs 8000 per annum
Sum Assured- Annual Premium * Term/2
Tax Benefit - Premium paid for the policy will be eligible for tax benefit under Sec. 80C. Any amount paid to you will be eligible for tax benefits under Sec. 10 (10D) as per prevailing Income Tax laws.

Key Benefits:

Premium Guarantee:Sum of all premiums paid minus the partial withdrawals is guaranteed on maturity of the policy or death of the policyholder. This value is referred to as Guaranteed Value. The Guaranteed Value will come into play only if all the premiums due from the policyholder have been paid.
Partial Withdrawals: From the 6th year onwards, you are allowed one partial withdrawal per year, up to a maximum of 10% of your fund value till the end of the term
Death Benefit: On death of the policyholder, Sum Assured PLUS higher of fund value or guaranteed value at the time of death, will be paid out to the nominee of the life assured.
Tax Benefits: The premiums paid towards this policy are eligible for tax deductions u/s 80 C. Maturity proceeds and death benefits are eligible for tax exemption u/s 10 (10 d) as per prevailing tax laws.