We use cookies to ensure the best experience for you on our website.If you choose to ignore this message, we'll assume that you are happy to receive all cookies on ET BFSI. No, only LIC is authorised to sell PMVVY scheme. You can surrender the investment before the completion of 10 years. The plan comes with three different variants of cover options to choose from. Pradhan Mantri Vaya VandanaYojana (PMVVY) can be purchased by paying a lump sum amount. Features and Benefits of Aegon Life iTerm Plan. Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer. Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. In case of a diagnosis of any critical illness, a premium waiver benefit is offered under the policy. Principal Officer: Vilas Gandre,+91-9833248023, Invictus Insurance Broking Services Private Limited. This surrender is allowed only if you or your spouse faces a critical or terminal illness. The USPs of the plan is as follows –. All you need to know about Navi General Insurance (formerly known as DHFL General Insurance), Bajaj Allianz General Insurance – Buy, Renew & Compare Plans Online, ICICI Lombard General Insurance Company Limited, National Insurance health insurance claim process, Shriram General Insurance – Compare Plans & Benefits, Tata AIG General Insurance Overview, Features, Buy/Renew Plans, The New India Assurance Co. 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As a pure protection plan, the term insurance policy offers risk cover to the family of the insured against any type of eventuality. How to Hike Your Term Insurance Coverage After Buying The Policy? Suitable for individuals looking to create a retirement corpus as well as lifetime income after retirement. The plan offers two different options of premium payment i.e. Pension plans can be offered in two variants – deferred annuity and immediate annuity plans, The maturity benefit of a pension plan is used to create annuities which continue till the lifetime of the policyholder. 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