Secured Income Plan

Secured Income Plan is crafted as a comprehensive savings tool for you and your loved ones. It disciplines you to invest consistently towards providing financial security for your family; insures you from life’s uncertainties like disablement or death, boosts investments with accrued bonus; helps save on taxes and more

Key Features

  • Secured Income plan requires you to invest for a limited and fixed premium payment term of 10 years, and then reap its benefits.
  • You start receiving Income benefit i.e. regular annual payouts starting from the end of the 11th policy year up to maturity i.e. the end of 20th policy year. This Income Benefit is your guaranteed sum assured plus vested bonuses till end of the premium payment term, divided into 10 equal annual instalments.
  • Bonuses are declared as a percentage of your guaranteed sum assured. These get added to your policy every year starting from the 1st policy anniversary till the 10th policy anniversary. They are then paid out as part of your income
  • With Secured Income Plan you can be rest assured about your family’s financial security with a life cover that remains in force for the entire policy term of 20 years.
  • By endorsing your Secured Income policy under the Married Women’s Property Act, 1874, you can create an exclusive fund for your loved ones which is legally protected from creditors and claimants.


  • Maturity Benefit
Upon survival of insured person till the end of Policy term, provided the policy is in force and all premiums have been paid in full, Terminal Bonus, if any will be paid along with the last instalment of Income Benefit.
  • Death Benefit
  • Death Sum Assured PLUS
  • Vested Simple Reversionary Bonus as on date of death PLUS
  • Interim Bonus (if any)
  • Tax benefit
Tax benefits are subject to conditions specified under section 10(10D) and section 80C of the Income-tax Act, 1961. Tax laws are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant. Service Tax & Cess, as applicable shall be levied over and above premium amount shown here as per applicable tax laws.

Am I eligible?

ENTRY AGE 8 years 50 years
AGE OF MATURITY - 70 years
POLICY TERM 20 years (Fixed)

What if?

I am to unable to pay premium

  • Grace period of 30 days will be provided and you should pay the premium with in the specified time period.

I want to take a loan

  • Such option is available under this policy