Income Surance 6 Pay

A non-linked, non-participating insurance plan that helps you save your hard-earned money in times of unpredictable financial markets and global financial crisis? Seeking financial opportunities that secure your capital and offer guaranteed* returns to fulfil your goals?

Key Features

  • Pay only for the first 6 years of the policy
  • Enjoy Guaranteed Annual Payouts from the 8th to the 13th year of the policy
  • Protect your family with a life cover of 13 years
  • Get comfort with protection offered by Critical Illness Benefit


  • Maturity Benefit
Policyholder will receive Maturity sum assured (MSA) on survival till maturity. This is defined as a percentage of the total annualized premiums payable and depends on the age at entry of the insured and the premium amount. On this payment, the policy shall terminate and all rights, benefits and interests under the policy shall stand extinguished. Maturity benefit is equal to Maturity Sum Assured.
  • Death Benefit
This benefit is paid in the unfortunate scenario of death of the life insured at any time during the policy term of 13 years. Provided, this benefit will be payable only if the policy is in force. The death sum assured paid out to the beneficiary would be the highest of:
  • a.Guaranteed Sum Assured on maturity (Maturity Sum Assured)
  • b. 10 times of annualized premium (excluding extra underwriting premium)
  • c. 105% of all premiums paid (excluding extra underwriting premiums)
  • d. Basic Sum Assured (An absolute amount of 10 times premium,including extra underwriting premiums)
  • 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 10 years 50 years
MATURITY AGE 23 years 63 years
POLICY TERM 13 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