POS Guaranteed Income Plan

This plan provides the exact same combination- life insurance and guaranteed returns. This plan not only gives your life insurance protection, but also ensures peace of mind with guaranteed returns. Moreover it also gives you choice of income and endowment option basis your financial needs and future goals

Key Features

  • With POS Guaranteed Income Plan you pay your premium for first 5 years only and get life insurance protection for entire policy term of 10 years.
  • After paying your premiums, you will receive guaranteed benefits basis the plan option you have selected. The benefits are guaranteed irrespective of market conditions. They are expressed as a percentage of your premiums (excluding applicable taxes) and depend on age at entry of the life insured and premium amount. This is explained in further detail under ‘How the Plan Works’ sections.
  • If you have chosen the Endowment option at the inception, you will receive a lump sum payout at the end of 10th year


  • Maturity Benefit
You will receive Maturity sum assured (MSA) on survival of the life insured till maturity. This is defined as a percentage of the total annualized premiums payable and depends on age at entry of the life insured and the premium amount. On this payment, the policy shall terminate.
  • Death Benefit
On death of the insured person, provided the policy is in force and all premiums have been paid in full; the beneficiary would be paid the Death Sum Assured subject to waiting period. Once a death claim is paid, the policy will be terminated. Death Sum Assured is 10 times of premiums payable per annum excluding service tax, 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
MATURITY AGE - 60 years
POLICY TERM 10 years
Premium Payment Mode Yearly

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