This is a limited premium paying Non-Linked Participating Endowment Assurance Plan. This is a unique saving plan in which you pay for a short period and stand to gain by maximizing the growth of your money.
Features:
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Pay for just 9 years and receive a lump sum amount at maturity
Bonuses to augment your maturity amount
Potential for upside with the bonus components
Protection against uncertainties of life for the entire policy term
Option to enhance protection through rider
Tax Benefits available under Section 80C and 10 (10D) of the Income-Tax Act, 1961