This is a fixed
term life risk cover policy without bonus. In case the
policyholder survives till the end of the term, he receives
the total amount of premium paid (less any additional premium
like premium for DAB, health etc). In case of earlier death of
the policyholder, the nominee gets full sum assured.
Benefits:
This is a low premium high risk cover policy. Though maturity
benefits is not much, this policy takes care of the financial
needs of a family of the policyholder in case of his premature
death. A person can also have a large insurance cover on
himself for the sake of his family with very less premium. For
young people, who's income is less but assurance needs For
young people whose income is less but insurance needs are
large this policy is suitable. For businessmen with large
borrowings who do not want to pay high premium and would not
normal bother about returns and for whom the insurance is the
focal point, Bima Sandesh is high.
Income Tax Benefit
Available upto 20% of Premium Paid
