VCare Financial Solutions

Samridhi Plus is a closed ended Unit Link Insurance Plan (ULIP) with guaranteed highest NAV value of the first 100 months at maturity.

Samridhi Plus offers payment of fund value at the end of the policy term based on the Highest Net Asset Value (NAV) over the first 100 months of the policy or NAV as applicable at the end of the policy term whichever is higher. The policyholder can choose the level of cover within the limits, depending on his/her age.

Plan Parameters:

Entry age : 8-65 years

Maturity age : 18-75 years

Policy Term : 10 yrs

Premium paying term (PPT) : 5yrs or single premium

Minimum Premium:

Yearly Premium : Rs.15000/-

Half Yearly : Rs.8,000/-

Quarterly: Rs.4,000/-

ECS : Monthly Rs.1500/-

Single Premium: Rs. 30,000/-

Sum Assured:

For age below 45 years:
Min.10 times of the annualized premium

Max. 20 times of the annualized premium

For age 45 years and above:
Min.7 times of the annualized premium

Max. 10 times of the annualized premium

Single Premium:

For age below 45 years:
Min:1.25 times the single premium

Max: 5 times of the single premium

For age 45 years and above:
Min. : 1.10 times of the single premium

Max.: 1.25 times of the single premium

Top-up:
No Top-up shall be allowed under the plan.

Accident Benefit:

Accident Benefit is availabe at extra Rs.0.50 per thousand Sum Assured

Premium Allocation Charge:
For Single premium policies: 3.3%

Allocation Charge for Regular premium
1st Yr- 6%
2nd-5th year- 4.50%

Other Charges:
i) Policy Administration charge: Rs. 30/- per month during the first policy year and Rs 30/- per month escalating at 3% p.a. thereafter, throughout the term of the policy.
ii) Fund Management Charges (FMC): 0.90% p.a
iii) Guarantee Charge: 0.40% p.a

Benefits payable on death:

The nominee will get Sum Assured or Policyholder’s Fund Value whichever is higher

Maturity Benefit:
Highest NAV Fund Value Or Maturity Fund Value Whichever is higher.

For more details pls contact VCare Financial Solutions : 9869629086 or write to us on vcarefinsol@gmail.com