Aditya Birla "Guaranteed Milestone Plan "

GMP stands for Guaranteed Milestone Plan. This is an insurance product which is offered by Aditya birla sunlife company ltd for various time frames and premium terms.

The key features of this plan are described below :

1- Single life and Joint life : A person can choose it for its own single life or he can take it for both includes his wife or life partner jointly. The same premium will be paid in both the condition. No extra premium will be required.

2- Sum Assured : The sum assured is the value that is claimed at the time of any misshappening due to any specified reason e.g. illness or accident etc.
In this plan, the nominee of the policy holder will be entitled to receive this whole amount after claim settllement. In this plan the sum assured amount will be 15×premium value per year. Suppose if the policy holder was paying the premium of Rs. 200000 per year then he will get the life cover of Rs. 3000000.

3- Maturity Benefits : A person will be free to choose any maturity period which mentioned in the plan. The policy terms are started from 12 years to 26 years. Similarly the premium paying terms started from 6 years to 12 years.
The policy holder will receive all the maturity benefits at maturity age of policy whatever he choosed.

Suppose he choosed premium term 10 years and policy term 22 years. He choosed the premium value Rs. 200000/- per year up to 10 years.
The total investment during 10 years will be Rs.20 lacs. He will receive total amount of ~Rs. 55 lacs at 22th. year of policy term.

4- Tax benefits : All the incomes ( life cover value + maturity income) will be tax free.

5- Entry age for this plan is 30 days to 60 year.

Hence kids, teenagers, young and adult peoples easily can enter in this scheme for their different objectives and financial goals along with keeping safe and secured by life cover.

In the present month, this plan is offering the extra return equal to one premium value with the maturity benefits.

This plan is offering more flexibility to choose the policy term, premium paying term and premium value that is best suitable to your requirement.

PLAN AT GLANCE :

Entry Age   :  30 days to 60 years

Premium paying term : 6, 8, 10, 12 years.

Policy terms : 12, 14, 16, 18, 20, 22 24, 26 years.

Sum Assured  : 15× Annual premium

Maturity Income : Very high in each terms

Other benefits  : Guaranteed

Fore more information and details regarding this plan, you can contact me.

Thank You
Reetipraagya Singh
Mob. & Whatsapp  : +919821337127
Email : reetipraagya@gmail.com

www.adityabirlacapital.com

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