Plan Type
Whole Life • Non-Linked • Participating (PAR)
Savings • Whole Life Cover • Participating (PAR)
Smart Lifetime Saver
Lifetime Income. Lifetime Protection.
Pay for limited years, enjoy guaranteed + non-guaranteed incomes for life — with protection till age 100.
- Independent & need-based
- IRDAI-compliant
- Non-linked • Participating (PAR)
A Lifetime Income Plan that Grows with You
- Regular guaranteed income + cash bonus (if declared) for life.
- Protection till age 100.
- Flexibility to defer or withdraw accumulated income.
- Limited pay options: 10 / 12 / 15 years.
- Suitable for creating legacy or retirement income.
Enjoy lifelong income while safeguarding your family’s future.
Key Highlights
Coverage
Life cover till age 100.
Income Type
Guaranteed + Non-Guaranteed (cash bonus, if declared).
Premium Terms
Choose 10 / 12 / 15 years.
Payout Options
Yearly • Half-Yearly • Monthly.
Flexibility
Accumulate or withdraw incomes anytime.
Optional Rider
Accident & Partial Disability Benefit.
Tax Benefits
Possible under 80C & 10(10D), subject to eligibility.
How Income Comes To You
- Fixed income starts after premium payment term ends.
- Continues for lifetime (or till age 100).
- Stable and predictable cash flow.
- Example: ₹1,00,000 p.a. premium → ~₹27,500 guaranteed income yearly from Year 11 onwards.
- Cash bonus, if declared, starts from 7th policy year.
- Based on company performance — adds to total returns.
- Can be taken yearly or accumulated with interest.
Combine guaranteed income with cash bonus (if declared) to enjoy financial independence for life.
How It Works
- 1 Choose premium & payment term (10 / 12 / 15 yrs).
- 2 Pay premiums → complete pay term.
- 3 Next year: receive Guaranteed Survival Income annually.
- 4 From 7th year: bonus may be declared and paid/accumulated.
- 5 Continue for life or defer & accumulate; at 100, get maturity + accumulated income.
Policy term = 100 years – Entry Age.
Benefits Summary
Benefit Type
Description
Survival Income
Guaranteed annual income after pay term; non-guaranteed cash bonus (if declared) from 7th year.
Maturity Benefit
Lump sum at age 100 (Guaranteed Sum Assured + Terminal Bonus, if declared).
Death Benefit
Higher of Sum Assured on Death or 105% of premiums paid + applicable bonuses (if declared).
Rider (Optional)
Accident Benefit Rider (Death / Partial Disability).
Tax Benefits
Possible under 80C & 10(10D), as per current laws and individual eligibility.
Eligibility & Parameters
Parameter
Details
Entry Age
30 days – 55 years
Maximum Maturity Age
100 years
Premium Payment Term
10 / 12 / 15 years
Policy Term
100 – Entry Age
Minimum Annual Premium
₹30,000
Premium Frequency
Yearly / Half-Yearly / Monthly
Sum Assured
Minimum 10× Annual Premium
Riders
Accidental Death & Partial Disability Benefit
Guaranteed & bonus incomes vary with pay term and premium band. Exact figures appear in your personalised illustration.
Examples (Educational)
Figures are indicative shapes only. We’ll share your exact numbers in a PDF illustration.
Example A — Family Income Plan
- Profile: Age 35, ₹1,00,000/year, 10-year pay term
- Income: ~₹27,500 per year guaranteed after Year 10, lifelong
- Bonus (if declared): From Year 7
- Maturity: Lump sum at age 100
- Total Premiums: ₹10,00,000
Example B — Retirement Income Plan
- Profile: Age 45, ₹3,00,000/year, 15-year pay term
- Goal: Lifetime income post-retirement
- Income: ~₹97,500+ yearly guaranteed
- Bonus: Adds non-guaranteed upside
- Protection: Till age 100
Who Should Consider This Plan?
Lifetime income seekers
Parents planning long-term legacy
Retirees wanting steady income
Business owners needing predictable cash flow
Conservative, non-market savers
Why Plan With Praveen Sharma
Independent advice, clear illustrations, end-to-end support.
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Independent & Multi-Insurer
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Personalized Illustrations
Side-by-side views of income, maturity, and protections—before you decide.
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End-to-End Assistance
From proposal and documentation to issuance and ongoing service.
Get Your Personalized Illustration
Share a few details and receive a clear, IRDAI-style benefit sheet.
FAQs — Quick Answers
What’s guaranteed vs non-guaranteed income?
Guaranteed Survival Income is fixed as per policy terms. Non-guaranteed income is the cash bonus, payable only if declared by the insurer, and may vary.
When do incomes start?
Guaranteed income starts after your premium payment term ends. Cash bonus, if declared, may start from the 7th policy year.
Can I defer or withdraw bonuses?
Yes. You can accumulate guaranteed/bonus incomes and withdraw them later, as per policy rules.
How are tax benefits applied?
Benefits may be available under Sections 80C and 10(10D), subject to prevailing laws and your eligibility. Please consult a tax advisor.
Can I buy multiple policies?
Yes, subject to underwriting and financial limits across insurers.
IRDAI-registered insurers
Non-Linked • Participating Plan
Data privacy maintained
This content is educational and does not represent or promote any specific insurer. Policies are issued only by IRDAI-registered insurers.
Please review the official brochure & benefit illustration before purchase. Tax benefits depend on individual eligibility under prevailing laws.