Home Customer Service Careers News & Events Locations
  
 
 
 
Solutions > Life > Comprehensive Life Plans > Suwashakthi  
It is the cheapest form of life insurance cover available anywhere in the world.

No matter how careful we are in our day-to-day life, we are exposed to unforeseen accidents and illnesses and therefore need to provide for our families in case of an eventuality whether it be death or serious bodily injury. Suwashakthi is a term policy, which offers very high insurance at a very low premium.

For a small premium you can obtain a substantial life insurance since there is no maturity value. It also allows you to obtain personal accident insurance, total permanent disability and permanent partial disability as well as critical illness insurance for a few rupees more.

Eligibility Criteria and Other Conditions

Minimum age at entry 19 Years
Maximum age at entry 60 Years
Maximum period of policy 40 years
Minimum period of policy 5 years
Maximum maturity age 70 Years
Maximum amount that can be insured 150 times your monthly income for a total of life and accident benefits
 

Some of the additional features available with Suwashakthi appear below
Personal Accident Insurance:
You can obtain personal accident insurance up to a maximum of 100 times your monthly income. For example if your monthly income is Rs. 25,000/-, you can take personal accident cover of Rs. 2,500,000/- (maximum of 2 times the sum assured)
Life Insurance:
Your life cover can be for as much as 100 months' salary just as in the case of personal accidents subject to an overall restriction of 150 times monthly income.
Critical illness Insurance:
You can take critical illness insurance for as much as 10% of the basic sum insured or Rs. 2 Mn whichever is lower. This benefit covers 22 "dread diseases".

In order to beat the illeffects of inflation, Janashakthi has also formulated a unique variation of the Swarnashakthi policy, where the sum insured increases by 5% or 7.5% compound each year, although the plan remains unchanged.

 
How the policy works?
 
NOTE:If you need to meet one of our professional Financial Advisors to customise the Suwashakthi plan according to your distinct needs and wants please click here to Contact Us.
 



Top

Home | About Us | Solutions | Customer Service | News & Events | Careers | e Services | Locations | Contact Us