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NO APPLICATION Formerly Sun Life Midterm Plan Series OK(1135 days) A Close ended Income Scheme(PLEASE READ THE INSTRUCTIONS BEFORE FILLING UP THE FORM)Offer of units of 10/ each for cash during the
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How to fill out term plan - series
How to fill out term plan - series
01
Start by gathering all the necessary documents such as identification proof, income proof, and medical history.
02
Research different term plans under the series to find the one that suits your needs. Consider factors like premium amount, coverage period, and additional riders.
03
Once you have chosen a term plan, fill out the application form accurately. Provide personal details, contact information, and nominee details.
04
Answer all the questions regarding your health and lifestyle honestly. Any misrepresentation can lead to claim rejection.
05
Fill out the nomination form carefully. Choose a reliable nominee who would receive the policy benefits in case of your demise.
06
Review all the filled information to ensure accuracy and completeness.
07
Attach the required documents with the application form, such as identity proof, address proof, income proof, and medical reports.
08
Pay the premium amount as per the selected term plan. Choose a convenient payment mode.
09
Submit the filled application form along with the documents and premium payment to the insurance company.
10
Keep a copy of the filled application form, documents, and payment receipt for future reference.
Who needs term plan - series?
01
Term plan - series is suitable for individuals who want to financially protect their loved ones in case of their untimely demise.
02
It is particularly beneficial for sole breadwinners of the family as it provides a lump sum amount to the nominee, which can be used to meet various financial needs such as daily expenses, education expenses, or loan repayments.
03
People with dependents, such as spouses, children, or elderly parents, can opt for term plan - series to secure their future.
04
Even individuals who have financial liabilities like loans or debts can benefit from term plan - series as it ensures that the burden does not fall on their family members in case of their demise.
05
Term plan - series also offers tax benefits under Section 80C of the Income Tax Act, making it an attractive option for individuals looking to save on taxes.
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