Page 27 - Life Insurance Today March 2016

Elite Assure Plan
SUD Life's Elite Assure Plan combines savings and
protection, to give the freedom to build a supplementary
future income.
Benefits:
 Flexibility to Choose Future Income:
1. 5-5-5 option- Pay premium for 5 years, your money
accumulates for another 5 years and then receive
payouts in the next 5 years
2. 7-7-7 option- Pay premium for 7 years, your money
accumulates for another 7 years and then receive
payouts in the next 7 years
 Assured Benefits including
1. Monthly Benefit as chosen
2. Annual Income- 5 X monthly income
3. Lump sum at the end of the policy term- up to 60
X monthly income
New rules for acquiring a passport
The ministry of external affairs has recently changed some Aadhaar details, the passport department can verify
of the passport rules to ease out stress of the applicant. them," a ministry official said. Of the three identity
The rules are:
Normal passport before police verification
The new rule says people applying for a passport for the
first time under "Normal" category can get their passport
without police verification if they submit the following
documents while appearing for an interview at the
Passport Seva Kendra:
o Aadhaar card
o PAN card
o EPIC (electoral photo identity card)
o An affidavit in form of Annexure I (format available
on www.passportindia.gov.in)
"The Aadhaar database has been linked to the passport
database. The moment an applicant submits his/her
Life Insurance Today March 2016
from Star Union Di-ichi Life Insurance
 Financial stability to your family in case of your
unfortunate demise
Key Features:
 Income Benefit - Monthly Income as chosen: Min- Rs.
10,000, Max- Rs.5,40,000
 Death Benefit: Sum Assured (i.e. 11 X Annual premium,
rounded up to the next Rs. 1000).
 Policy Term: 15 years / 21 years.
 Premium Payment Modes: Yearly, Half Yearly, Quarterly
or Monthly.
 Income tax benefits under section 80(C) & 10(10D).
Eligibility:
 Entry Age: 20-50 years
 Maturity Age: 35-71 years
documents, only the Aadhaar can be verified on the
Internet in real time.
Earlier, people applying for a normal passport would have
to wait for the police to carry out a physical verification
of their address and check their crime record, if any. It
means the police will conduct a verification after the
passport is issued (as in the case of a Tatkal passport). This
will save an applicant at least a month that the cops
usually take to file a report.
Booking an appointment
The new rule states an applicant will get to choose from
a list of five dates available at the earliest. On clicking the
"book an appointment" option, a calendar pops out
offering the next five available dates the applicant can
choose from.
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