Super CashGain is a traditional money back insurance plan with a lot of flexibility thrown in. Some of the features are exciting and can be very useful to the customers. Money is guaranteed to you at regular intervals of time.
You can choose the term of your plan (12, 16, 20 or 24 years). You can also choose the sum assured needed by you. They are available in 4 bands of live cover – Silver, Gold, Diamond & Platinum. In Silver the Sum Assured is equal to the Base Sum Assured. In Gold it is 2 times the base sum assure, in Diamond it is 3 times and in Platinum it is 4 times the base sum assured. The Sum Assured and Term chosen along with your age will determine the premium amount.
If all premiums have been paid on time, at every quarter of the policy term you would receive 20% of the Base Sum Assured. And when the policy matures you will be paid 40% of the Base Sum Assured along with the bonuses will be paid to you. So if you have taken a Silver Plan with Sum Assured of 8 lakhs for 12 years, you would get 1.6 lakhs in year 3, 6 & 9 and after the 12 th year you would get 3.2 lakhs + Bonuses. In case of death of the policy holder, the nominee would get the Sum Assured + Bonuses.