Mera Wealth Plan is a unit- linked wealth and savings plan that enables you to create a financial blueprint for your goals at every stage in life.
Product Benefit
Pay as you like
Select the duration of premium payment
Single Pay, 5 Pay, 10 Pay or Regular Pay Choose between two plan options
Premier or Online
Death Benefit
(For in-force policies, provided the monies are not in discontinued policy fund)
IN the event of death of the life assured, the nominee will receive the death benefit which will be higher of the following:
- Fund value
- Sum assured less partial withdrawals
- 105% of total premiums paid excluding service tax.
Where, Sum Assured = Multiple * Annualized Premium (or Single Premium, as applicable)
Multiple is defined as below:
Single Pay: 1.25
Other pay options: 10 or (0.5 * chosen policy term) whichever is higher
Loyalty additions
Get Loyalty Additions every year from end of 6th policy year till maturity for both premier and online options, provided your policy is in force and all due premiums till date have been paid.
Create your own wealth plan
Select an investment option of your choice from
- Self-Managed Option
- Manage your investments directly.
- Switch amongst six funds, including two new funds – Multiplier Fund and Liquid Fund.
- Choose premium redirection depending up on your changing risk appetite and market conditions.
Systematic Transfer Option – Eliminate the need to time your investments in the market.
Maturity Benefit
(For in-force policies)
On survival of the Life Assured till the end of the policy term, total fund value is payable
