Savings with Protection Plans

Karur Vysya Bank offers various savings and protection insurance plans in association with Aditya Birla Sunlife Insurance Co ltd., Know in detail about the plans below.

Vision Life Income Plan

A traditional participating whole life insurance plan with 5% of the Sum Assured guaranteed plus a bonus every year after premium paying term.

  • Comprehensive financial protection for your family with whole life covers till age 100.

  • Premium rebates on high Sum Assured, Annual and Semi-annual modes of payment and ECS method of payment.

  • Access to suitable rider options for added protection, at a nominal extra cost.

  • Tax benefits under Section 80C, 80D and Section 10(10D) of the Income Tax Act, 1961(1). Tax benefits are subject to changes in the tax law, please consult your tax advisor for more details.

Income Assured Plan

A traditional non-participating life insurance plan.

  • Assured Income - 8% of the Sum Assured per annum, payable monthly, in arrear starting at each quarter after the completion of premium paying term till the maturity date in option A.

  • Guaranteed Additions will be added to the policy at the beginning of each quarter after the completion of the premium payment term, until the policy maturity date.

Guaranteed Milestone Plan

A non-linked non–participating life insurance plan.

  • Fully guaranteed benefits on death or maturity.

  • Guaranteed Additions that boost your corpus year on year.

  • Flexibility to cover your spouse also by choosing Joint Life Protection.

  • Flexibility to choose the policy term.

  • Flexibility to enhance your insurance cover with appropriate rider options.

Reach to your nearby KVB Branch to know more.

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