Apart from the hospitalisation cover the investor will also be receiving a regular annuity from the age of 58. Further, the investor can also have a lumpsum savings - referred to as the residual amount which could be withdrawn after 61. Launched in 1964, the scheme is trusted by over 2 crore unit holders all over the world. It is an open ended scheme. The scheme offers perfect blend of various benefits such as attractive income, capital appreciation, ready liquidity together with additional additional benefits by way of special offers, as also tax benefits.
Investment made in the Scheme grows through accumulation of bonus units.
The rate of accumulation of bonus units is declared every year. After the child completes 18 years of age, returns will be distributed by way of scholarship in chosen number of instalments.