A Refundable Term Insurance (RTI) policy returns 100% of the premiums paid at the end of the 15-year term.
The Refundable Term Insurance (RTI) rider is ideal for individuals who prefer low-risk options, are comfortable with higher monthly premiums, and want to protect their families while ensuring they receive their full premium amount back after 15 years.
Unlike many refundable plans available in the market, Fidelity’s Refundable Term Insurance is renewable, giving policyholders the option to purchase another 15-year plan or switch to any other type of insurance.

Benefits

• 100% of Premiums Refunded: If you outlive a term plan with RTI, the policy refunds all premiums paid as survival or maturity benefit. You can use this amount to fulfil any major financial requirement.
• Builds a Savings: When you survive the term, the maturity benefit functions like a retirement plan, allowing you to reinvest it to address your retirement needs.
• Assures Financial Security: If the policyholder dies before the policy matures, the full sum assured is paid to the beneficiaries, and the policy is then terminated.
• Guaranteed Renewability: At the end of the period, you have the option to convert to a 5-Year Renewable Term or purchase another 15-Year Refundable Term Insurance policy.
• Flat Rate: The premium for the RTI remains constant for the entire duration of the policy