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| Event |
Maturity/death benefits payable |
Death Benefit
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In case of death before the end of the policy term, Sum Assured or the value of the units whichever is
higher in the Life Assured's unit account, is payable to the nominee. If policy holder opts Cover plus, the
death benefit equal to "Sum Assured + Value of the units" will be paid.
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Maturity Benefit
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On surviving up to the end of the policy term, the value of the units will be paid.
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Bonus Units
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Bonus units at the rate of 20% of annualized premium will be credited in the form of additional units at
prevailing NAV to the policyholders unit account at the end 5th and 10th policy years provided, all
premiums due up to end of 5th and 10th policy years have been paid.
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Surrender Benefits
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The policyholder can surrender his policy after the end of the third policy anniversary. Surrender Value
payable depends upon the premiums paid by the time of surrender .Detailed conditions and the charges
are given in charges section.
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Fund options and its investment portfolio
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The policy holders has an option to choose any one of the these funds(Conservator Gold, Maximus Plus, Guardian Plus) or a combination of the following
funds in a fixed percentage. The value of these investments may go up or down depending upon the
market conditions. Consequently the Net Asset Value of the fund may go up or down.
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| Condition |
Limit |
| Minimum age at entry |
0 years age last birthday |
| Maximum age at entry |
60 years age last birthday |
| Maximum maturity age |
75 years age last birthday |
| Minimum Policy Term |
10 years |
| Maximum Policy Term |
25 years |
| Premium Payment Term |
Same as policy term |
| Minimum sum assured |
5 * Annualized Premium |
| Maximum sum assured |
Subject to underwriting considerations |
| Minimum Annualized premium |
Rs:12,000/- and no limit for maximum |
| Premium payment modes |
Yearly, Half-yearly, Quarterly and Monthly.
(Monthly mode allowed through ECS only). |
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