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| Event |
Maturity/death benefits payable |
On death during the policy term
|
Sum assured and the value of the units in the life assured's
account, is payable to the nominee. |
On survival up to the end of policy term
|
Value of the units to the credit will
be payable.
|
Settlement Option
|
On surviving up to the end of the policy
term, instead of the maturity value, the Policyholder
can opt to withdraw the units in his credit in not more
than 5 installments, within a period of five years from
the date of maturity, at the prevailing Net Asset Value
at the time of each installment. |
|
| Condition |
Limit |
| Minimum age at entry |
7 |
| Maximum age at entry |
50
If the Life Assured is a minor on the date of commencement
of the policy, risk cover starts after two years from
the date of commencement of policy or from the date
the Life Assured attains majority, whichever is earlier. |
| Duration of the Plan |
15 (Fixed) |
| Minimum Single Premium |
Rs. 30,000 |
| Premium Paying Frequency |
Single |
| Minimum sum assured |
Rs. 1,50,000 (5 times
the Single Premium) |
| Maximum sum assured |
Subject to underwriting
considerations. |
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