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| Event |
Maturity/death benefits payable |
Death Benefit
|
Sum Assured plus the value of the units
in the Life assured's account, is payable to the nominee. |
Maturity Benefit
|
On surviving up to the end of the term,
value of the units to the credit will be payable to
the policyholder. No cover is extended after the policy
term. |
Settlement Option
|
On surviving up to the end of the policy
term, instead of the maturity value, the policy holder
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 Years Age last birthday |
| Maximum age at entry |
60 Years Age last birthday |
| Minimum Annualized Premium |
Rs.10,000 |
| Minimum Installment Premium |
Yearly:Rs.10,000
Half Yearly:Rs.6,000
Quarterly:Rs.3,000
|
| Term of the Plan |
5 to 25 years |
| Minimum sum assured |
0.5*t* Annualized Premium or 5*Annualized Premium which ever is higher |
| Maximum sum assured |
Subject to
underwriting considerations |
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