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| Event |
Maturity/death benefits payable |
Death Benefit
|
Sum Assured together with the value
of the units to the credit
|
Maturity Benefit
|
On surviving up to the end of the term,
the value of the units to the credit
|
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 |
12 |
| Maximum age at entry |
60 |
| Minimum Annualized Premium |
Rs 10,000 |
| Minimum Installment Premium |
Rs 5,000 |
| Term of the Plan |
15 years |
| Minimum sum assured |
Half of the annual premium
multiplied by the policy term |
| Maximum sum assured |
15 times the annual premium
subject to underwriting considerations |
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