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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 account, is payable to the nominee.
If policyholder opts Cover plus, the death benefit equal to "Sum Assured + Value of the units" will be paid.
In case of minor lives risk cover starts from the age of 7 years last birth day or after 2 years from the date of commencement of policy, whichever is later. In case death occurs before commencement of risk the value of units will be paid as death benefit. |
Maturity Benefit
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On surviving up to the end of the term, the value of the units as on date of maturity will be paid to the policyholder.
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| Condition |
Limit |
| Minimum entry age |
0 years age last birthday |
| Maximum entry age |
60 years age last birthday |
| Maximum maturity age |
75 years age last birthday |
| Policy term |
10 or 15 or 20 years fixed |
| Minimum sum assured |
110% of Premium |
| Maximum sum assured |
Subject to underwritng considerations. |
| Minimum Premium |
: Rs.35,000, Rs. 70,000, and Rs. 55,000 for policy terms 10, 15 and 20 years respectively.
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| Maximum Premium |
: No Limit.
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