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 Benifit Illustration
|
| Event |
Maturity/death benefits payable |
| On death during the policy term |
Sum Assured and vested bonuses, will
be paid and 1% of the sum Assured will be payable monthly
till the end of the policy term. |
Guaranteed
Benefit
|
25% of the Sum Assured will be paid
at the end of each year during the last four consecutive
years of the policy term if the life assured dies or
survives the term, i.e., at the end of n-3, n-2, n-1
and n years, where n is the policy term |
| On survival up to the
end of the policy term |
Vested bonus will be paid at the end
of the policy term |
| Bonus: Simple reversionary bonus will accrue during the policy term. |
|
| Condition |
Limit |
| Minimum age at entry |
18 |
| Maximum age at entry |
50 |
| Maximum age at maturity |
70 |
| Minimum policy term |
10 years |
| Maximum policy term |
20 years |
| Minimum sum assured |
Rs. 50,000 |
|
| Payment mode |
Rebate |
| Yearly |
1.5% of the tabular
premium as rebate |
| Half-yearly |
0.75% of the tabular
premium as rebate |
| Sum Assured |
Rebate |
| Below Rs. 1,00,000 |
Nil |
| Rs. 1,00,000 to Rs. 1,99,000 |
Re. 1 per thousand |
| Rs. 2,00,000 to Rs. 2,99,000 |
Rs. 2 per thousand |
| Rs. 3,00,000 and above |
Rs. 3 per thousand |
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