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| Event |
Maturity/death benefits payable |
Death Benefit
|
In case of death before the end of
the policy term, Sum Assured together with the value
of units in the policyholder's account will be paid
and 1% of the sum Assured will be payable monthly from
the end of the month of death till the end of the policy
term. Further one Sum Assured will be payable at the
end of the policy term. |
Maturity Benefit
|
On surviving up to the end of the 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.
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| Condition |
Limit |
| Minimum age at entry |
20 |
| Maximum age at entry |
45 |
| Duration of the Plan |
5 to 20 years |
| Minimum Installment Premium |
Rs.12, 000/- for Yearly.
Rs.7, 500/- for Half Yearly.
Rs. 4000/- for Quarterly. |
| Minimum sum assured |
0.5*t*Annualized Premium
or 5*Annualized, whichever is higher, where t is the
policy term. |
| Maximum sum assured |
Subject to underwriting
considerations. |
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