 |
PDF Download
|
| Event |
Maturity/death benefits payable |
Death Benefit
|
Sum Assured or the value of the units
whichever is higher 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.
|
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 |
20 |
| Maximum age at entry |
60 |
| Premium Payment period |
3 years |
| Duration of the Plan |
5 to 15 years |
| Minimum sum assured |
0.5*t*Annualized Premium
or 1, 25,000/- (i.e., 5*Annualized Premium), whichever
is higher, where t is the policy term. |
| Maximum sum assured |
Subject to underwriting
considerations. |
|
|
|
|