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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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Unit Plus
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For Terms 15 and 20 years:
30% of basic Annualised premium will be added to the Policyholder's Unit Account in form of additional Units at the end of 10th policy year provided all the premiums due up to end 10 years have been paid.
A Policy lapsed on or before 10th policy year and is revived within the revival period shall also be eligible for this addition as and when due.
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Maturity Plus
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For Term 10 Years:
30% of basic Annualised Premium will be paid to the Policyholder at the time of Maturity along with the Maturity Benefit.
For Term 15 and 20 years:
50% of basic Annualised Premium will be paid to the Policyholder at the time of Maturity along with the Maturity Benefit.
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Note: Unit Plus and Maturity Plus are based on the annualized premium opted at the point of inception.
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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 |
| Premium payment term |
5 or 8 or 10 years for 10 or 15 or 20 year terms respectively |
| Minimum sum assured |
5 × Annualized Premium |
| Maximum sum assured |
Subject to underwriting
considerations. |
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| Policy Term |
Minimum Installment Premium |
| 10 Years |
Yearly Rs.30, 000/-
Half Yearly Rs.16,500/-
Quarterly Rs.8,500/-
Monthly Rs.3,000/- |
| 15 Years |
Yearly Rs.25, 000/-
Half Yearly Rs.13,000/-
Quarterly Rs.7,000/-
Monthly Rs.2,500/- |
| 20 Years |
Yearly Rs.20, 000/-
Half Yearly Rs.12,000/-
Quarterly Rs.6,000/-
Monthly Rs.2,000/- |
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