| Event |
Maturity/death benefits payable |
Death Benefit
|
In case of death before attaining vesting age, the value of unitsin the policyholder's account will be paid.
|
Maturity Benefit
|
If the policy holder survives to teh vesting age, the policy holder will receive the fund value along with additional benefit "Pension Plus benefit ", He/She has to buy and immediate annuity plan from our company or any other life company approved by IRDA.Also the policy holder has an option to commute upto 1/3rd of the fund value for lump sum benefit and in such case, the policy holder has to purchase an immediate annuity with the balance of the fund value
|
|
| Condition |
Limit |
| Minimum entry age |
18 years age last birthday |
| Maximum entry age |
70 years age last birthday |
| Minimum vesting age |
45 years age last birthday |
| Maximum vesting age |
80 years age last birthday |
| Minimum Policy term |
10 yrs or "Minimum vesting age - Age at entry" whichever is higher subject to term can be 10, 15 and above |
| Maximum Policy term |
62 yrs or "Maximum vesting age- Age at entry" whichever is lower |
Maximum premium |
No limit |
| Sum Assured |
Nil |
|
| Policy Term |
Minimum Installment Premium |
| 10 Years |
Yearly Rs.20,000-
Half Yearly Rs.10,000/-
Quarterly Rs.5,000/-
Monthly Rs.2,000/- |
| 15 - 20 Years |
Yearly Rs.26,000-
Half Yearly Rs.14,000/-
Quarterly Rs.7,500/-
Monthly Rs.2,500/- |
| 21 - 25 Years |
Yearly Rs.15, 000/-
Half Yearly Rs.8,000/-
Quarterly Rs.4,000/-
Monthly Rs.1,500/- |
| 26 - 30 Years |
Yearly Rs.10, 000/-
Half Yearly Rs.6,000/-
Quarterly Rs.3,000/-
Monthly Rs.1,000/- |
| 31 - 40 Years |
Yearly Rs.8, 000/-
Half Yearly Rs.4,200/-
Quarterly Rs.2,100/-
Monthly Rs.700/- |
| Above 40 Years |
Yearly Rs.6, 000/-
Half Yearly Rs.3,000/-
Quarterly Rs.1,500/-
Monthly Rs.600/- |
|
