|Entry Age Minimum||Minimum - 13 year last birthday
Maximum - 50 years last birthday, Policy Term 10 - 20 years
|Maturity Age||Minimum - 18 year last birthday
Maximum - 65 years last birthday
|Policy Term||10 – 20 years|
|Premium Payment Term (PPT)||5 / 7 / 9 years|
|Premium Payment Mode||Yearly, Half-yearly and Monthly|
|Benefits under POS GRIP|
|Guaranteed Death Benefit||In the unfortunate event of death of Life Assured, Sum Assured
on Death along with accrued Guaranteed Additions will be
payable to the beneﬁciary. Sum Assured on Death is deﬁned
as the Highest of:
|Maturity Benefit||The insured will receive the Guaranteed Maturity Beneﬁt at end of the Policy Term, provided all due premiums have been paid and your policy is in force. Guaranteed Maturity Beneﬁt is
|Surrender Benefit||It is advisable to run the policy for it’s complete tenure, however if in case if the insured still decides to surrender their Policy, the Policy will acquire Guaranteed Surrender Value after premiums have been paid for at least 2 full years.
|Waiting Period||The product has a 90 day waiting period from the date of inception of the policy within which, if death occurs (other than due to accident), the beneﬁciary will receive 100% of the premiums paid till the date of death (excluding any taxes).
During this waiting period the Guaranteed Death Beneﬁt will not be payable.
|Free Look Period||15 days|
|Grace Period||15 days|