| Death Benefit |
In case of the unfortunate demise of the Life Assured during the term of the policy, the nominee will receive the Sum Assured and Fund Value. The death benefit will be at least 105% of the premiums paid.
|
| Increase in Sum Insured Optional Benefit |
The insured has the flexibility to opt for increase in your policy Sum Assured during the Policy Term. Any such increase will be subject to Board approved underwriting rules of the Company and maximum Sum Assured allowed under the plan. This option is not available during the revival period. At certain stages in life such as marriage or child birth the insured’s responsibility towards the family increases, and he/she may want to increase the available life cover. In such cases, this Plan allows the insured to increase the life cover without the hassles of undergoing medical check-up or filling up any health related questionnaire. Under this option, the Sum Insured you can increase the life cover up to 50% of the original base Policy Sum Assured or ₹10 lakh (whichever is lower), subject to certain conditions at the time of issuance of the policy.
Reduction in Sum Assured is not allowed.
|
| Invest Protect Option |
If the insured opts for Invest Protect, it will not only help in gaining from their investment but also minimize the risk to the returns as the policy nears maturity. It aims to protect the insured’s money by systematically shifting the Fund from Accelerator Fund to Secure Fund during the last 3 policy years.
|
| Maturity Benefit |
On maturity, the insured will receive the Fund Value (including Top up Fund Value, if any) existing on the maturity date. If he/she does not wish to take the entire maturity amount at one go, they can avail of the Settlement Option.
|
| Settlement Option |
This facility may be availed in case the insured wishes to remain invested in the fund(s) beyond the Policy Maturity date. Under this option they will receive the maturity proceeds in instalments over a period you choose (not exceeding 5 yearsfrom maturity date), with the first instalment being paid on the date of Maturity.
|
| Liquidity through Partial Withdrawal and Systematic Partial Withdrawal |
During the Policy Term, one may need money to fulfill certain urgent financial goals. The Partial Withdrawal facility gives the option to withdraw money from the Fund Value after first 5 policy years. The maximum amount of partial withdrawal allowed in any policy year is 20% of the fund value at the beginning of that policy year. The insured has the flexibility to make up to four partial withdrawals in each policy year free of charge.
Systematic Partial Withdrawal is an additional flexibility available to the insured by which the insurance company redeems units periodically from your unit account and credit the money to the insured’s bank account. One can opt for systematic partial withdrawal frequency: monthly, quarterly or annual for the duration choosen.
|
| Top Up |
A Top-Up premium is an additional amount of premium over and above the contractual basic premiums with a minimum amount of ₹5,000. The insured can top-up their premium anytime except from the last 5 policy years. At any point of time during the policy term, the total Top-Up premiums paid shall not exceed the total regular premiums paid to date. Top ups allow the insured to contribute additional premiums if and when they want to boost the Fund Value at their convenience. Payment of top up premium will also increase your policy Sum Assured, thus enhancing the insurance cover on the insured’s life. |
| Surrender Benefit |
The insured can surrender the policy any time. However, if the policy is surrendered in the first 5 years, then the Fund Value less applicable Discontinuance charges will be transferred to the Discontinuance Policy Fund and proceeds of Discontinuance Policy Fund will be paid after completion of the first 5 policy years.
If one chooses to surrender the policy after the first 5 policy years, the fund value of the policy will be paid to the insured. A policy once surrendered, cannot be revived. |
| Grace Period / Free Look Period |
Both are 15 days |
| Fund Name |
|
| Blue Chip Equity Fund |
The Fund objective is to provide long-term capital appreciation by investing in a diversified equity portfolio consists of predominantly large cap companies with strong financials, quality management and market leadership. |
| Accelerator Fund |
This fund will invest in equities of various sectors to diversify the portfolio and generate attractive returns in the long term. It also has the flexibility to invest in fixed interest assets and money market instruments up to 20% each. |
| Opportunity Fund |
This fund will aim to provide a long term wealth generation by actively managing a diversified equity portfolio, predominantly comprising of stocks with market capitalization between INR 5,000 crore to INR 15,000 crore. The fund will also have the flexiblity to invest in fixed interest assets and money market instruments upto 20%. |
| Stable Fund |
This fund will aim to maintain a balance between equity and debt exposure to have a stable and attractive long term return. It will also shift allocation between debt and equity to gain from asset price movements over medium to long term. |
| Secure Fund |
This fund will aim to generate income consistent with high levels of liquidity while protecting the capital. It will invest in a diversified portfolio of money market instruments & other short term fixed interest securities. |
| Debt Fund |
This fund will aim to generate attractive returns by investing in a diversified portfolio of government debt, corporate debt, money market instruments and other fixed income securities of varying maturities |
