| Death Benefit |
In case of an unfortunate demise of the Life Assured during the Policy Term, the nominee receives highest of
- Total Sum Assured on death or
- Total Fund Value or 105% of all the premiums paid.
Where, Total Sum Assured on death = Base Sum Assured on death + Top-Up Sum Assured on death (if any), Total Fund Value = Base Fund Value + Top-Up Fund Value (if any).
|
| Maturity Benefit |
On Maturity, the insured will receive the Total Fund value as on the maturity date.
|
| Loyalty Units |
In case the insured opts for Policy Term of 15 / 20 / 25 years and if all due premiums have been paid, the policy will be eligible for Loyalty Units in the last 5 policy years. Each Loyalty Unit addition will be calculated as a percentage of the average Base Fund Value on the preceding 48 monthly anniversaries of your policy (as per the table below). The loyalty units will be allocated proportionately to each segregated fund existing on the date of loyalty unit allocation.
- 5 / 7 years : 1.70%
- 10 years / Equal to Policy Term : 1.80%
|
| Partial Withdrawal |
During the Policy Term, the insured may need money to fulfil certain urgent goals. The partial withdrawal facility gives the insured the option to withdraw money from your 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 flexibility to make up to four partial withdrawals in each Policy Year free of charge.
|
| Premium Redirection |
This feature allows the insured to alter the premium allocation to be applied to your future premiums and Top-Ups.
|
| Switch |
This feature helps the insured to shift investments from one fund to another. Four switches are allowed free of charge in each Policy Year. Any additional switches will incur charges as per terms and conditions of the plan.
|
| 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 your 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 you want to boost your Fund Value at their convenience. Payment of Top-Up premium will also increase your Policy Sum Assured, thus enhancing the insurance cover on the life of the insured. |
| 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 |
