|Minimum Entry Age (Last birthday)||18 years|
|Maximum Entry Age (Last birthday)||45 Years|
|Maximum Maturity Age (Last birthday)||60 Years|
|Policy Term||10 to 30 Years|
|Premium Paying Term (PPT)||
|Premium Payment Frequency||
|Minimum Premium||Rs. 6,968|
|Minimum Sum Assured||Rs 2,25,000|
|Maximum Sum Assured||No Limit, subject to underwriting|
|Discounts Available for||Discount per 50,000 SA exceeding Rs. 250,000|
|Higher Sum Assureds||
|Discount for Female Lives||
The maturity benefits comprises of two parts.
|Premium Discontinuance||On premium discontinuance before three years’ full premium payment, the policy will be lapsed and no surrender valueor paid-up value will be payable.
On premium discontinuance after first three policy years’ full premium payment, the policy will acquire paid-up status andpaid-up benefits as given below will be payable.
|Paid Up Benefits||
If the premiums for the first three policy years have been fully paid and at any point thereafter if the policy lapses (non-payment of premium within the grace period)then the policy will continue as a ‘Reduced Paid-up’ policy for a reducedSum Assured (Paid-up Sum Assured).
Paid-up Sum Assured will be calculated as given below: Paid-up Sum Assured = (Number of premiums paid/ Number of premiums payable) *Sum Assured.
On the policy being reduced paid-up, the benefits payable like Death Benefits, Maturity Benefit and Bonus are arrived at as per the terms and conditions of the policy.
|Surrender Benefit||The policy acquires surrender value if all the premiums have been paid in full for at least first three policy years.
Onsurrender, the surrender value, if any, will be immediately paid and policy will be terminated.
|Loan Benefit||Policy loan is available once it acquires surrender value. Maximum loan amount available is 90% of surrender valueoffered by the Company. Interest will be charged on the outstanding loan amount at a rate declared by the Company fromtime to time based on then prevailing market conditions and will be equal to “SBI Base rate(minimum rate at which SBIlends) + 1.75%”.|
|Enhanced Protection through Riders||A rider is an add-on provision to the base plan. Riders can help in making the plan more comprehensive by paying an additional premium. Riders can be added at the inception of the policy or at policy anniversary during the Policy Term subject to underwriting and terms and conditions of the riders and the product.
Following riders are available with this plan:
|Free Look / Grace Period||15 / 30 days|
|Grace Period||30 days|