| Entry Age of Life Insured (last birthday) | 5 to 55 years | ||||||||||||
| Maximum Maturity Age (last birthday) | 80 years | ||||||||||||
| Policy Term | 15/ 20/ 25 years | ||||||||||||
| Premium Paying Term (PPT) | 15 years | ||||||||||||
| Premium Payment Frequency | Annual, Semi-annual, Quarterly and Monthly | ||||||||||||
| Minimum Premium | Annual: Rs 7,326, Semi-annual: Rs 4,000, Quarterly: 2,500, Monthly: Rs 1,000 | ||||||||||||
| Minimum Sum Assured (SA) | Rs 200,000 | ||||||||||||
| Maximum Sum Assured | No Limit, subject to underwriting | ||||||||||||
| Discounts available |
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| Death Benefit | Sum Assured payable when death of life assured has been confirmed |
| Maturity Benefit | Sum Assured payable at the end of the Policy Term |
| Paid Up Value | If premium is not paid even after the grace period after first two policy years’ full premium payment then the policy may continue as a ‘Paid-up’ policy for a reduced Sum Assured (Paid-up Sum Assured). Paid-up Sum Assured will be calculated as given below: Paid-up Sum Assured = Sum Assured * (Number of premiums paid/ Number of premiums payable). Under reduced paid-up, Paid-up Sum Assured will be payable either on death or maturity whichever is earlier. |
| Surrender Value | The Policy can be surrendered provided that at least premium for two policy years has been paid by the policyholder. On surrender anytime, surrender value, if any, will be immediately paid and policy will be terminated. The surrender value payable is higher of the Guaranteed Surrender Value (GSV) and Special Surrender Value (SSV). |
| Policy Loan | The Policy can be surrendered provided that at least premium for two policy years has been received in full by the Company. On Surrender the surrender value, if any, will be immediately paid and policy will be terminated. The surrender value payable is higher of the Guaranteed Surrender Value (GSV) and Special Surrender Value (SSV). |
| Policy Loan | Policy loan is available once it acquires surrender value. Maximum loan amount available is 90% of surrender value offered by the Company. Interest will be charged on the outstanding loan amount at a rate declared by the Company from time to time based on then prevailing market conditions and will be equal to “SBI Base rate (minimum rate at which SBI lends) + 1.75%”. Charged interest rate will be applicable for new loans only. For reduced paidup policies if at any point of time outstanding loan amount and accumulated interest equals or exceeds surrender value, then the policy shall be terminated without value. On death of the life assured, maturity or surrender of the policy the outstanding loan amount and accumulated interest will be recovered from the benefit payable and rest of the benefit amount will be paid. |
| 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:
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| Free Look / Grace Period | 15 / 30 days |
Review Edelweiss Tokio Safe n Sure Plan Plan brochure to understand coverage details.
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