|Policy Term (Years)||16||20||25||30|
|Minimum Entry Age of Life Insured (last birthday)||14 Years||14 Years||13 Years||12 Years|
|Maximum Entry Age of Life Insured (last birthday)||44 Years||40 Years||35 Years||30 Years|
|Maximum Maturity Age (last birthday) 60 years||60 Years||60 Years||60 Years||60 Years|
|Premium Paying Term (Years)||12||16||20||24|
|Minimum Sum Assured||Minimum Sum Assured Rs. 2,50,000 (multiple of 1,000)|
|Maximum Sum Assured||No Limit, subject to underwriting|
|Premium Payment Frequency||Annual, Semi-annual, Quarterly and Monthly*
* - (Modal Premiums: Monthly – 8.8% of annual premium; Quarterly – 26.0% of annual premium ; Semi-Annually – 51.2% of annual premium ; Annually – 100.0% of annual premium )
|Large Sum Insured Discounts||Discount of Rs 120 in premium is given per Rs. 50,000 sum assured exceeding Rs. 2,50,000.|
|Death Benefit||On death of the life assured, 100% of sum assured along with accrued bonuses till the date of death will be payable irrespective of total survival benefit paid till date of death.|
|Survival Benefit||On survival, Cash Back (as a %age of sum assured) will be payable at the end of various policy years as given in table below.
|Maturity Benefit||On survival till maturity, 40% of Sum Assured plus the accrued bonuses declared till maturity is payable as lump sum at the end of policy term.|
|Paid Up Value||If premium is not paid even after the grace period after first three policy years’ full premium payment then the policy may continue as a ‘Paid-up’ policy for a reduced Paid-up Sum Assured.
Where, Paid-up Sum Assured = (Number of premiums paid/ Number of premiums payable *Sum Assured)
Following benefits are payable on policy achieving paid-up status:
|Premium Discontinuance||On premium discontinuance before three years’ full premium payment, the policy will be lapsed and no surrender value or paid-up value will be payable.
On premium discontinuance after first three policy years’ full premium payment, the policy will continue as a paid-up policy for a reduced paid-up sum assured.
|Surrender Benefit||The Policy acquires surrender value provided that premium for at least three 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. Surrender value payable would be higher of guaranteed surrender value and special surrender value.|
|Policy Loan||Policy loan will not be available under the plan.|
|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|