| Eligibility Conditions | Minimum | Maximum | ||
|---|---|---|---|---|
| Entry Age (last birthday) | 0 years | 45 years (for Premium Paying term less than 10 years) 50 years (for Premium paying term greater than equal to 10 years) |
||
| Maturity Age (last birthday) | 18 years | 70 years | ||
| Policy Term | 10 years | 20 years | ||
| Premium Paying Term | ||||
| Limited | 5 years | Policy Term minus 1 | ||
| Regular | Equal to policy term | Equal to policy term | ||
| Sum Assured | Higher of (10, Policy Term/2) X Annualised Premium | Higher of (10, Policy Term/2) ) X Annualised Premium | ||
| Top-up Sum Assured (based on attained age) | 1.25 x Top-up Premium | 1.25 x Top-up Premium | ||
| Annualised Premium | Policy Term | PPT (₹) | No Limit | |
| 5 – 9 years | >=10 years | |||
| 10-14 years | 48,000 | 36,000 | ||
| 15-19 years | 36,000 | 30,000 | ||
| 20 years | 24,000 | 18,000 | ||
| Top up Premium | ₹5,000 | Top up Premium At any point of time the total top-up premiums paid shall not exceed the total of the base premiums paid at that point of time. | ||
| Death Benefit | Regular Policy
In case of unfortunate demise of Life Insured while the Policy is In-Force, the Death Benefit payable to the nominee will be – Higher of: — Fund Value or — Sum Assured less Relevant Partial Withdrawals or — 105% of total premiums paid (+) Higher of: — Top-up Fund Value; or — Top-up Sum Assured; or — 105% of total Top-up Premiums paid. Reduced Paid Up Policy In case of unfortunate demise of Life Insured while the Policy is Force, the Death Benefit payable to the nominee will be – Higher of: — Fund Value or — Paid Up Sum Assured less Relevant Partial Withdrawals or — 105% of total premiums paid (+) Higher of: — Top-up Fund Value; or — Top-up Sum Assured; or — 105% of total Top-up Premiums paid. |
| Loyalty Additions |
The Loyalty Additions are applicable for premium paying term greater than or equal to 10 years. Starting from the end of 10th policy year and applicable every year till the end of the premium paying term, Loyalty Additions will get added to the insured’s Fund Value. This will be done at 0.11% of last 12 month's average of daily fund value (Including Top-up Fund Value) |
| Booster Additions | Booster Additions are added at the end of 15th policy year and 20th policy year as follows:
Booster Additions will not be added if the Policy is in the Reduced Paid-Up status and during the Revival Period. In case of Revival of the Policy, Booster Additions, will commence from the end of the Policy Year in which the Policy is revived. |
| Return of Mortality Charge | On survival till maturity date, the total Mortality Charges (excluding extra mortality charges due to sub-standard life and taxes as applicable) deducted during the Policy Term will be added to the fund value at the maturity date. The Return of Mortality Charge is subject to following conditions:
|
| Maturity Benefit | At the end of the Policy Term, on survival the insured will receive the Fund Value as your Maturity Benefit. They have an option to collect your Maturity Benefit in lump sum or in instalments (yearly, half-yearly, quarterly or monthly instalments)) by choosing an appropriate Settlement Option. |
| Surrender Benefit | At any time during the Policy Term, the insured can choose to surrender the Policy.
|
| Equity Large Cap Fund | To provide high equity exposure targeting higher returns in the long term. |
| Equity Top 250 Fund | To provide equity exposure targeting higher returns (through long term capital gains) |
| Equity Mid-Cap Fund | To provide equity exposure targeting higher returns in the long term, by largely investing in Midcap Companies |
| Managed Fund | This fund uses the expertise of the Company's fund manager to decide on the asset allocation between Equity and Debt / Money market instruments along with stock selection. |
| Bond Fund | To provide relatively safe and less volatile investment option mainly through debt instruments and accumulation of income through investment in fixed income securities. |
| Equity Blue Chip Fund | The objective of the fund is to provide long-term capital appreciation by predominantly investing in an equity portfolio of large cap stocks. |
| Gilt Fund | This fund will aim to provide accumulation of Income and capital appreciation through investments predominantly in Government Securities |
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