|Minimum Entry Age||18 years|
|Maximum Entry Age (Last birthday)||75 Years|
|Minimum Maturity Age (Last birthday)||45 Years|
|Maximum Maturity Age (Last birthday)||85 Years|
|Policy Term (PT)||10-67 Years|
|Premium Paying Term (PPT)||
|Premium Payment Frequency||Single Pay, Annual, Semi-annual, Quarterly, Monthly|
Single Pay: Rs. 45,000
Death benefit during and after PPT is Higher of
|Guaranteed Loyalty Additions||
For annualized premiums of Rs. 45,000 and above, Guaranteed Loyalty Additions, as a percentage of average of last 60months’ fund value, is added at the end of 10th policy year and every 5th policy year thereafter till maturity.
TheGuaranteed Loyalty Additions percentage is given below:
|Single Pay Enhancers||
For Single Pay policies, Guaranteed Enhancers equal to 0.25% of last 12 months’ average Fund Value, is added at the end of every policy year from 6 policy year onwards till maturity.
Single Pay Enhancers will be added to the Fund Value on the last day of the respective policy year.
Single Pay Enhancer additions are in addition to Guaranteed Loyalty Additions and are applicable only for Single Pay policies.
|Non Negative Claw Back Addition||
The policy is eligible for non-negative claw-back addition at the time of exit if the reduction in yield at the time of exit is
greater than the maximum reduction in yield allowed at that time. The extent of claw-back addition will depend on theactual gross yield of the chosen fund achieved at the time of exit for each policy respectively.
The claw-back addition, ifrequired will be added to the fund value, to ensure compliance with the regulatory criteria of maximum reduction in yieldfrom 5th policy anniversary onwards.
If the surrender request is received before the completion of first 5 policy years, the fund value net of discontinuance
charge shall be credited to the discontinued policy fund and the proceeds will be available only at the end of lock inperiod. At the end of lock in period, the policyholder can exercise any one of the options as mentioned below to utilizethe proceeds from surrender.
If the surrender request is received after the completion of first 5 policy years, the policyholder shall be entitled to the fund value. The policyholder can utilize the proceeds as per the options available under this plan.
|Rider Benefits||No Rider Benefits available with this plan.|
|Loan Benefit||No Loan Benefit Available with this plan.|
|Free Look / Grace Period||15 / 30 days|