All You Need To Know
Age limit
Age at entry: Minimum 18 years; maximum 55 years
Age at maturity: Minimum 30 years; maximum 70 years
Premium
Pay premiums as low as ₹ 500 a month or ₹ 5,000 a year
Payment term: Pay premiums for 8 years and enjoy cover for 12 or 15 years; pay premiums for 10 years and enjoy cover for 15 years
Ways to pay
Conveniently pay your premiums or renew your policy through multiple modes -- credit card, internet banking, cheque, auto debit facility
Policy term
Choose a policy term of 12 years or 15 years based on your needs
Bonuses
Enjoy Guaranteed Additions of 3% per annum in the first five policy years
Enjoy revisionary, interim and terminal bonuses, if any ( Bonuses are declared at the end of every year)
Sum assured
Sum Assured on Maturity - guaranteed amount payable on maturity of policy
Sum Assured on Death (for entry age up to 50 years) -Higher of Sum Assured on Maturity or 10 times annualised premium
Higher of Sum Assured on Maturity or 10 times annualised premium-7 times annualised premium
Tax benefit
Get tax benefits under 80C and 10 (10D) of the Income Tax Act, 1961
Maturity benefit
Receive Sum Assured on Maturity + Accrued Guaranteed Additions + Accrued Reversionary Bonuses + Interim Bonus (if any) + Terminal Bonus (if any)
Death benefit
Beneficiaries will receive higher of:
Sum Assured on Death + Accrued Guaranteed Additions + Accrued Reversionary Bonuses + Interim Bonus (if any) + Terminal Bonus (if any), or
105% of premiums paid till date
Get additional benefit (equal to the Sum Assured on Death) in the case of accidental death
Auto Cover Continuance
This is a special benefit that gets you:
For a reduced paid-up policy, the full death benefit shall continue for one year from the date of the first unpaid premium
The unpaid premium will not be deducted from the death benefit during the Auto Cover Continuance period
Commission related information