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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