| Premium Payment Term | Benefit Payout Period | Policy Term |
|---|---|---|
| 8 years | 10 years | 18 years |
| 10 years | 10 years | 20 years |
| 12 years | 10 years | 22 years |
| 15 years | 10 years | 25 years |
All You Need To Know
ELIGIBILITY
Coverage
All Individuals (Male | Female | Transgender)
Benefit Options
At policy inception, You will have the option to choose from the below mentioned Benefit Options:
Short Term Income
Long Term Income Whole Life Income
The Benefit Option once chosen cannot be changed thereafter.
PPT, Benefit Payout Period and Policy Term (PT)
Short Term Income
Long Term Income:
| Premium Payment Term | Benefit Payout Period | Policy Term |
|---|---|---|
| 8 years | 20 | 25 | 30 years | 28 | 33 | 38 years |
| 10 years | 20 | 25 | 30 years | 30 | 35 | 40 years |
| 12 years | 20 | 25 | 30 years | 32 | 37 | 42 years |
| 15 years | 20 | 25 | 30 years | 35 | 40 | 45 years |
Whole Life Income
At inception, you have the flexibility to choose coverage till age 85 or age 100 years.
| Premium Payment Term | Benefit Payout Period | Policy Term |
|---|---|---|
| 8 years | Coverage till Age 85: 85 less (Age at entry + PPT), subject to a maximum of 30 years |
Coverage till Age 85: 85 less Age at Entry |
| 10 years | ||
| 12 years | Coverage till Age 100: 85 less (Age at entry + PPT), subject to a maximum of 30 years |
Coverage till Age 100: 100 less Age at Entry |
| 15 years |
The Policy Term once chosen at inception cannot be changed thereafter for all Benefit Options
Minimum Entry Age (age as on last birthday)
30 days*
* In case the Life Insured is a minor, the Policy will automatically vest once the life insured attains the age of majority. The risk coverage for the minors will start from the policy issue date.
Maximum Entry Age (age as on last birthday)
Short Term Income 60 Years
Long Term Income 55 Years
Whole Life Income 55 Years
Minimum Maturity Age
18 years
Maximum Maturity Age (age as on last birthday)
| Short Term Income and Long Term Income | Whole Life Income Till Age 100 | Whole Life Income Till Age 85 |
|---|---|---|
| 85 years | 100 years | 85 years |
Minimum Annualized Premium
Rs. 50,000
Maximum Annualised Premium
No Limit (subject to Board Approved Underwriting Policy)
Premium Payment Frequency and Frequency Loadings
Annual | Semi-Annual | Quarterly | Monthly
Benefit Payout Frequency
Annual | Monthly
*provided all due premiums are paid