Key Features

• Policy holder can buy new additional insurance coverage with their changing life stage needs
• The policy holder can Generate regular monthly income for their family in case they are not with them tomorrow
• Lower premium rates for Females and Non-smokers

Benefits

• Maturity Benefit

The policy terminates without any benefit on survival till maturity or on surrender of the policy

• Death Benefit

In case of death of the life assured Rs.10,000 will be paid per month for a period of 10 years starting from the next monthly anniversary following the date of death and acceptance of claim. Nominee also has the option to take the present value of the future payouts

• Tax benefit

The Premium(s) paid by you are eligible for tax benefit available under the provisions of Section(s) 80C, 80 CCC (1), 80D, 10(10D) as applicable.

Am I eligible?

PARAMETER	MINIMUM	MAXIMUM
ENTRY AGE	20 years	50 years
MATURITY AGE	-	60 years last birthday
SUM ASSURED	10,000 / month for 10 years	-
PREMIUM PAYMENT TERM	Equal to policy term
POLICY TERM	10 years
PAYMENT MODE	Yearly

What if?

I am unable to pay on time

• A grace period is provided based on the payment frequency. The policy is continued if you make the payment within the time period else the policy is lapsed.

I stop the payment

• On the completion of the grace period the policy will get lapsed and the benefits cannot be claimed on the death of the life insured

I wish to take a loan

• No loan options are available for this policy

Exclusions

Suicide Benefit

• In case of death due to suicide, within 12 months from the date of inception of the policy or within 12 months from the date of reinstatement, the nominee of the policyholder shall be entitled to 80% of the premium paid. The policy terminates upon payment of such benefit.