Key Features

• Husband and wife both are covered in a single plan
• Lump sum paid on death of either (you or your spouse) of the lives
• Regular monthly income
• Additional payout on Accidental Death
• Inbuilt Terminal Illness Benefit i.e. 25% advance payment on diagnosis of terminal illness
• Waiver of Premium on Critical Illness through a rider

Benefits

• Maturity Benefit

No maturity benefit payable under this plan.

• Death Benefit

In case of unfortunate demise of either of the lives during the policy term, the benefits payable to the surviving life:
1) 100% Sum Assured paid as lump sum immediately
2) Monthly payment of 1.75% of Sum Assured for a period of 60 months commencing from next monthly policy anniversary

The policy will terminate after the payment of all monthly income benefits. The surviving life will not have the option to take discounted value of the Monthly payments

• 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.

• Accidental Death Benefit

In case of accidental death of either of the lives, in addition to the death benefit mentioned above, 50% of Sum Assured will also be paid out as lump sum to the surviving life; however the accidental death benefit will be restricted to `100 lakhs.

Am I eligible?

PARAMETER	MINIMUM	MAXIMUM
ENTRY AGE	21 years	60 years
MATURITY AGE	-	65 years
SUM ASSURED	Rs.25,00,000	No limit
PREMIUM PAYMENT TERM	equal to policy term
POLICY TERM	5 - 65 years
PAYMENT MODE	Yearly, Half-yearly, Quarterly and monthly

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

• If death occurs due to suicide within 12 months from the date of commencement of risk of the Policy, the death benefit is refund of at least 80% of the premium(s) paid provided the Policy is in-force. If death occurs due to suicide within 12 months from the date of revival of the Policy, the death benefit is higher of 80% of the premiums paid till the date of death or the Surrender Value available as on the date of death.

Exclusions for Terminal Illness

The benefit under this clause will not be payable if Terminal Illness arises directly or indirectly as a result of any one or more of the following:

• Infection with Human Immunodeficiency Virus (HIV) or conditions due to any Acquired Immune Deficiency Syndrome (AIDS)

In case a Terminal Illness claim is not payable due to the above exclusions, the policy will continue with the applicable death cover

Exclusions for Accidental Death Benefit:

You will not be entitled to any accidental death benefit in case of accident directly or indirectly due to or caused, occasioned, accelerated or aggravated by any of the following:

• Suicide or self-inflicted injury, whether the life assured is medically sane or insane
• War, terrorism, invasion, act of foreign enemy, hostilities, civil war, martial law, rebellion, revolution, insurrection, military or usurper power, riot or civil commotion. War means any war whether declared or not.
• Taking part in any naval, military or air force operation during peace time.
• Committing an assault, a criminal offence, an illegal activity or any breach of law with criminal intent.