Key Features

• Option to choose death benefit from the available 2 options

o Regular benefit every month for next 5 years
o Inbuilt Accidental Death Benefit in Policy Term available to cover up to age 75 years in Tax benefits available as per prevailing tax laws.

Benefits

• Maturity Benefit

No maturity benefit payable under this plan.

• Death Benefit

The death benefit is quantified in terms of the Total Sum Assured which is calculated as the sum of Lump-sum Sum Assured and Income Benefit Sum Assured. In case of death of the Life Assured during the Policy Term, provided all due Premiums have been paid, the nominee will receive the Total Sum Assured which shall be payable in the following manner:
1) Lump-sum Sum Assured will be paid immediately
2) 1.2% of the Income Benefit Sum Assured will be paid monthly for 100 months.

• 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.

• Terminal Illness Benefit

On diagnosis of any terminal illness an amount equal to 25% of the Total Sum Assured will be paid immediately as a lump-sum. Subsequently the total death benefit will be reduced by the amount equal to the benefit paid under this clause.

Am I eligible?

PARAMETER	MINIMUM	MAXIMUM
ENTRY AGE	20 years completed;30 years last birthday for 10 year policy term	65 years last birthday
MATURITY AGE	-	75 years last birthday
SUM ASSURED	Rs. 10,00,000	No limit
Premium	Rs. 2,390 p.aa
PREMIUM PAYMENT TERM	equal to policy term
POLICY TERM	10/15/20/25/30/35/40 years
PAYMENT MODE	Annual, Half-yearly, 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