Key Features

• Immediate payout
• Lump sum amount at the end of the policy term
• Tax Benefit under Section 80C and Section 10(10D) of Income Tax Act, 1961

Benefits

• Maturity benefit

At the end of the Policy tenure, guaranteed matured benefit, vested bonuses and 100.1% of total premium if any would be paid as Maturity Benefit and the policy would terminate.

• Death benefit

In case of death of the Life Insured within the Policy Tenure, the nominee gets the higher of: Sum Assured on Death + Bonuses + Minimum Death bonus (if any) and 105% of the premiums paid till date as Death Benefit and the policy would be terminated.

• Tax benefit

Life Insurance premiums paid up to Rs. 1, 50,000 are allowed as a deduction from the taxable income each year under section 80C.

Am I eligible?

PARAMETER	MINIMUM	MAXIMUM
ENTRY AGE	0	60
POLICY TERM	15	20
AGE OF MATURITY	18	80
SUM ASSURED	7 TIMES SUM ASSURED	NO LIMIT
PREMIUM PAYEMENT TERM	5	10
PAYMENT TERMS	ANNUAL, HALF-YEARLY, MONTHLY

What if?

• I am unable to pay on time

If the policy holder stops paying the premium, then all benefits of the policy will stop after the grace period ends. The policy can be reinstated within 2 policy years from the date of discontinuance after paying all the unpaid premiums.

• I stop the payment

If minimum of 3 years premium is paid for a policy, then the policy is converted to Guaranteed Surrender value else the policy is lapsed.

• I wish to take a loan

If policy has acquired surrender value a loan amount of up to 80% of the surrender value can be availed.

Exclusions

• If the life assured, commits suicide, within a year of policy start 80% of the premiums paid, will be given to nominee. In case of suicide within one year from revival date, 80% of premiums paid or surrender value, whichever is higher would be paid and the policy will terminate.