Key Features

• Enjoy hassle-free enrolment by simply providing your Name and Aadhar number.
• Pay your premium through monthly, half yearly or yearly mode as per your convenience for a period of 10 or 15 years.
• Secure your family financially as we pay out a lump sum death benefit to the nominee in case of the life assureds’ untimely demise.
• Build your corpus systematically as we add a guaranteed minimum floor rate of 1.0% per annum on the account value during the plan term
• Avail easy access to your funds after five years through partial withdrawal any time during the plan year without any charge.

Benefits

• Tax Benefits:

Enjoy tax benefits on the premium you invest under Section 80C of Income Tax Act, 1961. Your family members also get benefits without any applicable Tax, in case of demise of the life assured under Section 10(10) D of Income Tax Act, 1961.

• Death Benefit:

In case of untimely event of the life assured’s demise, while the plan is in force with life cover, we will pay a lump sum amount to the nominee / appointee / legal heir as the case may be. The lump sum amount is equal to the higher of the following:
1) Sum Assured or
2) 105% of total premiums paid including top-up premiums, if any paid till the date of death or
3) Total premiums including top-up premiums paid till date of death compounded at 1% p.a. or
4) Account Value

• Maturity Benefit:

On maturity, you will receive a lump sum amount equal to the higher of
1) Total premiums paid including top-up premiums paid less partial withdrawal (with time value) made, if any compounded at 1% per annum till the date of Maturity or
2) Accumulated Account Value.