Benefits

The Maturity benefit is paid yearly @ 150% of the annual premium form the 10^th year to 17^th year

On death of the policyholder, guaranteed payouts as mentioned above will accrue as and when they fall due and future premiums are waived off.

The nominee may avail the Cash value of the death benefit prior to the end of the term where the value will be higher of 10 times the annual premium of 105% of all premiums paid discounted @ 10%.

Income tax benefit on the premium paid as per Section 80C and on the claims received as per Section 10(10D) of the Income Tax Act.

Product Specification:

Minimum

Maximum

Entry Age (Last Birthday)

8 years

50 years

Maturity Age (Last Birthday)

60 years

Policy Term (PT) in years

Premium Paying Term (PPT) in years

Premium Paying Frequency

Annual, monthly

Premium

20,000

300,000

Sum Assured

10 * Annual Premium

Policy Details

Grace period: 30 days’ grace period is allowed for premium payment. If policyholder fails to make payment within the grace period, the policy lapses

Policy termination or Surrender Benefit: the policy acquires a Surrender Value if one full year’s premium has been paid. The Surrender Value will be higher of the Guaranteed Surrender Value or the Special Surrender Value.

GSV = (GSV% * total premiums paid)

Free look period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.