About the Plan

Our Smart Lifelong plan is unit linked life insurance plan with the objective of wealth creation along with providing whole life coverage - uptill 99 years of your age . This plan has been designed to help you fulfill various life stage needs/ responsibilities so that through life you can grow in the right direction by making the right choice.

Eligibility Criteria Minimum Maximum
Entry age (Life Assured) 7 years 65 years
Premium Paying Modes Monthly and Annual
Policy Term Up till age 99
Premium Payment Term 10 years 99 - (Age at entry)
Premium Monthly Mode*: ` 3000 p.m.
Annual Mode: ` 25000 p.a.
No Limit
Sum Assured For ages below 45 years: 0.5 X T X Annualized Premium#
Where T=70-age at entry

For ages 45 years and above: You can choose Sum Assured between
7-10 times of Annualized Premium

*Please note that it is mandatory to pay first 3 month's premium in advance if you have chosen monthly mode of premium payment.

#Annualized premium is the sum of total due premium(s) in a policy year during premium payment term.

In this policy, the investment risk in Investment Portfolio is borne by the policyholder.

The Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender/withdraw the monies invested in Linked Insurance Products completely or partially till the end of the fifth year.


    Life is all about the choices you make to fulfill your responsibilities. And with every choice you make your biggest concern is whether you have taken the right decision.

    The plan offers

    • Long Term Protection: This plan provides life coverage till 99 years of Life Assured's age.
    • Premium Payment Term: You can choose a premium paying term (10 years or more) to suit your earning capacity.
    • Switching and Redirection: You have the option of switching and redirection between the fund options to take advantage of market movements or change in risk preference.
    • Partial Withdrawal: You can withdraw money from your fund in case of financial emergency through Partial Withdrawal from 6th policy year onwards.
    • Increase/Decrease of Sum Assured: You can increase or decrease your sum assured, depending on your changing needs, from the 6th policy year onwards subject to minimum and maximum sum assured limits stipulated under this plan.
    • Auto Funds Rebalancing: You can maintain allocation of your investments in a specific proportion across funds, irrespective of market movements.

    Death Benefits

    In the unfortunate event of your death while your policy is in-force, your nominee will receive higher of:

    • Sum Assured less applicable partial withdrawals
    • Fund value
    • 105% of premiums paid by you

    Maturity Benefits

    On survival till end of policy term, the Fund Value will be paid to you.

    Premium Paying Mode

    You have the flexibility to choose annual or monthly mode to pay premiums as per your requirement or to suit your income stream. You can also change your premium payment mode anytime during the policy term.

    Loyalty Additions

    Loyalty Additions will be paid in the form of extra allocation of units to your fund, provided that all due premiums till date have been paid. The Loyalty additions will be paid as follows:

    Policy Year Loyalty Addition
    1st Loyalty addition: At the end of 10th policy year 1.25% of average Fund Value of last 36 monthly policy anniversaries
    2nd Loyalty addition: At the end of 15th policy year 1.25% of average Fund Value of last 36 monthly policy anniversaries

    Investment Funds:

    You can choose to invest in 5 investment funds with equity exposure ranging 0% to100%, depending on your investment philosophy:

    • Equity II Fund
    • Growth Plus Fund
    • Balanced Plus Fund
    • Debt Plus Fund
    • Liquid Fund

    Tax Benefits#

    You can avail tax benefit on the premium paid subject to current applicable provisions of Section 80C of income Tax Act, 1961. Please note that tax laws are subject to amendments from time to time.

    #Tax benefits under the policy will be as per the prevailing Income Tax laws and are subject to amendments from time to time. For tax related queries, contact your independent tax advisor..


    Mr. Singh, age 40, chooses to pay annual premiums as shown below. He gets a Sum Assured of 15 times [(70-40) X 0.5] the annual premium and chooses a Premium Paying Term of 20 years. The table below shows fund values for multiple scenarios at age 99 assuming annual gross investment return of 4% and 8% with 100% investment in Balanced Plus Fund.

    Annual Premium (`) Sum Assured (`) Fund Value (`) at age 99 assuming Gross Investment Return of
    4% 8%
    30,000 4,50,000 18,09,427 1,25,34,334
    75,000 11,25,000 45,23,567 3,13,35,834
    1,00,000 15,00,000 60,31,422 4,17,81,112
    2,50,000 37,50,000 1,51,42,228 10,45,35,304
    5,00,000 75,00,000 3,05,47,602 20,95,79,191

    The assumed rates of return (4% p.a. and 8% p.a.) shown in the above illustrative example are not guaranteed and they are not the upper or lower limits of what you might get back as the value of your policy depends on a number of factors including future investment performance. The Fund Values shown in the above illustrative example are after deduction of all charges including applicable service tax and education cess (@14.5%).


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Claims Process

  • Step1: Claim Intimation & Registration
  • Step2: Fund Value Disbursement & Documentations
  • Step3: Processing & Settlement
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