Toll Free: 1800-103-0003 | SMS: 97790-30003
NEW CUSTOMER
EXISTING CUSTOMER
GET A CALL BACK

GET A CALL BACK

Looking For
Captcha
Best One Time Investment Plan

Smart One Pay

In this policy the investment risk in investment portfolio will be borne by the policyholder
UIN: 136L030V02

Smart One Pay helps you meet your protection and investment needs. It aims to generate wealth by investing in the funds of your choice along with provision of life cover.

Smart One Plan Product Parameters Product Parameters

Smart One Plan Age Criteria

Age Criteria

  • Entry Age (Life Assured)

    Minimum

    7 years

    Maximum

    70 years
Smart One Plan Term

Policy Term


Minimum

5 years

Maximum

25 years
Smart One Plan Sum Assured

Sum Assured

  • Minimum
    1.25 x Single Premium
  • Maximum
    10 x Single Premium (depending upon your age and Policy Term)
Smart One Plan Premium Payment Details

Premium Payment Details

  • Annual Premium

    Minimum

    1,00,000

    Maximum

    No Limit(subject to underwriting)
  • Premium Payment Term
    Single Premium Only
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.

You want to be financially comfortable and ensure that you have adequate funds in place to fulfill your dreams and to enjoy your life. Your living expenses and financial goals vary with different stages of your life, whether saving for retirement, raising a child or simply having the financial freedom to do as you want.

The Plan Offers

India Multi-Cap Equity Fund

Now generate capital appreciation in the long term through equity investments by investing in a diversified portfolio of Small Cap, Mid Cap and Large Cap companies.

Single Premium Payment Option

This plan gives you the ability to pay only once, that is, a single premium at the beginning of your policy and provides you life cover throughout the policy term as chosen by you.

Unlimited Free Switching

You can switch some or all of your investments from one fund to another, any number of times at zero charges.

Partial Withdrawals

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.

Auto Funds Rebalancing

This option helps you maintain your investments in your preferred proportion across funds irrespective of market movements.

Safety Switch Option

This option enables you to potentially lock in your gains by moving your funds systematically to a relatively low risk Liquid Fund in the last 4 years.

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 single premium paid by you
Maturity Benefits

Your policy will mature at the end of the policy term as chosen by you at inception. You will receive the Fund Value based on the prevailing NAVs at maturity.

Loyalty Additions

Your fund value will be enhanced by Loyalty Additions as per table below. Loyalty Additions will be added at end of each policy month, starting from 61st policy month till the end of the policy term and will be a percentage of fund value.

Policy month Loyalty Additions per month as a percentage of fund value
61st to 120th 0.025%
121st till end of policy term 0.06%
Investment Funds

You can choose to invest in 6 investment funds with equity exposure ranging from 0 to 100%, depending on your investment philosophy:

  • India Multi-Cap Equity Fund
  • 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.

#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. Bahri, age 45 chooses to pay a single premium of 10,00,000 as shown below. He opts for a Sum Assured of 125% of the single premium. The table below shows maturity values assuming annual gross investment return of 4%* and 8%* with 100% investment in Equity II Fund.

Single Premium () Sum Assured () Assuming Gross Investment Return for a 15 year Term ()
4%* p.a. 8%* p.a.
10,00,000 12,50,000 14,14,251 25,11,904

*The assumed rates of return (4% p.a. or 8% p.a.) shown in the above illustrative examples of different scenarios 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 Goods and Services Tax & Applicable cess (es)/levy, if any @18%).