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Investment cum Insurance Plan

iNVESTSHIELD Plan

In this policy the investment risk in investment portfolio will be borne by the policyholder

UIN: 136L041V03

You have dreams for yourself and the ones you love. You need a financial plan that helps you to achieve these dreams while protecting them in adverse situations. It is our endeavor to provide you with solutions that help you plan better when it comes to your familys needs.
Moreover, you can avoid the trouble of going through a cumbersome process and get yourself insured directly. Its not only simple, but also available at your finger tips.

This plan provides protection features through different benefit options to suit your needs. You can choose your benefit option as below and customize your plan.

Benefit Options Protection against
Death Accidental Death Premiums after Death
Life Option Yes -- --
Life Option with ADB Yes Yes --
Life Option with PFB Yes -- Yes

Investshield Plan Product Parameters Product Parameters

Investshield Plan Age Criteria

Age Criteria

  • Entry Age (Life Assured)

    Minimum

    18 years

    Maximum

    50 years
  • Maximum age at maturity

    Minimum

    28 years

    Maximum

    65 years
Investshield Plan Policy Term

Policy Term


  • Single Premium Payment:
    10 years (fixed)
  • Limited & Regular Premium Payment:
    10-15 years
Investshield Plan Sum Assured

Sum Assured

  • Single:

    Minimum

    1.25 times of Single Premium

    Maximum

    10 times of Single Premium up to age 37 years only

    Please note that under Single Premium Policy only two Sum Assured multiples of 1.25 or 10 times Single Premium are allowed. Sum Assured multiple for more than 1.25 times and less than 10 times Single Premium are not allowed.

  • Limited & Regular
    10 times of Annualized Premium#
Investshield Plan Premium Payment Details

Premium Payment Details

  • Premium Payment Mode
      Minimum Maximum
    Annual 25,000/- per annum No
    Limit
    Monthly* 3,000/- per month
    Single 50,000/-(Single Premium Payment option is not available under 'Life Option with PFB')
  • Premium Payment Term
    Limited: 5 years to (Policy Term -1)
    Regular: Equal to Policy Term
Please note that you can choose a benefit option at inception stage only. Once chosen it cannot be changed later during the Policy Term.
*It is mandatory to pay 3 months premium in advance and subsequently through standing instruction.

Our iNVESTSHIELD Plan is a unit linked non-participatory investment cum insurance plan which provides the opportunity to create wealth to fulfill various family needs like building an asset or to ensure a bright future for your child.

  • Emerging Leaders Equity Fund: Generate long term capital appreciation through investments predominantly in mid cap stocks.
  • Convenience to buy directly from our website
  • Flexibility to customize the plan as per your need
  • Zero Premium Allocation Charge throughout the premium payment term of your Policy
  • Loyalty Additions as additional allocation of units to boost your investments
  • Choice of Investment Funds ranging from 0% to 100% equity exposure, to match your risk appetite and investment returns
  • Safety Switch Option enables you to move your funds systematically to a relatively low risk Liquid Fund to avoid market movements in the last four Policy years
  • Option for partial withdrawals to help you meet unplanned contingencies
  • Tax benefits on premium paid and benefit received during Policy term under Section 80C and Section 10(10D), as per the Income Tax Act, 1961, as amended from time to time
Death Benefits

In case of unfortunate demise while the Policy is in-force, the death benefit will be as per the Benefit Option chosen by the insured. The death benefit under each of 3 benefit options which becomes payable is as follows:

Benefit Option Death Benefit
Life Option Higher of following :
  • Sum Assured less applicable partial withdrawals
  • Fund Value, or 105% of Premiums paid
Life Option with ADB Twin Benefit by way of :
  • Death benefit as per 'Life Option' Plus
  • Accidental Death Benefit (ADB) Sum Assured. The ADB Sum Assured will be equal to Sum Assured of the Policy and will be payable in case death of the Life Assured is due to an accident.
Life Option with PFB Higher of the following as lump sum will be paid immediately:
  • Sum Assured or
  • 105% of total Premiums paid till death Plus
  • All future Premiums are funded by the Company as and when due, and
  • Fund Value is paid on maturity
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. You also have the option to take Fund Value on maturity in periodic installments as per Settlement Option.

Loyalty Additions

Your plan provides loyalty additions depending upon Policy Term chosen by you. Loyalty additions are paid in the form of extra allocation of units to your Unit Linked Fund(s), provided that all due Premiums till date have been paid. The Loyalty additions will be paid as follows:

Loyalty Additions are as a percentage of average Fund Value of the last 60 monthly Policy anniversaries

Premium Payment Option Policy Term Frequency of Loyalty additions At the end of Policy Year Loyalty Additions
Single 10 years Once 10 4.0%
Regular and Limited Less than 15 years Once 10 5.6%
Equal to 15 years Twice 10 5.6%
15 2.2%
Partial Withdrawal

To take care of any unforeseen liquidity crunch, you can make partial withdrawals from your Policy without completely surrendering it. Partial withdrawals are allowed from the 6th Policy Year.

Tax Benefit#

You can avail tax benefit on premium amount and benefit received from the policy under Section 80C and Section 10(10D), as per the 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.

Safety Switch Option

As your Policy nears maturity, you may want to avoid market movements and safeguard your funds. The Safety Switch Option enables you to move your funds systematically to a relatively low risk Liquid Fund at the beginning of each of the last four Policy Years.

Settlement Option

You can choose to receive your maturity benefit through Settlement Option in installments as per the frequency chosen by you, over a maximum period of 5 years. There will not be any life cover during this period and you may opt for complete withdrawal of Fund Value at any time.

Switching

In order to take advantage of market opportunity or readjust your investment among different funds, you can opt to switch your investments from one investment fund to another at any point of time. You can either switch a percentage of your investments or an absolute amount.

Premium Redirection

You have the option to change the allocation proportion of your future premiums into one or more Unit Linked Funds limited to once in a policy year which shall be free of cost. The revised allocation proportion will apply to your subsequent premiums.

Investment Funds:

You can choose from a range of 7 Unit Linked Funds ranging from 0% to 100% of equity exposure to cater to your investment needs. You can choose to allocate your premiums to any, all or a combination of the Unit Linked Funds as per your risk preference.

Sr. No. Fund Name Risk Profile
1 Emerging Leaders Equity Fund High
2 India Multi-Cap Equity Fund High
3 Equity II Fund High
4 Growth Plus Fund Medium to High
5 Balanced Plus Fund Medium
6 Debt Fund Low
7 Liquid Fund Low

Rahul aged 30, is planning to invest annually on a regular basis in iNVESTSHIELD Plan for a period of 15 years. He can utilize the various 'Benefit Options' in order to fulfill his different needs.

Scenario 1: Rahul's need is to create maximum wealth over a period of 15 years to create an asset for his family. Hence Rahul chooses 'Life Option' under this plan. The table below shows maturity values for multiple scenarios assuming annual gross investment return of 4%* and 8%* with 100% investment in Equity II Fund.

Annual Premium () Sum Assured () Fund Value at the end of 15 years assuming Gross Investment Return of
4%* 8%*
25,000 2,50,000 4,50,909 6,29,144
40,000 4,00,000 7,21,454 10,06,630
75,000 7,50,000 13,52,727 18,87,431

Scenario 2: Rahul is recently married and looking for some additional protection due to enhanced responsibility. His need is to create long term wealth with extra safety through additional protection to cover for any unfortunate event. Hence Rahul chooses 'Life Option with ADB'. The table below shows maturity values with multiple scenarios assuming annual gross investment return of 4%* and 8%* with 100% investment in Equity II Fund.

Annual Premium () Sum Assured () Fund Value at the end of 15 years assuming Gross Investment Return of
4%* 8%*
25,000 2,50,000 4,47,562 6,24,564
40,000 4,00,000 7,16,100 9,99,302
75,000 7,50,000 13,42,687 18,73,692

Scenario 3: Rahul is married & have a 3 years old daughter. Rahuls need is to create a corpus for the future of his daughter. He is looking for a customized solution which ensures that in an event of his death, the family's immediate needs are met & in the meantime his dream for providing a corpus to his daughter is also met. Hence Rahul chooses 'Life Option with PFB' under this plan. The table below shows maturity values with multiple scenarios assuming annual gross investment return of 4% and 8% with 100% investment in a Balanced Plus Fund.

Annual Premium () Sum Assured () Fund Value at the end of 15 years assuming Gross Investment Return of
4%* 8%*
25,000 2,50,000 4,40,255 6,15,158
40,000 4,00,000 7,04,407 9,84,253
75,000 7,50,000 13,20,764 18,45,474

*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%).