Life-cover Benefits
Sum Assured: 100 times the chosen monthly income.
Death Benefit
On death of the life assured, a death benefit equal to Death Benefit Sum Assured [Higher of Sum Assured or 10 times Annualised Premium] plus added annual bonus (and any interim bonus for the part of the year in which death occurs) and final bonus (if any) subject to at least 105% of Total Premiums Paid by the policyholder (excluding underwriting extra premiums, if any) shall be payable to the nominee.
The Death Benefit shall be payable irrespective of the monthly incomes already paid till date of death.
Survival Benefits
Income Benefit: You will receive the chosen monthly income during the last 15 years of the plan i.e. from the end of 121st policy month (not the calendar month) up to the end of policy term. Set-off Option: This option is for your convenience and will help you adjust the premiums payable during year 11 to 15 from the incomes receivable in these years.
Maturity Benefit : On survival till maturity, Added Annual bonuses along with Final Bonus, if any will be paid.
Other Benefits
Rebate: If your Sum Assured is more than or equal to 3 Lacs, you will be entitled for a premium rebate.
Loans: You can avail of the loan facility to meet your liquidity needs, once the policy acquires a surrender value.
Bonuses
Annual Bonuses: Your policy is entitled to get annual bonuses (expressed as a percentage of Sum Assured) based on the profits emerging from the with-profit fund managed by the company. These bonuses will be declared and added to your policy at the end of every year.
Final Bonus: Your policy may be entitled to get the final bonus (if any), expressed as a percentage of Sum Assured.
Please note that there is no guarantee on the amount of future bonuses and these will be declared at the sole discretion of the company. Hence, the bonuses in this plan may vary from time to time.
Tax Benefits#
You can avail tax benefit on the premium paid subject to current applicable provisions of Section 80 C 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. To avail tax benefits, Sum Assured should be minimum of 10* Annual Premium.Mr. Arun 35 years old, Male, looking for guaranteed monthly income of 10,000. He also needs a Life Cover of at least 10,00,000. Premium Payment Term is fixed for 15 years. Policy Term is fixed for 25 years. Annual Premium is ₹ 98,000 (Exclusive of Goods and Services Tax & Applicable cess (es)/levy, if any)

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Entry Age
Minimum
18 years
Maximum
55 years
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Maturity Age
Minimum
43 years
Maximum
80 years
Policy Term (Fixed) - 25 years
100 times the chosen monthly income
- Min. Income is ₹ 2,000 per month (in multiples of ₹ 100 thereafter)
- Premium depends on the age, income and premium mode chosen.
- Premium Mode & Modal Factors
Annual and MonthlyMonthly mode will be available only with SI/ECS option. For Monthly mode, the Annual premium needs to be multiplied with a factor of 0.09 to arrive at the monthly premium payable.
- Premium Payment Term
15 years