LOGIN
The benefits under the plan vary as per the plan option chosen.
The definitions below will help you understand better, the benefits of the plan:
Sum Assured on Death is the amount which is higher of:
- 11 times the Annualized Premium, or
- 105% of Total Premiums Paid as on date of death, or
- Guaranteed Sum Assured Maturity, which is equal to Sum Assured, or
- Absolute amount assured to be paid on death, which is also equal to Sum Assured
*The above Sum Assured on Death definition is applicable for Guaranteed Cashback Option (Plan Option 1), Guaranteed Cashback with Premium Protection Option (Plan Option 2) and Guaranteed Income Advantage Option (Plan Option 3).
Guaranteed Sum Assured on Maturity is equal to Sum Assured. Sum Assured will be equal to basic sum assured plus the applicable boosters, if any. - For Death Cover Option A under Guaranteed Single Pay Advantage Option (Plan Option 4) Sum Assured on Death is the amount which is higher of:-
- 10 times the Single Premium, or
- Guaranteed Sum Assured on Maturity, which is equal to Sum Assured, or
- Absolute amount assured to be paid on death, which is also equal to Sum Assured
- For Death Cover Option B under Guaranteed Single Pay Advantage Option (Plan Option 4) Sum Assured on Death is the amount which is higher of:-
- 1.25 times of Single Premium, or
- Guaranteed Sum Assured on Maturity, which is equal to Sum Assured, or
- Absolute amount assured to be paid on death, which is also equal to Sum Assured
Guaranteed Cashback Option (Plan Option 1) & Guaranteed Cashback with Premium Protection Option (Plan Option 2)
Survival Benefit
You will receive the Guaranteed Annual Cashback at the end of each of the last 4 policy years before the maturity year provided that all due premiums are paid.
At the end of policy year
Guaranteed Cashback as % of Guaranteed Sum Assured on Maturity
Policy Term minus 4
15%
Policy Term minus 3
15%
Policy Term minus 2
15%
Policy Term minus 1
15%
Maturity Benefit
On survival till the policy term (provided that all due premiums are paid), you will receive
- Guaranteed Sum Assured on Maturity, plus
- Guaranteed Yearly Addition(s), plus
- Guaranteed Loyalty Addition
On payment of above benefits, your policy will terminate and no further benefit will be payable.
Death Benefit
Death Benefit under Guaranteed Cashback Option (Plan Option 1)
In case of the Life Assured's unfortunate death during the policy term, provided the policy is in-force, the death benefit payable to your Nominee/ Legal Heir as the case may be will be as follows:
- Sum Assured on Death, plus
- Cumulative Guaranteed Yearly Addition(s) added, as on date of death
On payment of above benefits, the policy will terminate and no further benefit will be payable. The survival benefit (Guaranteed Annual Cashback) already paid will not be deducted from the benefit payable on death.
Death Benefit under Guaranteed Cashback with Premium Protection Option (Plan Option 2)
In case of the Life Assured's unfortunate death during the policy term, provided all due premiums have been paid, Sum Assured on Death will be payable. Further, the policy will continue till maturity with all future benefits accruing as if the policy was in-force, the death benefit payable to your Nominee/ Legal Heir as the case may be will be as follows:
- Sum Assured on Death is payable immediately plus
- All future premiums (if any) are not payable and the policy shall continue to be in force for the remaining policy term. The policy will also continue to accrue Guaranteed Yearly Addition(s).
- All Guaranteed Annual Cashback as scheduled will continue to be payable at the end of each of the last 4 policy years before the maturity year.
- On maturity - Guaranteed Sum Assured on Maturity plus Guaranteed Yearly Addition (s) plus Guaranteed Loyalty Addition.
On payment of above benefits, the policy will terminate and no further benefit will be payable. The survival benefit (Guaranteed Annual Cashback) already paid will not be deducted from the benefit payable on death.
Guaranteed Income Advantage (Plan Option 3)
Survival Benefit
You will receive the Guaranteed Annual Income at the end of each of the policy years after the completion of premium payment term till Maturity.
Maturity Benefit
On survival till the end of policy term (provided that all due premiums are paid), you will receive Guaranteed Sum Assured on Maturity.
On payment of above benefits, your policy will terminate and no further benefit will be payable.
Death Benefit
In case of the Life Assured's unfortunate death during the policy term, provided the policy is in-force, the death benefit payable to your Nominee/ Legal Heir as the case may be will be Sum Assured on Death.
On payment of above benefit, the policy will terminate and no further benefit will be payable. The survival benefit (Guaranteed Annual Income) already paid will not be deducted from the benefit payable on death.
Guaranteed Single Pay Advantage (Plan Option 4)
Maturity Benefit
On survival till the policy term, you will receive
- Guaranteed Sum Assured on Maturity, plus
- Guaranteed Loyalty Addition
On payment of above benefits, your policy will terminate and no further benefit will be payable
Death Benefit
In case of the Life Assured's unfortunate death during the policy term, provided the policy is in-force, the death benefit payable to your Nominee/ Legal Heir as the case may be will be Sum Assured on Death.
On payment of above benefit, the policy will terminate and no further benefit will be payable.
Step 1 - Choose your plan option
i. If your goal is to get protection during the policy term, liquidity in last 4 years and lump-sum on maturity, we recommend you to opt for either 'Guaranteed Cashback with Premium Protection Option (Plan Option 2) or Guaranteed Cashback Option (Plan Option 1)' as per your requirement.
ii. If your goal is to get protection during the policy term and Guaranteed Annual Income after the completion of premium payment term, we recommend you to opt for 'Guaranteed Income Advantage Option' (Plan Option 3).
iii. If your goal is to receive lump-sum payout on maturity on payment of Single Premium, we recommend you to opt for 'Guaranteed Single Pay Advantage Option (Plan Option 4)'.
Step 2: Choose your premium
Choose your premium amount. You can check the guaranteed amount available at policy maturity and the guaranteed survival benefits that you will be receiving during the policy term to ensure that your financial needs are met.
Step 3: Choose your premium payment term, premium payment mode and policy term
Choose how long you would like to pay premium, at what frequency and your policy term, to align with your payment preference, savings horizon and future goals.
The Sum Assured in this plan will be determined basis your age and the options chosen above. If your Annualised Premium is eligible for High Premium Booster, the Sum Assured/Guaranteed Annual Income will be enhanced by the High Premium Booster %
Entry Age
Plan Options
Minimum Entry Age
Maximum Entry Age
Guaranteed Cashback Option
0 years
60 years
Guaranteed Cashback with Premium Protection Option
18 years
55 years
Guaranteed Income Advantage Option
0 years
60 years
Guaranteed Single Pay Advantage Option
Death Cover Option A
Death Cover Option B
Death Cover Option A
Death Cover Option B
8 years
8 years
For PT 5: 45 years
For PT 7: 43 years
For PT10: 40 years
65 years
Maturity Age
Guaranteed Cashback Option
18 years
75 years
Guaranteed Cashback with Premium Protection Option
28 years
75 years
Guaranteed Income Advantage Option
18 years
75 years
Guaranteed Single Pay Advantage Option
Death Benefit
Option A
Death Benefit
Option B
Death Benefit
Option A
Death Benefit
Option B
18 years
18 years
50 years
75 years
Plan Options
Premium Payment Term
Policy Term
Guaranteed Cashback Option and
5
10,15
7
12,15
10
15,20
Guaranteed Cashback with Premium Protection Option
5
10,15
7
12,15
10
15,20
Guaranteed Income Advantage Option
7
14
10
20
Guaranteed Single Pay Advantage Option
1 (Single Pay)
5,7,10
Plan Options
Minimum Sum Assured (₹)
Guaranteed Cashback Option
49,600
Guaranteed Cashback with Premium Protection Option
49,500
Guaranteed Income Advantage Option
5,000
Guaranteed Single Pay Advantage Option
46,955
Maximum Sum Assured
No Limit as it is subject to the Board Approved Underwriting Policy of the Company.
Single pay, Annual, Half-Yearly, Quarterly & Monthly modes are available
Plan option
Mode
Modal Factors
Guaranteed Cashback Option
Annual
1.00
Half-Yearly
0.51
Quarterly
0.26
Monthly
0.09
Guaranteed Cashback with Premium Protection Option
Annual
1.00
Half-Yearly
0.51
Quarterly
0.26
Monthly
0.09
Guaranteed Income Advantage Option
Annual
1.00
Half-Yearly
0.51
Quarterly
0.26
Monthly
0.09
Guaranteed Single Pay Advantage Option
Single
NA
Call Back
Pay Premium