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Death Benefit
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,if any, in the preceding 2 years or
- Fund value as on date of intimation of death claim or
- 105% of all premiums paid upto date of death
Loyalty Additions
1% of your Fund Value added by way of additional allocation of units at the end of 15th policy year to boost your investments
Investment Funds
You can choose to invest in 6 investment funds with equity exposure ranging 0% to100%, 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. Singh, age 40, chooses to pay Annualized Premiums as shown below. He opts for a Sum Assured of 15 times the annual premium and a premium paying term of 20 years. The table below shows surrender values as at the policy anniversary immediately after Mr. Singh’s 99th birthday for multiple scenarios 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
17,48,011
1,21,06,310
75,000
11,25,000
43,70,029
3,02,65,774
1,00,000
15,00,000
58,26,705
4,03,54,366
2,50,000
37,50,000
1,46,64,062
10,10,21,355
5,00,000
75,00,000
2,96,11,440
20,26,64,630
*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%).
- Entry Age (Life Assured)
Minimum
7 years
Maximum
65 years
Whole of Life
Minimum
For ages below 45 years:
Higher of:10 times Annualized Premium or 0.5 XTX Annualized Premium where (T=70 - age at entry)
For ages 45 years & above:
Higher of:7 times Annualized Premium or 0.25 *T* Annualized Premium where (T=70 - age at entry)
Maximum
No maximum limit,
subject to underwriting
- Annual Premium
Minimum
₹ 25,000
Maximum
No Limit
- Premium Payment Term
Minimum
10 years
Maximum
99 - Age at entry
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