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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
- 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 5 investment funds with equity exposure ranging 0% to100%, depending on your investment philosophy:
- India Multi-Cap Equity Fund
- Equity II Fund
- Growth 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. Vijay, age 40, chooses to pay annual premiums as shown below. He opts for a Sum Assured of 10 times the Annualized Premium and a fixed Policy Term of 10 years & fixed Premium Paying Term of 5 years. The table below shows the maturity for multiple scenarios assuming annual gross investment return of 4%* and 8%* with 100% investment in Equity II Fund and ECS as Premium Payment Mode.
Annual Premium (₹)
Sum Assured ( ₹ )
Fund Value ( ₹ ) at age 99 assuming Gross Investment Return of
4%*
8%*
50,000
5,00,000
2,65,136
3,63,654
75,000
7,50,000
3,97,704
5,45,481
1,00,000
10,00,000
5,30,271
7,27,308
2,00,000
20,00,000
10,60,543
14,54,615
5,00,000
50,00,000
26,51,357
36,36,539
*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%).
You can choose to invest in 7 investment funds with equity exposure ranging from 0% to100%, depending on your investment philosophy:
- Entry Age (Life Assured)
Minimum
7 years
Maximum
65 years
Whole of Life
Minimum
For ages below 45 years:
Higher of:10 times Annualized Premium0.5 XTX Annualized Premium where (T=70 - age at entry)
For ages 45 years & above:
Higher of:7 times Annualized Premium0.25 *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
No Limit
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