In the unfortunate event of your death while your policy is in-force, your nominee will receive higher of:
- Sum Assured less partial withdrawals made in the preceding 2 years
- Fund value as on date of intimation of death
- 105% of all the premiums paid up to the date of death
Your policy will mature at the end of 10 years. You will receive the Fund Value based on the prevailing NAVs at maturity. Moreover, Loyalty Addition will also be payable.
You will get a loyalty addition of 1% of your total fund value at maturity.
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
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 at the end of 10th Year assuming Gross Investment Return of
*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)
10 years (Fixed)
10 x Annualized Premium (for ages below 45)
7 x Annualized Premium (for ages 45 and above)
35 x Annualized Premium subject to underwriting
- Annual Premium
- Premium Payment Term
5 years (Fixed)