LOGIN
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 premiums paid upto the date of death
Maturity Benefits
On survival till end of policy term, the Fund Value will be paid to you.
Premium Paying Mode
You have the flexibility to choose annual or monthly mode to pay premiums as per your requirement or to suit your income stream. You can also change your premium payment mode anytime during the policy term.
Loyalty Additions
Loyalty Additions will be paid in the form of extra allocation of units to your fund, provided that all due premiums till date have been paid. The Loyalty additions will be paid as follows:
Product Option
Option 1
Frequency
Once in policy term
Policy Year
At the end of 10th policy year
Loyalty Addition
2% of average Fund Value of the last 36 monthly policy anniversaries
Product Option
Option 2
Frequency
Twice in policy term
Policy Year 1
1st Loyalty addition: At the end of 10th policy year
Loyalty Addition 1
1.25 % of average Fund Value of the last 36 monthly policy anniversaries
Policy Year 2
2nd Loyalty addition: At the end of 15th policy year
Loyalty Addition 2
1.25 % of average Fund Value of the last 36 monthly policy anniversaries
Investment Funds
You can choose to invest in 7 investment funds with equity exposure ranging from 0% to100%, depending on your investment philosophy:
- Emerging Leaders Equity Fund
- 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. Mehta, age 40, opts for Option 2 and chooses to pay annual premiums as shown below. He opts for a Sum Assured of 10 times the annual premium with policy term of 20 years and a premium paying term of 10 years. The table below shows maturity values 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
3,00,000
3,96,813
7,23,846
75,000
7,50,000
9,92,033
18,09,616
1,00,000
10,00,000
13,22,710
24,12,822
2,50,000
25,00,000
33,06,776
60,32,054
5,00,000
50,00,000
66,13,551
1,20,64,108
*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%).
Option 1
- Entry Age (Life Assured)
Minimum
8 years
Maximum
64 years
- Maturity Age
Minimum
18 years
Maximum
74 years
Option 2
- Entry Age (Life Assured)
Minimum
8 years
Maximum
64 years
- Maturity Age
Minimum
23 years
Maximum
79 years
Option 1
10 years (Fixed)
Option 2
15/ 20 / 25 years
Option 1
Minimum
For ages below 45:
10 x Annualized Premium#
For ages 45 and above:
7 x Annualized Premium#
Maximum
Depends upon the age of the Life Assured
Option 2
Minimum
For ages below 45:
Higher of (0.5 x policy term x Annualized
Premium#) OR 10x Annualized Premium
For ages 45 and above:
7 x Annualized Premium#
Maximum
Depends upon the age of the Life Assured
#Annualized premium mean the amount of premium payble in the policy year that is selected by the policyholder at the inception of the policy.
Option 1
- Premium
Minimum
Annual Mode: ₹50,000 p.a.
Monthly Mode*: 5,000 p.m.
Maximum
No Limit
- Premium Payment Term
5 years (Fixed)
- Premium Paying Modes
Monthly and Annual
Option 2
- Premium
Minimum
Annual Mode: 25,000 p.a.
Monthly Mode*: 3,000 p.m.
Maximum
No Limit
- Premium Payment Term
10 years to 25 years
(Premium payment term will always be lower than or equal to policy term)
- Premium Paying Modes
Monthly and Annual
*Please note that it is mandatory to pay first 3 month's premium in advance if you have chosen monthly mode of premium payment.
Call Back
Pay Premium