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Death Benefits
In the unfortunate event of your death while your policy is in-force, your nominee will receive higher of:
- Sum Assured less applicable withdrawals. if any, in the preceding two years, or
- Fund value as on date of intimation of death claim
- 105% all premium paid up to 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:
Policy Year
1st Loyalty addition: At the end of 10th policy year
Loyalty Addition
1.25% of average Fund Value of last 36 monthly policy anniversaries
Policy Year
2nd Loyalty addition: At the end of 15th policy year
Loyalty Addition
1.25% of average Fund Value of 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 advisorMr. Singh, age 40, chooses to pay annual premiums as shown below. He gets a Sum Assured of 15 times [(70-40) X 0.5] the annual premium and chooses a Premium Paying Term of 20 years. The table below shows fund values for multiple scenarios at age 99 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
17,60,576
1,21,98,926
75,000
11,25,000
44,01,440
3,04,97,314
1,00,000
15,00,000
58,68,587
4,06,63,085
2,50,000
37,50,000
1,47,36,886
10,17,42,467
5,00,000
75,00,000
2,97,42,931
20,40,04,385
*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
Up till age 99
For ages below 45:
0.5 X T X Annualized Premium# Where T=70-age at entry
For ages 45 & above:
You can choose Sum Assured between 7-10 times of Annualized Premium
#Annualized premium is the amount of premium payable in the policy year that is selected by the policy holder at the inception of the policy.
Premium
Minimum
Monthly Mode*: 3,000 p.m.
Annual Mode: 25,000 p.a.
Maximum
No Limit
Premium Payment Term
Minimum
10 years
Maximum
99 - (Age at entry)
*Please note that it is mandatory to pay first 3 month's premium in advance if you have chosen monthly mode of premium payment.
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