Death Benefits

In the unfortunate event of your demise while the Policy is in-force, your family will receive higher of:

Maturity Benefits

On maturity, you will receive the Fund Value based on the prevailing NAVs. You also have the option to take Fund Value on maturity in periodic installments as per Settlement Option. (The details on Settlement Option is given below)

Choice of Funds or Portfolio Management Options

You can choose from a range of 7 different Unit Linked Funds with different risk appetites. Alternatively you may select one among following 4 different Portfolio Management Options to manage and build on wealth in an optimal way.

Choose Your Funds

This option gives you the flexibility to manage & control the investment in your own way. Here you can choose from a range of 7 Unit Linked Funds to cater to your investment needs. You can choose to allocate your Premiums to any, all or a combination of the Unit Linked Funds as per your risk preference.

1. Systematic Transfer Option (STO)

If you want to invest in equity oriented fund but worry about market volatility and risk associated with lump sum investment, then you can opt for STO which enables you to enter the equity market in a systematic manner. Through this option, your entire Premium will be first allocated to the Liquid Fund and then systematically transferred on a monthly basis into any one of the Unit Linked Funds - Emerging Leaders Equity Fund or India Multi-Cap Equity Fund or Equity II Fund as chosen by you.

2. Return Protector Option (RPO)

This option enables you to take advantage of the equity market by protecting your gains from the future equity market volatility. Through RPO, starting from the 2nd Policy Year onwards, your gains made from a equity fund basis your chosen 'Target Appreciation' are automatically transferred to a lower risk Debt Fund. This way, your gains are protected from further market volatility.

3. Auto Funds Rebalancing (AFR)

If you wish to maintain allocation of your investments in a specific proportion across different Unit Linked Funds, irrespective of market movements, you can do so through Auto Funds Rebalancing. Once opted, after every 3 months, it automatically rebalances the allocation of your investments in various Unit Linked Funds to the allocation proportions chosen by you.

4. Safety Switch Option (SSO)

As your policy nears maturity, you may want to avoid market movements and safeguard your funds. The Safety Switch Option enables you to move your funds systematically to a relatively low risk Liquid Fund at the beginning of each of the last four Policy Years.

Loyalty Additions

Your plan offers regular loyalty additions in the form of extra allocation of units to your Unit Linked Fund(s), provided that all due Premiums till date have been paid. These regular loyalty additions will be added to the Unit Linked Fund(s) at the end of the each Policy Year, starting from the 6th Policy Year onwards till the end of chosen Policy Term. Each loyalty additions will be 0.5% of the average Fund Values of the last 12 monthly Policy anniversaries.

Wealth Boosters

This plan also offers the additional allocation of units which will be added to the Unit Linked Fund(s) at specific Policy intervals provided all due Premiums till date have been paid. These Wealth Boosters will be a percentage of the average Fund Value of last 60 monthly Policy anniversaries. The percentages of Wealth Boosters are as mentioned below:

Other Benefits

Change in Premium Payment Term: You have the flexibility to change your Premium Payment Term anytime after paying first 5 Policy Years Premiums, in order to align it with your changing financial situation. The increase or decrease in Premium Payment Term will be subject to acceptance by the Company as per its Underwriting Policy and terms & conditions of this plan.

Increase or Decrease of Sum Assured: You can choose to alter your Sum Assured based on your protection needs, from the 6th Policy Year subject to underwriting acceptance.

Settlement Option: You can choose to receive your maturity benefit through Settlement Option in installments as per the frequency chosen by you, over a maximum period of 5 years. You may opt for complete withdrawal of Fund Value at any time during this period, and you may opt for complete withdrawal of Fund Value at any time during this period.

Tax Benefits#

You can avail tax benefit on the premium paid subject to current applicable provisions of Section 80 C of income Tax Act, 1961. Please note that tax laws are subject to amendments from time to time.