Term : 15 to 35 years .
Minimum Entry Age : 18 Year Completed. Maximum Entry Age : 50 Year (Nearest
Birthday). Maximum Maturity Age : 75
Year.
Minimum Sum Assured : 1,00,000.00.
Maximum Sum Assured : NO LIMIT
(Depending upon Income). Maximum Accidental Death and Disability Benefit Rider
up to age 70.
Policy Benefits : On Survival : Basic
Sum Assured, along with vested Simple Revisionary Bonuses and Final Additional
Bonus, if any, shall be payable in lump sum on survival to the end of the
policy term provided all due premiums have been paid.
Surrendered Value : The
policy can be surrendered for cash provided at least two full years premiums
have been paid. The Guaranteed Surrender value during policy term shall be a
percentage of total premiums paid (net of service tax) excluding extra premiums
and premiums for riders, if opted for. This percentage will depend on the
policy term and policy year in which the policy is surrendered.
On Death : Provided
all due premiums have been paid, the following death benefit shall be paid:
• On
Death during the policy term: Death benefit, defined as sum of Sum Assured on
Death and vested Simple Re-visionary Bonuses and Final Additional bonus, if any,
shall be payable. Where, Sum Assured on Death is defined as higher of 125% of
Basic Sum Assured or 7 times of annualised premium. This death benefit shall
not be less than 105% of all the premiums paid as on date of death. The
premiums mentioned above exclude service tax, extra premium and rider premiums,
if any. • On death of policyholder at any time after policy term: Basic Sum
Assured
Loan can be availed under the policy provided the policy has acquired a surrender value and subject to the terms and conditions as the company may specify from time to time.
Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).
For More Information Call Us @
+91 - 9028917175, +91 - 7892795163
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