This is
a limited premium payment, non-linked, with profits Money Back Plan.
Term : 20 Year , PPT : 15 Year
Minimum Entry Age : 13 year Completed
Maximum Entry Age : 50 year
(Nearest Birthday)
Maximum Maturity Age : 70 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 : 20% of
Basic SA is payable after 5th, 10th and 15th year of policy.
Maturity Time: 40% of
Basic Sum Assured + Vested Bonus + FAB if any.
Surrendered Value : The
policy can be surrendered for cash provided atleast 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 : Sum
Assured on Death + Vested Bonus + FAB if any.
Sum
Assured on Death = Higher of 125% of Basic SA or 7 times of annualized Premium.
Death
Benefit shall not be less than 105% of total premiums paid as on date of death.
The
premiums exclude taxes, extra premium and rider premiums.
Loan : Available after payment
of premium of 2 full years.
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