Eligibility Criteria
- Minimum Age : 18 Yrs
- Maximum Age : 65 Yrs
- Max. Age at Maturity : 80 Yrs
- Min. Sum Assured : Rs. 5,00,000/-
- Max. Sum Assured : No Limit in multiple of 5 lakh)
- Policy Term (PT) : 10 -40 Yrs
- Premium Paying Term (PPT) : RP, SP, For PT(10-14) -5 Yrs, For PT(15-40) -10Yrs
- Mode of Premium Payment : Yearly/ Half-Yearly
Plan Description
Death Benefit
For case of Regular Premium(RP) i.e. complete policy term or Limited Premium Paying Term(LP)
“Sum Assured on Death” is defined as the higher of:
- 7 times of annualised premium; or
- 105% of all the premiums paid as on the date of death; or
- Absolute amount assured to be paid on death.
For Single premium policy,
“Sum Assured on Death” is defined as the higher of:
- 125% of Single Premium, or
- Absolute amount assured to be paid on death
Maturity Benefit: No
Rider Benefit: Accidental Benefit Rider
Absolute Amount defined as
- Option 1: Basic Sum Assured
- Option 2:Basic Sum Assured till 5 Years then 10% increase in Basic Sum Assured every year till 15 years of policy term.
Death Benefit facility may be opt for getting in Instalments for 5,10 or 15yrs
- Rs. 5,000 Per Month or,
- Rs. 15,000 per Quarterly or,
- Rs. 25,000 Per Half-yearly or,
- Rs. 50,000 Per Yearly
