| Death Benefit |
Death Benefit Option 1: In case of death of the Life Assured, Sum Assured under the plan will be paid and the Policy will cease to exist
Death Benefit Option 2: In case of death of the Life Assured, the following will be paid:
- 50% of the Sum Assured immediately
- 3% of the Sum Assured every month, starting the next Policy month for the next 5 years
- Nominee will have an option to take the discounted value of the future payouts anytime
|
| Survival Benefits |
No |
| Income Tax Benefits |
Premiums paid: Tax Benefits under section 80C of the Income Tax Act; Death Benefit: Tax Benefits under section 10(10D) of the Income Tax Act |
| Additional Benefits |
Accidental death Benefit
- Death Benefit Option 1: 200% of the Sum Assured will be paid.
- Death Benefit Option 2: 150% of the Sum Assured will be paid along with 3% of the Sum Assured paid every month for next 5 years.
|
| Premium Payment Frequency |
Annually, Half-yearly, Monthly |
| Exclusions |
Suicide: committed within 1 year of date of commencement or revival of policy |
Eligibility
| Minimum Entry Age |
20 Years; 30 years for 10-year policy term |
| Maximum Entry Age |
65 Years |
| Maximum Maturity Age |
75 Years |
| Policy Term (Years) |
10, 15, 20, 25, 30, 35, 40 years & 75 Years minus age at entry |
| Premium Paying Term |
Equal to policy term for regular pay |
Riders
This rider covers critical illnesses. In case the insured is diagnosed with mentioned critical illnesses, cover amount will be paid.
This rider covers illnesses pertaining to women. On being diagnosed with any of the covered illnesses a certain percentage of the cover amount will be paid
This rider covers the insured in case of total and permanent disability. On being diagnosed with total and permanent disability, cover amount will be paid.
This rider waives off the future premiums payable under the base plan upon permanent disability of the Life Assured due to either accident or sickness.