Life Insurance


Death Benefit Sum Assured
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
Single Premium Option No
Cover Increment No
Premium Payment Frequency Half Yearly, Yearly
Exclusions Suicide: committed within 1 year of date of commencement or revival of policy


Minimum Entry Age 18 Years
Maximum Entry Age 70 Years
Maximum Maturity Age 75 Years
Policy Term (Years) 10, 15, 20, 25, 30, To Age 60, To Age 65, To Age 70 and To Age 75 years
Sum Assured Minimum - Rs. 32 lacs
Maximum - Subject to underwriting

Death Benefit Options


Death Benefit Option 1

Monthly Income for 15 years which will be paid out on monthly basis in 180 equal installments. The monthly income will be Rs. 8.44 per Rs. 1,000 Sum Assured. The monthly income does not increase during the Death Benefit payment period. The monthly income payable on death starts from the date of intimation of death, subject to acceptance of the claim by the Company.


Death Benefit Option 2

50% of the Sum Assured is paid out as lump sum immediately on acceptance of death claims + 50% Sum Assured is paid out on an annual basis in increasing installments over a period of 10 years. By lump sum it is meant that 50% of the Sum Assured chosen by the customer at inception will be paid out entirely once the claim is accepted. The annual income will be Rs. 4.52 per Rs. 100 of Sum Assured and increase by 10% (Compounding) each year till the end of the 10th year.