Premium Payment Mode: Single Premium
Term : 9 Year 12 Year 15 Year
Minimum Entry Age : 15 Year Completed
Maximum Entry Age : Term 9yr then 66yr (Nearest Birthday)
Term 12yr then 63yr (Nearest Birthday)
Term 15yr then 60yr (Nearest Birthday)
Maximum Maturity Age : 75 Year
Minimum Sum Assured : Term 9yr then 35,000 Term 12yr then 50,000 Term 15yr then 70,000
Maximum Sum Assured : NO LIMIT (Depending upon Income)
Policy Benefits : On Death : During 1st five years policy years : Sum Assured only.
After completion of five policy years : Sum Assured + Loyalty Addition, if any.
On Survival :
For Policy Term of 9 years : 15% of SA, after 3rd & 6th policy year.
For Policy Term of 12 years : 15% of SA, after 3rd ,6th & 9th policy year.
For Policy Term of 15 years : 15% of SA, after 3rd ,6th,9th & 12th policy year.
At Maturity Time : Single Premium Paid + Loyalty Additions, if any.
Surrendered Value : The policy can be surrendered at any time during the policy term subject to realization of the premium cheque. Guaranteed Surrender Value : First year: 70% of the Single Premium excluding taxes and extra premium,if any. Thereafter: 90%of the Single Premium excluding taxes, extra premium, if any and all survival benefits paid earlier.
Loan : Loan facility is available under this plan at any time after completion of one policy year.
Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
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