|
Entry Age
|
Minimum: 18 Years
Maximum: 65 years
|
|
Maximum Maturity Age
|
70 years
|
|
Policy Term & Premium Payment Term
|
|
Payment Options
|
Policy Term
|
Premium Payment Term
|
|
Regular Premium
|
5 to 40 years
|
Equal to Policy Term
|
|
Limited Premium
|
6 to 40 years
|
5 years
|
|
11 to 40 years
|
10 years
|
|
Single Premium
|
5 to 40 years
|
Single
|
|
|
Sum Assured (Only in multiple of 50,000)
|
Minimum:  5,00,000
Maximum: 25,00,000 |
|
Premium Payment Mode
|
• Single • Yearly • Half-Yearly • Monthly*
|
Age referred in the table above is based on age as on the last birthday. Substandard lives may also be covered subject to Board Approved Underwriting Policy and with any extra Premium, if applicable. Taxes as applicable will be charged over and above the quoted Premium
*Monthly mode is allowed only if the premiums are paid electronically, such as through Credit Card, Direct Debit or ECS/NACH
Sum Assured Bands and Indicative Premium Rates
Following four Sum Assured Bands are applicable in this product:
|
Band |
Band 1 |
Band 2 |
Band 3 |
Band 4 |
|
Base Sum Assured |
Rs. 5 Lac to 9.5 Lac |
Rs. 10 Lac to 14.5 Lac |
Rs. 15 Lac to 19.5 Lac |
Rs. 20 Lac to 25 Lac |
Sample premium rates per 1000 of Base Sum Assured for a healthy male age 30 is as below:
|
Policy Term |
Regular Premium |
|
Band 1 |
Band 2 |
Band 3 |
Band 4 |
|
10 |
9.9602 |
6.1568 |
4.8719 |
4.2058 |
|
20 |
10.4295 |
6.5485 |
5.2587 |
4.6168 |
|
30 |
11.2012 |
7.1454 |
5.8148 |
5.1678 |
|
40 |
12.1506 |
7.8459 |
6.4501 |
5.7744 |
|
Policy Term |
Single Premium |
|
Band 1 |
Band 2 |
Band 3 |
Band 4 |
|
10 |
41.9248 |
27.8183 |
23.3379 |
21.0869 |
|
20 |
71.4246 |
51.2660 |
44.5741 |
41.1529 |
|
30 |
111.3960 |
83.7304 |
74.5063 |
70.0824 |
|
40 |
162.6945 |
125.1374 |
112.6529 |
106.7578 |
|
Policy Term |
Limited Premium – 5 years |
|
Band 1 |
Band 2 |
Band 3 |
Band 4 |
|
10 |
15.7730 |
9.7318 |
7.7143 |
6.7057 |
|
20 |
24.1208 |
15.5546 |
12.7726 |
11.4050 |
|
30 |
34.7887 |
23.5017 |
19.8923 |
18.0766 |
|
40 |
49.7915 |
34.4699 |
29.5457 |
27.1290 |
|
Policy Term |
Limited Premium – 10 years |
|
Band 1 |
Band 2 |
Band 3 |
Band 4 |
|
10 |
- |
- |
- |
- |
|
20 |
21.1675 |
13.3424 |
10.7516 |
9.4713 |
|
30 |
30.6366 |
19.8410 |
16.2906 |
14.5945 |
|
40 |
44.4683 |
29.2459 |
24.3292 |
21.9009 |
Waiting Period
A Waiting period of 45 days from the Date of Commencement of Risk would be applicable. The policy will cover death due to accident only, during the waiting period. In case the death of the life assured, during the waiting period, is due to a cause other than accident then an amount equal to 100% of all premiums received excluding taxes, if any, shall be paid and the Sum Assured shall not be paid. In case of revival of the policy, waiting period shall not be applicable.
Tax Benefits
Tax Benefits may be available as per the applicable laws as amended from time to time. Please consult your tax advisor for details.