Optional covers
Increasing Life Cover
This option allows you to increase your sum assured by either 25% or 50% twice during the policy term,
where the first increase takes place on completion of the 5th policy year and the second and final increase takes place
on completion of the 10th policy year.
You have to choose the rate of increase at inception of the policy. After the last increase in Sum Assured
at the completion of the 10th Policy Year, the Sum Assured stays at the same level throughout the remaining Policy Term.
Increasing Life Cover shall be applicable to lives accepted as standard risk. Conversion of policy from Regular to Limited
Pay shall not be allowed under Increasing Life Cover.
Life Stage Cover Enhancement
This option offers you the flexibility to increase the Base Sum Assured twice during the Policy Term on occurrence of any of the following listed life stage
events and on payment of an additional premium, without undergoing any further medical underwriting. Depending on the event that has occurred, the Sum Assured can be increased
by an amount equal to 25% or 50% of the Base Sum Assured, subject to a maximum increase of 100% of the Base Sum Assured but not exceeding Rs. 1 Crore.
The facility can be exercised on occurrence of any of the following events:
| Event |
Additional Cover |
| Marriage (Once during the policy term, not available if already married) |
Min. of (50% of Base sum assured chosen at inception or ₹50 lakh) |
| Birth/Legal Adoption of 1st Child |
Min. of (25% of Base sum assured chosen at inception or ₹25 lakh) |
| Birth/Legal Adoption of 2nd Child |
Min. of (25% of Base sum assured chosen at inception or ₹25 lakh) |
| On purchase of house (Once during the policy term) |
Min. of (50% of Base sum assured chosen at inception or ₹50 lakh) |
Spouse cover
This option provides add-on cover for the spouse (secondary life) which shall trigger only at the death of the Primary Life Insured.
At inception, Policyholder shall have the flexibility to choose the Sum Assured for Spouse (secondary Life) between 20 Lakhs to 50 Lakhs,
subject to a maximum of 50% of the Base Sum Assured chosen by the Primary Life at inception. On death of the Primary Life Insured,
the death benefit as applicable shall be payable and the life cover for spouse will get triggered for the remaining policy
term or till the end of policy year in which the spouse attains age of 85 years, whichever is earlier. No future premiums are to
be paid by the Secondary life and on death of the Spouse (secondary life) during the remaining policy term or till attainment of age 85
(Whichever is earlier), the applicable Spouse Cover Sum Assured shall be payable.
If the Spouse (secondary Life) dies before the death of the Primary Life Insured, this benefit will not be available, as the Spouse Cover gets triggered only after the death of the Primary Life Insured.
