Death Benefit

In case of an unfortunate demise of the Life Insured during the Policy Term provided all due premiums are paid, the following benefits shall be payable:

Maturity Benefit

On survival of the Life Insured till maturity date, the Fund Value including Top-Up fund value, if any, shall be payable and the policy shall terminate.

Persistency Units

As a reward for continuing your policy (i.e. when all due premiums are paid), Persistency units shall be added to your Fund(s). Persistency units will be calculated as a percentage of the average of Fund Value (including Top-Up premium fund value) of preceding 36 monthly policy anniversaries and will be allocated to your unit account at the end of every policy year, starting from the end of the sixth policy year.

Persistency Boosters

In addition to Persistency Units mentioned above, Persistency Boosters would be allocated as extra units at the end of every fifth policy year, starting from the end of tenth policy year till the end of 30th policy year. Persistency Booster as a percentage of average Fund Value including Top-up Fund Value of preceding 36 monthly policy anniversaries would be allocated to the policyholder’s unit account at the end of 10th, 15th, 20th, 25th and 30th policy year, if they fall within the prevailing policy term.

Return of Mortality Charges

On Survival of the Life Insured till the end of the Policy Term, an amount equal to the total of all the Mortality Charges deducted during the Policy Term will be added to the total Fund Value (Base Fund value plus Top Up Fund value) at the Maturity Date provided the Policy is in-force and all due premiums have been received in full as on the Maturity Date.

Flexibilities available in the plan

In case of an unfortunate demise of the Life Insured during the Policy Term provided all due premiums are paid, the following benefits shall be payable:

Death Benefit shall be

• Immediate Lump Sum on Death of Life Insured: A lump sum benefit equal to higher of the Sum Assured* including Top-Up Sum Assured, if any, or 105% of total premiums paid including Top-Up premiums, if any, shall be immediately paid to the nominee or the beneficiary as the case be and
• Waiver of future premiums (WOP): All future premiums will be paid into the policy by the company as and when they are due till the end of Premium Payment Term.
• Fund Value at Maturity: Fund Value, including Top-Up Fund Value, if any, at Maturity shall be paid to the Nominee or the beneficiary as the case be.

On survival of the Life Insured till maturity date, the Fund Value including Top-Up fund value, if any, shall be payable and the policy shall terminate.

As a reward for continuing your policy (i.e. when all due premiums are paid), Persistency units shall be added to your Fund(s). Persistency units will be calculated as a percentage of the average of Fund Value (including Top-Up premium fund value) of preceding 36 monthly policy anniversaries and will be allocated to your unit account at the end of every policy year, starting from the end of the sixth policy year.

In addition to Persistency Units mentioned above, Persistency Boosters would be allocated as extra units at the end of every fifth policy year, starting from the end of tenth policy year till the end of 30th policy year. Persistency Booster as a percentage of average Fund Value including Top-up Fund Value of preceding 36 monthly policy anniversaries would be allocated to the policyholder’s unit account at the end of 10th, 15th, 20th, 25th and 30th policy year, if they fall within the prevailing policy term.

On Survival of the Life Insured till the end of the Policy Term, an amount equal to the total of all the Mortality Charges deducted during the Policy Term will be added to the total Fund Value (Base Fund value plus Top Up Fund value) at the Maturity Date provided the Policy is in-force and all due premiums have been received in full as on the Maturity Date.

• Switching option

  Within Defined Portfolio Strategy, you can switch your investments within the available funds, depending on your financial priorities and investment decision. There are no switching charges or restriction on number of switches during the entire policy term.

• Premium Redirection

  Within Defined Portfolio Strategy, you have the flexibility to change the proportion of Premium that is invested in different funds by giving an advance notice to the Company. There are no Premium Redirection charges or restriction on number of redirection during the entire policy term.

• Partial withdrawals

  To manage any unexpected need for money or for any exigency, partial withdrawals can be made from your investment account only after completion of 5 Policy years (Lock-in Period).

• Systematic Withdrawal Option (SWO)

  Looking at the need of your regular cash flow requirements, you may opt for Systematic Withdrawal Option (SWO), which is an automated partial withdrawal facility that can be opted anytime from 10th policy year or thereafter. Under this facility, a pre-decided percentage of Fund Value shall be withdrawn at the chosen payout frequency and paid till the end of the Policy Term

• Settlement option

  Upon Maturity of the policy, you will have the option, to receive maturity benefit as a structured payout over a period of up to 5 years post maturity by availing settlement option.

In case of an unfortunate demise of the Life Insured during the Policy Term provided all due premiums are paid, the following benefits shall be payable:

Death Benefit shall be higher of

• Sum Assured ^* including Top-Up Sum Assured, if any or
• Fund Value, including Top-Up Fund Value, if any, or
• 105% of total premiums paid till date of death, including Top-Up premiums, if any.

Where, Sum Assured is a multiple of Annualized Premium based upon the age at entry of the Life Insured.

On survival of the Life Insured till maturity date, the Fund Value including Top-Up fund value, if any, shall be payable and the policy shall terminate.

As a reward for continuing your policy (i.e. when all due premiums are paid), Persistency units shall be added to your Fund(s). Persistency units will be calculated as a percentage of the average of Fund Value (including Top-Up premium fund value) of preceding 36 monthly policy anniversaries and will be allocated to your unit account at the end of every policy year, starting from the end of the sixth policy year.

In addition to Persistency Units mentioned above, Persistency Boosters would be allocated as extra units at the end of every fifth policy year, starting from the end of tenth policy year till the end of 30th policy year. Persistency Booster as a percentage of average Fund Value including Top-up Fund Value of preceding 36 monthly policy anniversaries would be allocated to the policyholder’s unit account at the end of 10th, 15th, 20th, 25th and 30th policy year, if they fall within the prevailing policy term.

On Survival of the Life Insured till the end of the Policy Term, an amount equal to the total of all the Mortality Charges deducted during the Policy Term will be added to the total Fund Value (Base Fund value plus Top Up Fund value) at the Maturity Date provided the Policy is in-force and all due premiums have been received in full as on the Maturity Date.

• Switching option

  Within Defined Portfolio Strategy, you can switch your investments within the available funds, depending on your financial priorities and investment decision. There are no switching charges or restriction on number of switches during the entire policy term.

• Premium Redirection

  Within Defined Portfolio Strategy, you have the flexibility to change the proportion of Premium that is invested in different funds by giving an advance notice to the Company. There are no Premium Redirection charges or restriction on number of redirection during the entire policy term.

• Partial withdrawals

  To manage any unexpected need for money or for any exigency, partial withdrawals can be made from your investment account only after completion of 5 Policy years (Lock-in Period).

• Systematic Withdrawal Option (SWO)

  Looking at the need of your regular cash flow requirements, you may opt for Systematic Withdrawal Option (SWO), which is an automated partial withdrawal facility that can be opted anytime from 10th policy year or thereafter. Under this facility, a pre-decided percentage of Fund Value shall be withdrawn at the chosen payout frequency and paid till the end of the Policy Term

• Settlement option

  Upon Maturity of the policy, you will have the option, to receive maturity benefit as a structured payout over a period of up to 5 years post maturity by availing settlement option.

In case of an unfortunate demise of the Life Insured during the Policy Term provided all due premiums are paid, the following benefits shall be payable:

Death Benefit shall be higher of

• Sum Assured^* including Top-Up Sum Assured, if any or
• Fund Value, including Top-Up Fund Value, if any, or
• 105% of total premiums paid till date of death, including Top-Up premiums, if any.

Where, Sum Assured is a multiple of Annualized Premium based upon the age at entry of the Life Insured.

On survival of the Life Insured till maturity date, the Fund Value including Top-Up fund value, if any, shall be payable and the policy shall terminate.

As a reward for continuing your policy (i.e. when all due premiums are paid), Persistency units shall be added to your Fund(s). Persistency units will be calculated as a percentage of the average of Fund Value (including Top-Up premium fund value) of preceding 36 monthly policy anniversaries and will be allocated to your unit account at the end of every policy year, starting from the end of the sixth policy year.

In addition to Persistency Units mentioned above, Persistency Boosters would be allocated as extra units at the end of every fifth policy year, starting from the end of tenth policy year till the end of 30th policy year. Persistency Booster as a percentage of average Fund Value including Top-up Fund Value of preceding 36 monthly policy anniversaries would be allocated to the policyholder’s unit account at the end of 10th, 15th, 20th, 25th and 30th policy year, if they fall within the prevailing policy term.

On Survival of the Life Insured till the end of the Policy Term, an amount equal to the total of all the Mortality Charges deducted during the Policy Term will be added to the total Fund Value (Base Fund value plus Top Up Fund value) at the Maturity Date provided the Policy is in-force and all due premiums have been received in full as on the Maturity Date.

• Switching option

  Within Defined Portfolio Strategy, you can switch your investments within the available funds, depending on your financial priorities and investment decision. There are no switching charges or restriction on number of switches during the entire policy term.

• Premium Redirection

  Within Defined Portfolio Strategy, you have the flexibility to change the proportion of Premium that is invested in different funds by giving an advance notice to the Company. There are no Premium Redirection charges or restriction on number of redirection during the entire policy term.

• Partial withdrawals

  To manage any unexpected need for money or for any exigency, partial withdrawals can be made from your investment account only after completion of 5 Policy years (Lock-in Period).

• Systematic Withdrawal Option (SWO)

  Looking at the need of your regular cash flow requirements, you may opt for Systematic Withdrawal Option (SWO), which is an automated partial withdrawal facility that can be opted anytime from 10th policy year or thereafter. Under this facility, a pre-decided percentage of Fund Value shall be withdrawn at the chosen payout frequency and paid till the end of the Policy Term

• Settlement option

  Upon Maturity of the policy, you will have the option, to receive maturity benefit as a structured payout over a period of up to 5 years post maturity by availing settlement option.

In case of an unfortunate demise of the Life Insured during the Policy Term provided all due premiums are paid, the following benefits shall be payable:

Death Benefit shall be

• Immediate Lump Sum on Death of Life Insured: A lump sum benefit equal to higher of the Sum Assured* including Top-Up Sum Assured, if any, or 105% of total premiums paid including Top-Up premiums, if any, shall be immediately paid to the nominee or the beneficiary as the case be and
• Waiver of future premiums (WOP): All future premiums will be paid into the policy by the company as and when they are due till the end of Premium Payment Term.
• Fund Value at Maturity: Fund Value, including Top-Up Fund Value, if any, at Maturity shall be paid to the Nominee or the beneficiary as the case be.

On survival of the Life Insured till maturity date, the Fund Value including Top-Up fund value, if any, shall be payable and the policy shall terminate.

As a reward for continuing your policy (i.e. when all due premiums are paid), Persistency units shall be added to your Fund(s). Persistency units will be calculated as a percentage of the average of Fund Value (including Top-Up premium fund value) of preceding 36 monthly policy anniversaries and will be allocated to your unit account at the end of every policy year, starting from the end of the sixth policy year.

In addition to Persistency Units mentioned above, Persistency Boosters would be allocated as extra units at the end of every fifth policy year, starting from the end of tenth policy year till the end of 30th policy year. Persistency Booster as a percentage of average Fund Value including Top-up Fund Value of preceding 36 monthly policy anniversaries would be allocated to the policyholder’s unit account at the end of 10th, 15th, 20th, 25th and 30th policy year, if they fall within the prevailing policy term.

On Survival of the Life Insured till the end of the Policy Term, an amount equal to the total of all the Mortality Charges deducted during the Policy Term will be added to the total Fund Value (Base Fund value plus Top Up Fund value) at the Maturity Date provided the Policy is in-force and all due premiums have been received in full as on the Maturity Date.

• Switching option

  Within Defined Portfolio Strategy, you can switch your investments within the available funds, depending on your financial priorities and investment decision. There are no switching charges or restriction on number of switches during the entire policy term.

• Premium Redirection

  Within Defined Portfolio Strategy, you have the flexibility to change the proportion of Premium that is invested in different funds by giving an advance notice to the Company. There are no Premium Redirection charges or restriction on number of redirection during the entire policy term.

• Partial withdrawals

  To manage any unexpected need for money or for any exigency, partial withdrawals can be made from your investment account only after completion of 5 Policy years (Lock-in Period).

• Systematic Withdrawal Option (SWO)

  Looking at the need of your regular cash flow requirements, you may opt for Systematic Withdrawal Option (SWO), which is an automated partial withdrawal facility that can be opted anytime from 10th policy year or thereafter. Under this facility, a pre-decided percentage of Fund Value shall be withdrawn at the chosen payout frequency and paid till the end of the Policy Term

• Settlement option

  Upon Maturity of the policy, you will have the option, to receive maturity benefit as a structured payout over a period of up to 5 years post maturity by availing settlement option.

In case of an unfortunate demise of the Life Insured during the Policy Term provided all due premiums are paid, the following benefits shall be payable:

Death Benefit shall be higher of

• Sum Assured ^* including Top-Up Sum Assured, if any or
• Fund Value, including Top-Up Fund Value, if any, or
• 105% of total premiums paid till date of death, including Top-Up premiums, if any.

Where, Sum Assured is a multiple of Annualized Premium based upon the age at entry of the Life Insured.

On survival of the Life Insured till maturity date, the Fund Value including Top-Up fund value, if any, shall be payable and the policy shall terminate.

As a reward for continuing your policy (i.e. when all due premiums are paid), Persistency units shall be added to your Fund(s). Persistency units will be calculated as a percentage of the average of Fund Value (including Top-Up premium fund value) of preceding 36 monthly policy anniversaries and will be allocated to your unit account at the end of every policy year, starting from the end of the sixth policy year.

In addition to Persistency Units mentioned above, Persistency Boosters would be allocated as extra units at the end of every fifth policy year, starting from the end of tenth policy year till the end of 30th policy year. Persistency Booster as a percentage of average Fund Value including Top-up Fund Value of preceding 36 monthly policy anniversaries would be allocated to the policyholder’s unit account at the end of 10th, 15th, 20th, 25th and 30th policy year, if they fall within the prevailing policy term.

On Survival of the Life Insured till the end of the Policy Term, an amount equal to the total of all the Mortality Charges deducted during the Policy Term will be added to the total Fund Value (Base Fund value plus Top Up Fund value) at the Maturity Date provided the Policy is in-force and all due premiums have been received in full as on the Maturity Date.

• Switching option

  Within Defined Portfolio Strategy, you can switch your investments within the available funds, depending on your financial priorities and investment decision. There are no switching charges or restriction on number of switches during the entire policy term.

• Premium Redirection

  Within Defined Portfolio Strategy, you have the flexibility to change the proportion of Premium that is invested in different funds by giving an advance notice to the Company. There are no Premium Redirection charges or restriction on number of redirection during the entire policy term.

• Partial withdrawals

  To manage any unexpected need for money or for any exigency, partial withdrawals can be made from your investment account only after completion of 5 Policy years (Lock-in Period).

• Systematic Withdrawal Option (SWO)

  Looking at the need of your regular cash flow requirements, you may opt for Systematic Withdrawal Option (SWO), which is an automated partial withdrawal facility that can be opted anytime from 10th policy year or thereafter. Under this facility, a pre-decided percentage of Fund Value shall be withdrawn at the chosen payout frequency and paid till the end of the Policy Term

• Settlement option

  Upon Maturity of the policy, you will have the option, to receive maturity benefit as a structured payout over a period of up to 5 years post maturity by availing settlement option.