Maturity Benefit (For all Plan Options)

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

Surrender

The policy will acquire surrender value immediately from the first policy year. However, no surrender value will be payable during the “lock in period”, which is a period of five consecutive Policy Years from the date of commencement of the Policy. If the Policyholder opts for surrender within the first five Policy Years, the Fund Value, after deducting the applicable discontinuance charges, shall be credited to the Discontinued Policy Fund, the risk cover and rider cover, if any, shall cease. The proceeds from the discontinued policy Fund shall be paid at the end of the lock-in period as the Surrender Value. Only fund management charges shall be deducted from this fund during this period.

The income earned on this fund shall be at least the minimum rate as prescribed by the IRDAI from time to time. The current prescribed minimum guaranteed rate of interest applicable is 4% per annum. The excess income earned in the discontinued policy fund over and above the minimum guaranteed interest will also be accounted to the discontinued policy fund.

If the Policyholder opts for surrendering the policy after the completion of the fifth policy year, the Fund Value will be paid.

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 (including mortality charge deducted on the Top-up Sum Assured as applicable) 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 are paid in full as on the Maturity Date.

The Return on Mortality Charges is subject to the following:

• 1. The amount payable under the Return of Mortality Charge shall exclude any GST and cess with respect to the Mortality Charge that has been deducted.
• 2. The amount of Return of Mortality Charge due with respect to Top up Premium will also be added to the regular Premium Fund Value
• 3. The amount of Return of Mortality Charge will be added to the Funds in the same proportion as the value of those Funds as on the date of the Return of Mortality Charge. Unit Price as on the date of such addition will be used for the unitization
• 4. No Return of Mortality Charge will be available in a Policy that has been terminated, discontinued, death benefits triggered Policy or converted to a reduced paid-up policy
• 5. Any Mortality Charge deducted during the Settlement Period shall not be refunded
• 6. No Income and WOP charges shall be returned on Maturity.

Guaranteed Additions

Guaranteed Additions is defined as a percentage of Premium Paid as given in the table below. This is allocated to the fund at the time of Premium Allocation for first policy year which results in higher allocation for the Policyholder. Further, for Female Life an additional 10% of credited Guaranteed Additions is allocated to the fund value.

Premium Bands are basis Annualized Premium.

Guaranteed Additions will be applicable for the first policy year premium only and will be recovered in case the Policy is cancelled under free-look.