A Non-Linked, Non-Participating, Individual, Life Assurance Savings Plan which offers an attractive combination of protection and savings. This plan provides financial support for the family in case of unfortunate death of the policyholders during the policy term and guaranteed lumpsum payment to the surviving policyholder at the time of maturity.
Guaranteed Amount on Maturity
On reaching the date of maturity, you would receive Sum Assured + All Guaranteed Additions accumulated till date. The Guaranteed Additions are added every year @ Rs. 50 per 1,000 Sum Assured.
25% Extra Risk Cover for the Entire Term
On death during the policy term after the date of commencement of risk “Sum Assured on Death” and Accrued Guaranteed Additions. Where “Sum Assured on Death” is defined as higher of 125% of Basic Sum Assured or 7 times of annualised premium.
Advantages
Tension Free Claim Settlement
Death Benefit during Waiting period
Eligibility Criteria
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Minimum
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Maximum
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Age of Entry
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18 years
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65 years
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Basic Sum Assured
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5 Lakhs
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25 Lakhs
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Policy Term
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5 years
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40 years
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Premium Paying Term (Regular)
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Same as Policy term
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Premium Paying Term (Limited)
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5 years and 10 years
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Premium Paying Term (SIngle)
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Lumpsum
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Premium Paying Mode
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Single, Yearly, Half Yearly, Monthly
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Sum Assured on Death
- For Regular and Limited Premium Payment…..Highest of
10 times Annualised premium or
105 % of all premiums Paid as on date of death or
100% of Basic Sum Assured
- For Single Premium Payment…..Highest of
125% of Single Premium or
100% of Basic Sum Assured
Death Benefit :
- Waiting Period : 45 days from Date of Commencement of Policy
- Death Benefit (Anytime during Waiting Period)
Natural Death : Refund of Premiums
Accidental Death : Sum Assured on Death will be payable
- Death Benefit (Anytime after Waiting Period)
Sum Assured on Death will be Payable
Maturity Benefit :
On Survival till end of policy term, No Maturity Benefit will be Payable.