|
|
|
Benefits
|
|
|
| Particulars | Description |
|
Maturity Benefits
|
On survival till the maturity date, you will receive the Fund Value pertaining to regular premiums, top-up premiums and loyalty addition, if any, as on the maturity date.
|
|
Death Benefits
|
In case of the unfortunate death of the life insured during the term of the policy and subject to the conditionthat all due premiums have been paid, the nominee will receive the Base Sum Assured or Fund Value pertaining to regular premiums, whichever is higher plus top-up Sum Assured or Fund Value pertaining to top-up premiums(if any), whichever is higher.If the policy is issued on joint life basis with spouse, the policy will terminate by paying the Death Benefit asdefined above on first death.If a policy is discontinued, the Company shall send a notice within a period of 15 days from the date of expiry of grace period to the Policyholder to exercise the option to revive the policy within a period of 30 days of receipt of such notice. During this period the policy is deemed to be in-force with full risk cover as per terms and conditions of the policy and death benefit described above shall be payable during this period.An Accidental death cover, subject to a maximum of Rs 50 Lacs is also payable if the age of the Life Insured is between 18 to 60 years last birthday at the time of death and the death is because of an accident. The amount of Accidental Death Sum Assured shall be specified in the Policy Schedule.
|
|
Partial Withdrawal Benefit
|
This plan addresses any liquidity concerns you may have by allowing you to withdraw money from your fund without complete withdrawal of your policy.- Partial withdrawals from fund value pertaining to regular premiums are allowed after completion of first 5 policy years, and from Fund Value pertaining to top-up premiums are allowed after 5 years from the date of payment of each top-up premium. Partial withdrawals are permitted only if life insured has attained age 18 years last birthday.- The partial withdrawal will be made first from the fund value pertaining to top-up premium, if any and eligible, and then from the fund value pertaining to regular premium.- You may make upto 4 partial withdrawals in a policy year, with the minimum withdrawal amount being Rs. 5,000 and maximum being 25% of the fund value pertaining to regular premiums as at the beginning of such year. The maximum limit of 25% is not applicable if the age of life insured is more than or equal to 58 years (age of elder in case of joint life policy) at the time of such withdrawal. The maximum limit is not applicable on the withdrawal from fund value pertaining to top-up premiums.
|
|
|
|
Tax Benefits
|
|
|
|
|
| No data for Tax Benefits |
|
|