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Maturity Benefits
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On maturity of the Policy at the end of the term, the Policy will pay the Fund Value, i.e. value of regular premium units and top-up units, if any. All death and rider risk covers chosen will cease on maturity.
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Death Benefits
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In the case of the demise of the Life Insured before expiry of the Policy term, the sum payable is greater of the sum assured or value of all regular premium units. In addition, the value of top-up units, if any, will also be payable.
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Loan against policy
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No loan is available on the Policy under this plan.
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Switch Benefit
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You can switch your investments within the available funds, depending on your financial priorities and investment decision. In any year, 4 switches are available free of cost.
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Partial Withdrawal Benefit
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Partial Withdrawals can be made from your investment account after three Policy years. There is a three years lock-in period for each top up premium payment made except for the last three years. Four partial withdrawals in a Policy year are available free of cost.
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Surrender Benefit
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The Policy holder can surrender the Policy after completion of three Policy years. However, the Policy will acquire surrender value after payment of full one-year premium. The surrender value will be the fund value less surrender charges on regular premium unit account. There is no surrender charge applicable on the top-up unit account.
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