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Maturity Benefits
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On maturity of the policy, you will receive the Fund Value as on the maturity date. On the Maturity Date, the Policy holder is entitled to choosethe Settlement Options for claiming the Maturity benefit.
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Maturity Benefits
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On the Maturity Date, the Person Insured is entitled to choose any one of the following Settlement Options for claiming the Maturity benefit.
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Maturity Benefits
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(a) Total withdrawal of the Total Fund Value as on the Maturity Date resulting in termination of thecontract.
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Maturity Benefits
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(b) Withdrawals of the Total Fund Value at regular intervals chosen by the Policy holder during an extended Maturity Benefit Period of not more than five years commencing from the Maturity Date. The Fund Value payable at such intervals will be calculated at the Net Asset Value as on the relevant date of withdrawal subject to applicable rules. Additiional partial withdrawal requests would not be allowed during the settlement period
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Maturity Benefits
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(c) A combination of part lump sum withdrawal on maturity date and regular withdrawal as mentioned.
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Maturity Benefits
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Where the Policy holder has chosen option (b) or (c), the inherent risk of fluctuating market values of the following underlying assets during the period over which the maturity benefit is settled as per option (b) or (c) shall be borne by him/her and the applicable Fund Management Charges and Administration Charges will be levied. No Mortality Charges will be levied during the Settlement Period
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Death Benefits
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In the unfortunate event of death, while the policy is force and before the maturity date, your nominee will get the following death benefit:
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Death Benefits
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If the death of the Person Insured occurs before the attainment of age 60:
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Death Benefits
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The Death Benefit payable will be the higher of: The Fund Value (the value of units pertaining to Regular Premium Account), or,
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Death Benefits
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Sum Assured less all Partial Withdrawals made in accordance with the Partial Withdrawal provisions in the last 24 months preceding the date of death of teh Person Insured.
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Death Benefits
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105% of the Total Regular Premiums paid less all Partial Withdrawals, made in accordance with the Partial Withdrawal provisios in the last 24 months preceding the date of death of the Person Insured.
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Death Benefits
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If the death of the Person Insured occurs on or after the attainment of age 60: Policy Year will attract the switching charge as mentioned below. The minimum value of every switch should be Rs.5000. However, switches made over the internet are free, irrespective of the number of switches made.
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Partial Withdrawal Benefit
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You have the option of Partial Withdrawal from Fund Value to meet your liquidity needs in case of any emergency after completion of 5 policy years. The minimum amount of Partial Withdrawal should be Rs.5000. The remaining Fund Value after any withdrawal should be at least equal to the sum of 120% of the Annualised Base Premium plus applicable Premium Discontinuance Charges. You may make one Partial Withdrawal in a policy year free of charge.
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