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Maturity Benefits
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On maturity of the Policy, you will receive the Total Fund Value as on the maturity date.
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Maturity Benefits
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If you wish to defer your maturity proceeds, you may choose to do so with the Settlement Option.
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Maturity Benefits
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Under this option, you may choose to take your Total Fund Value in installments within 5years from the date of maturity or choose a combination of part lump sum and part installment
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Maturity Benefits
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At anytime during the settlement period you can take the outstanding Fund Value terminating the Policy
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Maturity Benefits
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If you choose the settlement optiion, you will have to bear the risks involved in the Unit-Liked Funds. The number of withdrawals in any calendar year would be limited to 12. The minimum withdrawal during the Settlement Option should be 5% of the Fund Value.
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Maturity Benefits
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The life insurance cover during this period would not be applicable, andin case of death of the Policyholder during this period, the Fund Value as on that date shall be paid, and the Policy will be terminated
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Maturity Benefits
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If you wish to opt for the Settlement Option, you need to inform the Company at least 90 days prior to the date of maturity
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Maturity Benefits
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The Fund in Settlement Option will be subject to Policy Administration and Fund Management charges as defined under Your charges section. No other charges will be deducted during the settlement period
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Death Benefits
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In the unfortunate event of your demise, while the Policy is in force & before the maturity date, your nominee will get the following Death Benefit.
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Death Benefits
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(i) 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 higher of: The Single Premium Fund Value (the value of Units pertaining to Base Premium Account), or
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Death Benefits
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The Base Sum Assured less all Partial Withdrawals (excluding any withdrawals made from Top-up Premium Account), made in accordance with the Partial Withdrawal provisions in the last 24 months preceding the date of death of the Person Insured or
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Death Benefits
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105% of the total Single Premium paid
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Partial Withdrawal Benefit
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You have the option to withdraw monies from your Policy to meet your liquidity needs in case of any emergency after 5th Policy Anniversary. The minimum amount of Partial Withdrawal should be Rs.5000 and the maximum amount of Partial Withdrawal should not exceed 5% of the Total Fund Value. The Total Fund Value after any withdrawal should be at least equal to 30% of the Single Premium. You may make one Partial Withdrawal in a Policy Year (either from Single Premium or Top-up Premium Account) free of charge. Partial WIthdrawals are allowed first from the Top-up Premium Account and then from the Single Premium Account.
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Surrender Benefit
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The Policyholder may opt to surrender the Policy at any time after the first 5years of the Policy Term. Upon surrender of a Policy, the Total Fund Value will be payable upon processing thesurrender request. No surrender is allowed during the first 5years of the Policy Term (lock-in period). No Surrender Charges are applicable under the Policy.
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Surrender Benefit
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In exceptional circumstances, the Company may defer the surrender of the Policy for a period not exceeding 30days from the date of application with prior approval from IRDA. Examples of such circumstances are:
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Surrender Benefit
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When one or more stock exchanges which provide a basis for valuation for a substantial portion of the assets of the Fund are closed other than for ordinary holidays
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Surrender Benefit
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When, as a result of political, economic, monetary or any circumstances that are out of th control of the Company, the disposal of the assets of the Unit-Liked Fund(s) are not reasonable or would not reasonably be practicable without being detrimental to the interests of the remaining Policyholders invested in the Unit-Linked Fund(s)
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Surrender Benefit
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During periods of extreme volatility of markets resulting into non-valuation of Funds, during whic surrenders would, in our opinion, be detrimental to the interests of the existing Policyholders invested in the Unit-Linked Fund(s)
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Surrender Benefit
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In case of natural calamities, strikes, war, civil unrest, riots and bandhs
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Surrender Benefit
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In event of any force majeure or disaster that affects our normal functioning
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