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Maturity Benefits
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Fund Value (including top up fund value, if any) available to the credit of the policyholder as on the date of maturity will become payable on survival of the policyholder at the end of the term of the policy.
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Maturity Benefits
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The maturity benefits may be paid in one lump sum at the time of maturity or in annual instalments not exceeding five, as selected by the policyholder.
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Maturity Benefits
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If one of the settlement options is chosen, then the fund value will remain nvested in the existing funds. During the settlement period, the investment risk in the investment portfolio is borne by the Life Asured/Assignee, as the case may be. In case of death during settlement period: Balance Fund Value is payable to the legal heirs. No Partial Withdrawal or switching is allowed during the settlement period.
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Maturity Benefits
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Payments will be received by the LifeAssured/Assignee, as the case may be, in the form ofyearly, half-yearly, quarterly or monthly instalments. Half-yearly, quarterly and Monthly modes are available only through ECS credit.
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Maturity Benefits
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During the settlement period, only fund management charges will be deducted.
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Death Benefits
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A death benefit is payable in the unfortunate event of the death of the life assured as follows:
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Death Benefits
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a) In the event of death of the life assured, during the term of the policy, the death benefit payable is
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Death Benefits
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Fund Value (including top up fund value, if any) Plus Sum Assured
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Death Benefits
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Plus Rider Sum Assured as chosen by the polictholder, if any.
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Death Benefits
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Less mortality charges and rider charges (if any) due during the policy year in which death occurs, which were not recovered already.
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Death Benefits
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Once the death claim is paid, the contract ceases to exist.
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Partial Withdrawal Benefit
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Only thefirst partial withdrawal in a policy year is free. Further additional Partial withdrawals will be charged Rs.100 per withdrawal. There is no carrry forward of free unused partial withdrawals to the future policy year(s).
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Partial Withdrawal Benefit
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Partial Withdrawal is not allowed in the first five years of the policy or wen the life assured is a minor. It ois allowed from the sixth policy year onwards or on thelife assured attaining age 18 whichever is later.
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Partial Withdrawal Benefit
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Partial withdrawals will be allowed from the top up account first, as long as the top up account allows for partial withdrawals.
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