Minimum entry age

12 years

Maximum entry age

50 years

Maturity age

56 years

Policy term

6 years

Premium payment term

6 years

Minimum annualised premium

Rs.48,000 p.a. for individuals below 40 years of age

Rs.60,000 p.a. for individuals of 40 years and above

Maximum annualised premium

Rs.2,50,000 p.a.

Type

Traditional participating insurance plan

Basis

Single

Coverage

The plan offers guaranteed maturity and death benefit.

• Maturity benefit- The plan offers guaranteed maturity benefit. From the 6th year of the policy, the customer will get 135% of the annualised premium paid every year at the end of the year. The maturity benefit will be paid only if all the premiums have been paid.
• Death benefit- In case of the demise of the policyholder, the nominee will be paid the sum assured under the policy.

Policy term

6 years

Premium payment term

6 years

Sum assured

10 times the annualised premium

Grace period

A grace period of 30 days is granted on the policy

Free look period

The policy comes with a free look period of 30 days wherein the policy can be returned within 30 days if the customer is not satisfied with it

Loan facility

Policy loan is not available for this plan

Tax benefits

The policy qualifies for tax benefits under section 80C and 10D of the Income Tax Act, 1961.

Reinstatement

The customer can get their policy reinstated from the due date of the first unpaid premium.

Maturity benefit

The customer will be paid 135% of the annualised premium paid as maturity benefit. The maturity benefit will be paid only from the 6th year of the policy.

Death benefit

In case of the demise of the policyholder, the nominee will be paid the sum assured as the death benefit

Tax benefit

The policy qualifies for tax benefits under section 80C and 10D of the Income Tax Act, 1961