For 12 year policy term – 6 yearsFor 10 year policy term – 8 years

• Maturity Benefit:

  On maturity of the policy, the insured will be paid the guaranteed Maturity Sum Assured.

• Death benefit:

  In the event of your unfortunate demise, your family will be paid the guaranteed Sum Assured on death.

• Automatic Life Cover:

  If you fail to pay certain premiums, the guaranteed death benefit under this policy will continue for two or three years. At least 2 years premiums must have been paid for this benefit to continue for another 2 years, and at least 3 years premiums have to have been paid in order to get the benefit for 3 years.

  If the life insured dies during this period, full death benefits will be paid. The automatic life cover will continue for 2 or 3 year seven if the policy cannot be revived.

• Equal to policy term.

Maximum: Rs.12,000.

You need to submit a written reason for objection. The premium will be provided to you if you give a written notice for cancellation along with the policy document.

Surrender Value paid is the higher of:

• Special Surrender Value, or
• Guaranteed Surrender Value.

(after deduction of loans).

Guaranteed Surrender Value factors are provided as below:

• If death occurs within 1 year from the commencement date, then 80% of the premiums paid (excluding the premiums paid for extra mortality rating) and service tax will be paid to the nominee/s.
• If death occurs within 1 year from the reinstatement date, Surrender Value as available as on the date of death will be paid to the nominee/s.
• If the policy is reinstated within the automatic life cover period and the life insured commits suicide within 1 year of reinstatement, the following benefits become payable:

• Full Death Benefit, and
• Surrender Value, if any.