Entry Age

• Minimum – 18 years
• Maximum – 45 Years

Maturity Age

Maximum – 60 years

Annual Premium

• Minimum – Rs.1,500
• Maximum – Rs.20,000

Death Sum Assured

• Minimum – Rs.7,500
• Maximum – Rs.1,00,000

Maturity Sum Assured

• Minimum – Rs.3,000
• Maximum – Rs.40,000

Type

Traditional Endowment plan

Coverage

Death Benefit – In the event of death of life insured during policy term, the beneficiary shall receive Sum Assured on Death, which is equal to 500% of Single Premium paid.

Maturity Benefit – 200% of Single Premium paid will be paid out as Sum Assured on Maturity of the plan.

Surrender Benefit – Policy holder may surrender the plan before maturity. He/she shall be eligible for the following surrender values as per Single Premium (SP) paid:

• Year 1 – NA
• Year 2 – 70% of SP
• Year 3 – 70% of SP
• Year 4 – 90% of SP
• Year 5 – 95% of SP
• Year 6 – 100% of SP
• Year 7 – 105% of SP
• Year 8 – 110% of SP
• Year 9 – 115% of SP
• Year 10 – 120% of SP
• Year 11 – 125% of SP
• Year 12 – 130% of SP
• Year 13 – 145% of SP
• Year 14 – 160% of SP
• Year 15 – 180% of SP

Basis

Individual

Premium paying term

15 years (fixed)

Premium paying modes

Single

Payout period

7 PPT – 8 annual payouts, beginning from the end of 8th policy year

10 PPT – 10 annual payouts, beginning from the end of 11th policy year

15 PPT – 15 annual payouts, beginning from the end of 16th policy year

Renewability

NA

Loans

NA

Suicide Exclusion

80% of Single Premium paid will be returned to nominee if policyholder commits suicide within 1 year of date of issue of policy.

Free Look Period

15 days free look period is offered (30 days if policy sold through distance marketing) wherein a policyholder may return the policy if he/is not agreeable to terms and conditions of the plan. Refund of premium will be processed after adjustments for stamp duty, medical examination and proportionate risk premium for period covered.

Tax Benefits

Tax benefits are available under Section 80C and Section 10 (10D) of the Income Tax Act, 1961. Service tax shall be applicable over and above premium paid.

Riders

Information unavailable

Single Premium

Rs.10,000

Maturity Benefit at the end of 15^th year

Rs.20,000

Death Benefit during policy term

Rs.50,000

Surrender Benefit

• Year 1 – NA
• Year 2 – Rs.7,000
• Year 3 – Rs.7,000
• Year 4 – Rs.9,000
• Year 5 – Rs.9,500
• Year 6 – Rs.10,000
• Year 7 – Rs.10,500
• Year 8 – Rs.11,000
• Year 9 – Rs.11,500
• Year 10 – Rs.12,000
• Year 11 – Rs.12,500
• Year 12 – Rs.13,000
• Year 13 – Rs.14,500
• Year 14 – Rs.16,000
• Year 15 – Rs.18,000