• Minimum – 25 years.
• Maximum – 60 years.
• For a policy term of 20 years - 55 years maximum.

• For a 10 year policy term:

  Minimum: Rs.14,20,000.

  Maximum: Rs.1,42,00,000.

• For a 15 year policy term:

  Minimum: Rs.12,00,000.

  Maximum: Rs.1,24,00,000.

• For a 20 year policy term:

  Minimum: Rs.9,10,000.

  Maximum: Rs.95,00,000.

• The nominee will receive the chosen monthly income for the chosen benefit payout period.
• The first payout is made at the end of one month after the date of death.
• The benefit payout period depends on the policy term chosen.

  Policy Term (in years)	Benefit Payout Period (in months)
  10	240
  15	180
  20	120

• The nominee has the option to the take the death benefit amount as a lumpsum at the time of death.
• The sum assured on death is the higher of:

10 times the annualized premium, or 105% of all the premiums paid as on the date of death, or Pay Sum Assured, or Maturity Sum Assured – as required by the regulation.

Maturity Benefit – On completing the policy term, you will be entitled to the following:

• Term cover: No amount is payable.
• Term with return of premium: 110% of the total premiums paid at the end of the policy term is payable.

Surrender Benefits – In the case of pure term cover, no surrender benefit is applicable.

• In case of term with return of premium policy, surrender value is payable if at least 3 full years’ premiums have been paid since the policy has been in force.
• The surrender value is the higher of:

Guaranteed Surrender Value, or Special Surrender Value.

• Guaranteed Surrender Value as % of total premiums paid is as follows in the below table:

• The payment of last monthly income at the end of the benefit payout period.
• Payment of death benefit during the policy term.
• Date on which the policy is surrendered.
• Upon the expiry of two years from the date of policy lapse. When the policy is not reinstated, provided that the policy has not acquired any paid up value.
• On the payment of the maturity benefit.

• In the event that the policyholder commits suicide within one year from the commencement of insurance coverage, 80% of the premium received (without interest) will be payable to the nominee.
• If the policyholder commits suicide within one year from reinstatement of the policy, insurance coverage will be void and 80% of the premiums received (without ROP) will be paid to the nominee.