Entry Age

• Minimum – 3 years
• Maximum – 60 Years

Policy term

7 years, 10 years or 15 years

Basic premium minimum

• Minimum Rs.5 lakhs for 7 years policy term
• Minimum Rs.1 lakh for 10 or 15 years policy terms

Sum Assured

1.25, 5, 10 times the basic premium paid as per policy term and age

Type

Single Premium Unit Linked Insurance Plan (ULIP)

Coverage

Death Benefit – In the unfortunate event of death during the policy term, the beneficiary will receive the larger of

• Basic Fund Value at death or Basic Sum Assured, plus
• Top-up Fund Value or Top-up Sum Assured, minus
• Partial withdrawals made for the past 2 years if policy holder is less than 60 years of age or all partial withdrawals since the life insured turns 58 (if insured attains 60 years of age)

Surrender Benefit – If policy is discontinued in the first 5 years, the fund value will be transferred after deducting policy discontinuation charges. The Fund Value will be transferred as it is with discontinuation charges from 5^th policy year.

Maturity Benefit – Fund value

Guaranteed Additions – Additional units according to:

• 6^th to 10^th policy year – 0.25% of Average Fund Value in past 12 months
• 11^th policy year onwards – 0.60% of Average Fund Value during past 12 months

Basis

Individual

Policy term

7, 10 or 15 years (fixed)

Premium paying term

Once

Premium payment frequency

Single Premium

Loans

Loans cannot be availed against this plan

Policy charges

Premium allocation charge, policy administrative charge, fund management charge and mortality charge.

Premium Allocation Charge: 3% on basic premium, 2% on top-up premium

Fund Management Charge:

• 1% for Liquid Plus, Income Advantage, Assure, Protector and Builder
• 1.25% for Enhancer and Creator
• 1.35% for Magnifier, Maximiser, Multiplier, Super 20, Pure Equity and Value and Momentum

Policy Administration Charge: Rs.20 per month for first 5 policy year. Rs.25 from 6^th policy year inflating at 5% p.a. subject to a maximum of Rs.6,000 p.a.

Mortality Charge: Charge per 1000 of Sum at Risk

Free Look Period

15 days free look period (30 days for policies sold through distance marketing channels) is offered wherein a policyholder may return the policy if he/she 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. You should consult your tax advisor for more details.

Partial Withdrawal

Unlimited partial withdrawals allowed after 5 complete policy years or insured attains 18 years of age, whichever is later. Minimum partial withdrawal of Rs.5,000.

Wide range of funds

13 different fund option available for investments consisting of flexible portfolio choices from 100% debt investments to 100% equity investments.

• Liquid Plus – low risk debt-based
• Income Advantage – low risk debt-based
• Assure – low risk debt-based
• Protector – low risk debt-based
• Builder – low risk debt-based
• Enhancer – medium risk balanced
• Creator – medium risk balanced
• Magnifier – high risk equity-based
• Maximiser – high risk equity-based
• Multiplier – high risk equity-based
• Super 20 – high risk equity-based
• Pure Equity – high risk equity-based
• Value and Momentum – high risk equity-based

Riders

NA