IN THIS PLAN, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.
"On account of change in Health Regulations by IRDAI, some clauses of your Policy Document have been updated to make them more relaxed from policyholder's perspective. A sample of the revised document has been uploaded on this page."
This is what we offer with the plan
Dual benefit of life cover and long term investment returns
Enhanced protection offered by Critical Illness Benefit
Option to choose premium payment term as per convenience
Choose from a wide range of funds as per your risk appetite
Unlimited free switches and premium redirection
Tax benefits of Sec 80C and Sec 10(10D)#
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Maturity Benefit
Upon survival of Life Insured till the date of Maturity, Fund value as on date of maturity is paid, provided policy is in force. Once the Maturity Benefit is paid out, the plan terminates.
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Death Benefit
In case of death of the life insured during the policy term, provided the Policy is in-force, the Death Benefit will be paid to the beneficiary and the policy will terminate.
- The Death Benefit paid is the highest of
- (a) Death Sum Assured1
- (b) Fund value or
- (c) 105% of the total premiums received up to date of death.
- 1Death Sum Assured for the plan is higher of
- (a) 10 times the Annualized Premium
- (b) 0.5 X PT X Annualized Premium.
- The Death Benefit paid is the highest of
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Critical Illness Benefit
During the Policy Term, if life insured is diagnosed with any of the pre-defined 9 critical illnesses, a lump sum amount will be paid out immediately to help with the treatment and other lifestyle changes that may arise due to the illness. The future premiums need to continue to be paid by the Policyholder to keep the Policy in force for the remaining term.
On payment of Critical Illness Sum Assured, provided the policy is in force and all premiums are paid in full, the plan will continue till Maturity with the applicable life cover. Critical Illness Sum Assured is the lump sum amount chosen by you at the inception of the policy. Death Benefit will be paid upon death or Fund Value will be paid at maturity, whichever is earlier.