| Age at Entry | 90 Days (Completed) |
| Premium Paying Term (PPT) | 15, 20, 25, & 30 Years |
| Maximum Age at Entry in Years) (As per Nearest Birthday) | 55 for 15 PPT |
| 50 for 20 PPT | |
| 45 for 25 PPT | |
| 40 for 30 PPT | |
| Age at Maturity | 100 Years (Nearest Birthday) |
| Policy Term | 100 - Age at Entry |
| Basic Sum Assured | 2,00,000 and above in multiples of 25,000 |
| Sum Assured | Minimum 75,000 and Maximum 3,00,000 |
| Premium Paying Mode | Yearly, Half Yearly, Quarterly & Monthly (SSS and NACH Only) |
| Premium Payment Mode rebate | 2% on yearly, 1% on Half Yearly, Nil on Quarterly & Monthly |
On the life assured surviving to the end of the policy term, provided all due premiums have been paid, “Sum Assured on Maturity” along with vested Simple Reversionary Bonuses (as mentioned in 2 below) and Final Additional bonus, if any, shall be payable. Where “Sum Assured on Maturity” is equal to Basic Sum Assured.
On death of the Life Assured during the policy term, provided all due premiums have been paid then
1. On death before the commencement of Risk: Return of premium/s paid without interest shall be payable.
2. On Death after the commencement of Risk : Death Benefit, defined as sum of “Sum Assured on Death” and vested Simple Reversionary Bonuses (as mentioned in 2 below) and Final Additional bonus, if any, shall be payable. Where “Sum Assured on Death” is defined as the highest of
• 10 times of annualised premium; or
• Sum Assured on Maturity; or
• Absolute amount assured to be paid on death, i.e. Basic Sum Assured.
This death benefit shall not be less than 105% of all the premiums paid as on date of death.
Premiums referred above shall not include any taxes, extra amount chargeable under the policy due to underwriting decision and rider premium(s), if any.
On the life assured surviving to the end of the premium paying term, provided all due premiums have been paid, a survival benefit equal to 8% of Basic Sum Assured shall be payable each year. The first survival benefit payment is payable at the end of premium paying term and thereafter on completion of each subsequent year till the Life assured survives or till the policy anniversary prior to the date of maturity, whichever is earlier.
In case, the policy holder is less than 8 year old, then, life cover will start 2 year after policy purchase or completion of 8 year of age, whichever is earlier. Example, if policy holder is 2 year old, then life cover (risk) will start after 2 year i.e. when policy holder will become 4 year old and if policy holder is 5 year old, then, risk will start when policy holder becomes 8 year old. If policy holder is 8 year old at the time of buying policy then, risk will start immediately.
This plan also takes care of liquidity needs through loan facility.
