Minimum age

06 years

Maximum age

60 years

Minimum Maturity age

18 years

Maximum Maturity age

72 years

The maximum maturity age does not include the ELC, if opted for or Income Period.

For policies purchased through POS channel, the maximum Age at Maturity will be as per prevailing POS guidelines, as amended from time to time

Maximum Age for termination of life cover (if ELC is opted)

84 years

For policies purchased through POS channel, the maximum Age for Termination of Life Cover (if ELC is opted for) will be as per prevailing POS guidelines, as amended from time to time

Minimum Premium

Maximum Premium

As per Maximum Sum Assured

Minimum Sum Assured

`1,00,000

Maximum Sum Assured

Based on Board Approved Underwriting Policy

(For policies purchased through POS channel, the maximum Sum Assured will be as per prevailing POS guidelines, as amended from time to time)

Yearly, Half yearly, Quarterly and Monthly

^*Quarterly & Monthly premium payment frequency will be allowed only under auto-debit process (as per the approved RBI facilities)

If Lump-sum Benefit option is chosen by you, on the Maturity Date, if all premiums are paid, your Guaranteed Maturity Benefit payable as Lump-sum will be an enhanced percentage of your Sum Assured. This is called as Guaranteed Enhancer (GE) and is payable as per the below table:

• If ELC is not chosen,the policy will terminate on the Maturity Date.
• If ELC is chosen, the policy will terminate at the end of the ELC Period.
• The Guaranteed Enhancer percentages will be applied on your Sum Assured for an in-force policy and the paid-up Sum Assured for a paid-up policy
• Guaranteed Enhancer will not be available for a lapsed or surrendered policy
• The Guaranteed Maturity Benefit will be subject to minimum of 100% of Total Premium* paid under the policy

If Income Benefit option is chosen by you, on the maturity date, if all premiums are paid, your Guaranteed Maturity Benefit will be paid in yearly, half-yearly, quarterly or monthly installments (as chosen by you at the inception of the policy). These are called as Guaranteed Maturity Instalments (GMI), and will be paid at the end of the GMI year for a period equal to your Premium Payment Term (PPT). For yearly frequency the GMI will be payable as per the below table –

• Each subsequent installment after the first instalment will be increased by 5% as demonstrated in the table above.
• For yearly installment, the GMI will start from the policy anniversary following the Maturity Date.
• For other installment frequencies, the first GMI will start immediately after elapsation of respective instalment periods i.e. half-yearly, quarterly or monthly, as opted, from the maturity date. Also for half yearly, quarterly and monthly frequencies, the below factors will be applied on the GMI % - the frequency factors as per the table below will be applied on the yearly GMI percentages mentioned as above

Frequency	Half-yearly	Quarterly	Monthly
Factor	0.49	0.24	0.08

• For a paid-up policy, the GMI percentages (as above) will be applied on the paid-up sum assured.
• Once the GMIs starts, the same will continue to be paid to the Life Assured and to the nominee in case of death of the Life Assured during the GMI period
• If ELC is not chosen at inception, then the risk cover will terminate on the Maturity Date and the policy will terminate on the payment of the last GMI.
• If ELC is chosen, the GMIs will be paid to you or to your nominee as the case maybe and the policy will terminate at the end of ELC period on the payment of the last GMI.
• You will have an option to change GMI frequency at any time during the Policy Term and/or the GMI period.
• This feature will not be available for a lapsed policy or surrendered policy.

The sum of all Guaranteed Maturity Instalments will be subject to minimum of 100% of total premiums paid under the policy.

^*Annualized Premium is exclusive of extra premium, rider premiums, and GST/any other applicable tax levied, subject to changes in tax laws, if any, and Total Premiums paid is equal to (Annualized Premium X number of years for which premiums have been paid).

Under Lump-sum Benefit and where all due premiums have been paid:

• Death Benefit during the Policy Term is the, Sum Assured on Death^%., as on the date of death. The policy will terminate on payment of the Death Benefit.
• Death Benefit during the ELC Period (only if chosen) (ELC Period is after the policy term) is the Sum Assured on Death^% as on the date of death The policy will terminate on payment of the Death Benefit

Under Income Benefit and where all due premiums have been paid:

• Death Benefit during the Policy Term is the Sum Assured on Death^% as on the date of death.. The policy will terminate on payment of the Death Benefit.
• Death Benefit during payout period i.e. after the Policy Term is -
  • If ELC is chosen then the Sum Assured on Death% will be paid. The risk cover will terminate immediately and the Policy will terminate on payment of last GMI.
  • If ELC is not chosen, then the remaining GMI will be paid. The policy will terminate on payment of last GMI

^%Sum Assured on Death is the higher of (i) 10 times Annualized Premium^*, (ii) 105% of Total Premiums^* paid as on date of death, (iii) Sum Assured^#
*Annualized Premium is exclusive of extra premium, rider premiums, and GST/any other applicable tax levied, subject to changes in tax laws, if any, and Total Premiums paid is equal to (Annualized Premium * number of years for which premiums have been paid).
^#Guaranteed Sum Assured on Maturity is equal to the Sum Assured which is as chosen by policyholder at inception.

At the inception of the policy, you will have the option to choose the Extended Life Cover (ELC) under the policy.

• The amount of risk cover during the ELC Period is equal to the Sum Assured on Death^%
• The ELC will start from the Maturity Date and will continue for an ELC Period equal to the duration of the PPT (in years), starting from the Maturity Date.
• In Lump Sum Benefit, on death of the Life Assured, the Sum Assured on Death^% will be paid and the Policy will terminate. In Income Benefit, on death of the Life Assured, the Sum Assured on Death^% will be paid, the risk cover will terminate immediately and the Policy will terminate on the payment of the last GMI.
• Once chosen at inception, the ELC cannot be removed from the Policy.

^%Sum Assured on Death is the higher of (i) 10 times Annualized Premium*, (ii) 105% of total premiums* paid as on date of death, (iii) Sum Assured^#, (iv) Any absolute amount assured to be paid on death^{^}.
^*Annualized Premium is exclusive of extra premium, rider premiums, loadings for modal premiums and GST, if any, and Total Premiums paid is equal to (Annualized Premium ^* number of years for which premiums have been paid). Total Premium is exclusive of extra premium, rider premiums and GST, if any. Please note that GST will be collected over and above the premium under the Policy.
^#Guaranteed Sum Assured on Maturity is equal to the Sum Assured which is as chosen by policyholder at inception.
^{^}Any absolute amount assured to be paid on death is equal to the sum assured.