This is a Regular premium, non-linked, with profits Endowment Plan wherein risk cover automatically increases after every 5 years.

DEATH BENEFIT:
Sum Assured on Death + Vested Bonus + FAB if any.

Sum Assured on Death= Higher of 10 times of annualized Premium OR Absolute amount payable as under during:
First 5 years : 100% of Basic SA,
6th to 10th year : 125% of Basic SA
11th to 15th year : 150% of Basic SA
16th to 20th year : 200% of Basic SA

Death Benefit shall not be less than 105% of total premiums paid as on date of death.
The premiums exclude taxes, extra premium and rider premiums.

MATURITY BENEFIT:
Basic Sum Assured + Vested Bonus + FAB if any.

Example*:

Age- 35, S.A.- ` 5,00,000, Term: 20 years, Basic Yearly Premium: ` 24,529

Entry Age: 35

In case of Death at Age 40 i.e During 6th Year

Death Benefit = 125% of SA + Vested Bonus for 5 years + FAB

= `6,25,000 ( 1.25 x 500000) + `1,26,000 (42x500x6) + Nil = `7,51,000

Maturity at Age 55

Maturity Benefit = Basic S.A. + Vested Bonus + FAB

= `5,00,000 + `4,20,000 ( 42x500x20)+ `35,000 (70 x500)

= `9,55,000

In case of Accidental Death (If Accident Rider is opted):
Additional `5,00,000 will be paid along with Natural Death Benefit.
Total: `7,51,000 + `5,00,000 = `12,51,000

Features & Conditions:
Minimum age at entry : 12 years lbd
Maximum age at entry : 45 years nbd
Maximum maturity age : 65 years nbd
Policy Term : 12 to 20 years.
Minimum S.A. : `1,50,000 & in multiples of `10,000 thereafter.
Maximum S.A. : No limit

Available Riders:
Accident & Permanent Disability Benefit Rider – Max 1 Crore

Mode of Payment:
Yearly, Half Yly, Qly & Mly ( SSS & ECS)

Paid Up/ Surrender/Policy Loan:
After payment of premium of 3 full years.

Revivals: Within 2 years of FUP.

Back Dating:
Allowed with lean Month’s benefits.

Service Tax:
1st Year of Policy : 3.75%
2nd Year onwards : 1.875%

Tax Benefits :
On Basic Premiums : u/s 80C
Maturity/Death claim : u/s 10(10D)