This is a limited premium, non-linked, with profits Endowment Plan.

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

Sum Assured on Death= Higher of 10 times of annualized Premium or 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, Policy Term – 25 years, PPT- 16 years, Basic Yearly Premium: `22,601

Entry Age – 35

In case of Death at Age 40

Death Benefit = SA on Death + Vested Bonus for 5 years + FAB

= `5,00,000 + `1,25,000 (50x500x5) + Nil = `6,25,000

At the Age 51: Premium Payment Stops

Maturity at age 60:

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

= `5,00,000 + `6,25,000 ( 50x500x25)

= `13,50,000

In case Term Rider is opted for `5,00,000 : Additional `5,00,000 will be paid.
Total Natural Death Benefit: `6,25,000 + `5,00,000= `11,25,000
In case of Accidental Death (If Accident Rider is opted):
Additional ` 5,00,000 will be paid along with Natural Death Benefit.
Total: `11,25,000 + `5,00,000= `16,25,000

Features & Conditions:

Minimum age at entry : 8 years lbd

Policy Term , PPT and Max. age at entry :

Policy Term   PPT   Max Entry Age
16 years    10 years    59 nbd
21 years     15 years    54 nbd
25 years     16 years       50 nbd

Maximum Maturity Age: 75 years nbd

Minimum S.A. : `2,00,000/- & in multiples of ` 10,000 thereafter.
Maximum S.A. : No limit
Available Riders:
1. Accident & Permanent Disability Benefit for full policy term –
Max 1 Crore up to age 70
2. Term Assurance Rider – Max 25 Lakhs
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)