Benefits
Death Benefit
Maturity Benefit
Eligibility Conditions
| Minimum Age at Entry | 90 days (completed) |
| Maximum Age at Entry |
|
| Minimum Age at Maturity | 18 years (completed) |
| Maximum Age at Maturity |
|
| Policy Term | 15 to 20 years |
| Premium Paying Term | Policy Term minus 8 years |
| Minimum Basic Sum Assured per life* | Rs. 2,00,000/- |
| Maximum Basic Sum Assured per life* | Rs. 5,00,000/- |
| (Basic Sum Assured shall be in multiples of Rs 25,000/-) |
Payment Options Available
| Mode of Instalment payment | Minimum instalment amount | |
| Monthly | Rs 5,000/- | |
| Quarterly | Rs 15,000/- | |
| Half-Yearly | Rs 25,000/- | |
| Yearly | Rs 50,000/- | |
Exclusion:
i. If the Life Assured, whether sane or insane, commits suicide within 12 months from the risk commencement date, the nominee or beneficiary is entitled to 80% of the total premiums paid, excluding taxes, extra premiums, and rider premiums, if the policy is active. This clause doesn’t apply if the Life Assured’s age at entry is below 8 years.
ii. If the Life Assured commits suicide within 12 months from policy revival, the beneficiary receives an amount higher of 80% of the total premiums paid until the date of death (excluding taxes, extra premium, and rider premiums), or the surrender value as of the date of death. No other claims are entertained.
Exceptions:
If the Life Assured is below 8 years of age at revival.
For policies lapsed without acquiring paid-up value, in which case no benefits are payable.
