1. Get guaranteed 212.5% of the Guaranteed Maturity Sum Assured
The plan offers you guaranteed pay back of 212.5% of Guaranteed Maturity Sum Assured. This comprises of the guaranteed money backs along with the lump sum benefit on Maturity.
- Money backs to ensure a care-free retirement - Living Benenfits
You will receive guaranteed money back of 7.5% of Guaranteed Maturity Sum Assured on each policy anniversary immediately following the life insured attaining age 61 years to 75 years.
- Lump sum Benefit on Maturity – Maturity Benefit
You will receive 100% of Guaranteed Maturity Sum Assured plus Accrued Paid Up Additions (if any) plus Terminal Bonus (if any), on policy maturity at age 75 years.
2. Comprehensive Death Benefit
The plan offers a comprehensive death benefit to ensure financial security of your loved ones in case of any exigencies. The death benefit offered is equal to Guaranteed Death Benefit along with accrued Paid up Additions (if any) and Terminal Bonus (if any).
Guaranteed Death Benefit is defined as higher of [ (11 times the annualised premium) or (105% of all premiums paid by Policyholder as on the date of death of the life insured) or (Guaranteed Maturity Sum Assured chosen by the Policyholder at policy inception) ]
3. Flexible Premium Payment Terms
The plan offers you flexibility to choose your premium payment terms. You can choose either 7, 10, 15 or 20 years as your premium payment term, depending on your financial goals.
4. Flexible Bonus Option
The plan offers the flexibility to choose among the following bonus options basis your need:
- Paid in Cash –Bonus declared (if any) every year from end of 2nd policy year onwards is paid to you in cash throughout the policy term till the age of 75 of the life insured.
- Premium Offset –Bonus declared is used to offset future premiums payable by you.
- Paid Up Additions –Bonus declared is used to purchase additional sum assured that helps you boost the Guaranteed Maturity Sum Assured through the power of compounding. For more details, please refer to the table under plan features.
5. Customize Your Policy
The plan offers additional rider that can be taken with the policy to provide for additional protection as per your need.
6. Terminal Illness Benefit
The plan offers unique Terminal Illness benefit, in which if the Life Insured is found to be suffering from terminal illness that is likely to lead to his/her death, within six months of diagnosis in the opinion of registered medical practitioner, the Company will advance 50% of the Guaranteed Maturity Sum Assured (up to maximum of Rs. 10 lacs across all policies which provide this benefit) immediately on Policyholder's request.