It is a single premium, non-linked, with-profits, savings cum protection plan wherein the risk cover is ten times of Tabular Single Premium.
Provision of Future Expenses
It gives a lump sum amount at the end of term i.e. 12 Years, to take care of important milestones in your life like children’s education, and children’s marriage by paying premium amount in Single Instalment.
Guaranteed Risk Cover in case of Death
Guaranteed Sum Assured with Loyalty Addition will be payable in case of Unfortunate death. This will help the family to fulfil their needs in the absence of bread winner.
Liquidity in the form of Loan
Fulfil financial needs by exercising loan facility on policy immediately after three months. Loan Facility is available at very concessional rate.
Option to get Claim amount in installment
An option to receive claim amount (i.e. Maturity Benefit or Death Benefit) in instalments over the chosen period of 5 or 10 or 15 years instead of lump sum amount either in absolute value or as a percentage of the total claim proceeds payable.
|Minimum Age At Entry -||6 years (completed)|
|Maximum Age At Entry -||47 years (nearer birthday)|
|Mode of premium payment||Single premium only|
|Minimum Basic Sum Assured||₹ 75,000/-|
|Maximum Basic Sum Assured||No Limit|
|Policy Term||12 years|
Basic Sum Assured shall be in multiples of :
₹ 5,000/- if Basic Sum Assured under a policy is below ₹ 3,00,000/-
₹ 20,000/- if Basic Sum Assured under a policy is ₹ 3,00,000/- and above
DAB Conditions :
|Minimum Entry Age||18 years (Completed)|
|Maximum Entry Age||47 years (nearest birthday)|
|Maximum Cover Ceasing Age||As per Base Plan|
|Minimum Accident Benefit Sum Assured||₹ 10,000/-|
|Maximum Accident Benefit Sum Assured||₹ 1,00,00,000/-|
The Accident Benefit Sum Assured shall be in multiples of ₹ 10,000/- only.
High Basic Sum Assured Rebate:
|Mode Of Pension||Minimum Purchase Price|
|₹ 75,000/- to ₹ 1,45,000/-||Nil|
|₹ 1,50,000 to ₹ 2,95,000||₹ 15.00|
|₹ 3,00,000 to ₹ 4,80,000||₹ 20.00|
|₹ 5,00,000 and above||₹ 25.00|
Death Benefit -
On death during first five policy years: Before the date of commencement of risk:
Refund of Single Premium exclude any taxes, extra premium chargeable under the policy without interest.
After the date of commencement of risk:
"Sum Assured on Death" shall be payable.
On death after completion of five policy years but before the stipulated Date of Maturity:
"Sum Assured on Death" equal to 10 times the Tabular Single Premium along with Loyalty Addition, if any, shall be payable.
Where "Sum Assured on Death" is defined as the highest of
- 125% of the single premium; or
- Basic Sum Assured ; or
- 10 times of Tabular Single Premium
Basic Sum Assured along with Loyalty Addition, if any, shall be payable.