It is a money back plan. Suitable for all as
money will be available periodically.
POLICY RULES
Ø Age at entry: Min. 14 yrs, LBD Max. 55/50/45
Ø Maturity age: Max. 70 yrs.
Ø
Sum
assured: Min. 50,000, Max. No. Limit
Ø S.A. in multiples: 5000
Ø Term: Min.15/20/25 yrs, Max.15/20/25 yrs
BENEFITS OF THE POLICY
Ø Maturity Term is more than Premium Paying Term
Ø Payment of Premium ceases earlier to Maturity
Ø Early and higher rate of survival benefit
Ø Risk cover increases by 50% of the S.A every five
years.
Ø Increase in life risk cover is available without
payment of extra premium
On Survival
Policy Term
|
Premium Term
|
At the end of
|
Amount of money back
|
For Example,on a Rs.1,00,000 policy
|
15 years
|
12 years
|
4th year
|
30% of sum assured
|
Rs. 30000
|
8th year
|
30% "
|
Rs. 30000
| ||
12th year
|
40% "
|
Rs. 40000
| ||
20 years
|
15 years
|
5th year
|
25% of sum assured
|
Rs. 25000
|
10th year
|
25% "
|
Rs. 25000
| ||
15th year
|
25% "
|
Rs. 25000
| ||
20th year
|
25% "
|
Rs. 25000
| ||
25 years
|
18 years
|
5th year
|
20% of sum assured
|
Rs. 20000
|
10th year
|
20% "
|
Rs. 20000
| ||
15th year
|
20% "
|
Rs. 20000
| ||
20th year
|
20% "
|
Rs. 20000
| ||
25th year
|
20% "
|
Rs. 20000
|
If death occurs at anytime during the term of a policy the amount along with vested bonus is payable. The survival benefit already paid if any, will not be deducted from this claim amount. In addition, the following benefits are given depending on the duration elapsed from the commencement of the policy to the date of death.
If death occurs during
|
Additional Risk cover for Rs.1000 sum assured
| ||
15 years
|
20 years
|
25 years
| |
First 5yrs
|
Nil
|
Nil
|
Nil
|
6 to 10th yr
|
Rs.500
|
Rs.500
|
Rs.500
|
11th to 15th yr
|
Rs.1000
|
Rs.1000
|
Rs.1000
|
16th to 20th yr
|
-
|
Rs.1500
|
Rs.1500
|
21st to 25th yr
|
-
|
-
|
Rs.2000
|
