It offers Investment cum Insurance during the term of policy with optional premium payment mode as single or limited to only 3,4 or 5 years. First year allocation charges as minimum as 9% ( under regular premium mode ).
Allocated premium will be invested in one out of four funds which the life assured has chosen viz. Bond Fund, Secured Fund, Balanced Fund and Growth Fund. The life assured can switch from one fund to another at his discretion.
Level of cover will depend on the Level of Premium, you agree to pay; 5 times of the first years annualised premium or half of the Policy term tmes, whichever is higher. 1.25 times for Single Premium.
After completion of 3rd policy anniversary there will be no surrender charges. Partial withdrawal is also allowed after third policy anniversary.
On death - If policy is in force - Sum Assured or Fund value of units whichever is higher. If policy is lapsed - Fund value of units is only payable.
On maturity - only the fund value of units is payable.
Eligibility
Min / Max. Entry Age
0 - 65 years
Min/ Max. Term
5 to 20 years
Minimum Maturity age
18 years completed
Maximim Maturity Age
75 years
Modes Allowed
Yearly, Half Yearly, Quaterly, Monthly ( ECS ), Single
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