Eligibility

 

Age at Entry##

Minimum: 90 Days

Maximum: 65 Years

Maturity Age##

Minimum: 18 Years

Maximum: 75 Years

Policy Term

For Limited/Regular Pay:

 

Age (Last Birthday)

Policy Term

Minimum

Maximum

0 – 40

5 Years

30 Years

41 – 65

5 Years

25 Years

 

For Single Pay:

Minimum: 5 Years

Maximum: 10 Years

Premium Payment Term

Single Pay, Limited Pay or Regular Pay

For Limited/Regular Pay:

 

Age (Last Birthday)

Policy Term

Minimum

Maximum

0 – 40

5 Years

30 Years

41 – 65

5 Years

25 Years

 

For Single Pay:

Minimum: 5 Years

Maximum: 10 Years

Premium

Minimum Premium:

Single Pay: 1,20,000

Limited/Regular Pay:

Frequency

Minimum Premium

Annual

Rs 36,000

Half-Yearly

Rs 18,000

Quarterly

Rs 9,000

Monthly

Rs 3,000

 

Maximum Premium: Subject to underwriting

 

Top up  Premium:

Minimum: 5,000

Maximum:  Sum of total base Premiums paid till date of Top-Up payment

Minimum Sum Assured

A multiple of Annualized Premium as defined below:

Premium Paying Term

Age at entry < 45 Years

Age at entry>= 45 Years

Single Pay

1.25 X Single Premium

Limited/Regular Pay

Higher of 10 X Annual Premium or 0.5 X Policy Term X Annual Premium

Higher of 7 X Annual Premium or 0.25 X Policy Term X Annual Premium

 

Top-Up: 1.25 X Top-Up Premium

Maximum Sum Assured

A multiple of Annualized Premium as defined below:

Age at Entry

Single Pay

Limited/Regular Pay

Up to 30

1.25

30

31 – 35

20

36 – 40

15

41 – 44

12.5

45 – 55

10

56 & above

7

 

Top-Up: 1.25 X Top-Up Premium

Premium Payment Mode

Single, Annual, Half-Yearly, Quarterly  and Monthly*

## Age as on last birthday

*Monthly mode of Premium payment is available only through credit card, direct debit and ECS

 

Premium Bands                       

Following Premium Bands would be applicable:

                         

Premium Band

Limited/Regular Pay

Single Pay

From ()

To ()

From ()

To ()

Band 1

36,000

1,19,999

NA

NA

Band 2

1,20,000

2,99,999

1,20,000

2,99,999

Band 3

3,00,000

And above

3,00,000

And above

 

Tax Benefits

Tax benefits will be applicable as per prevailing tax laws. Tax laws are subject to change. Please consult your tax advisor for details.

     

Exclusions

 

Suicide Exclusion:

In case of death due to suicide or attempted suicide, whether sane or insane, within 12 months from the date of inception of the Policy or from the date of revival of the Policy, the nominee(s) or beneficiary of the Policyholder shall be entitled to the fund value available as on the date of death and the charges, if any levied subsequent to the date of death shall also be paid back along with such death benefit.