Eligibility

 

Age at entry## Minimum 8 Years, subject to minimum age at maturity 18 years.
Maximum 60 Years
Maturity Age## Minimum 18 Years
Maximum 75 Years
Policy Term Minimum 7 Years
Maximum 20 Years
Premium Payment Terms Policy Term(Years) Premium Payment Term Options(Years)
7 5
8 5 or 6
9 5,6, or 7
10 5, 6, 7, 8, 9 or 10
11 6, 7, 8, 9, 10 or 11
12 7, 8, 9, 10, 11 or 12
13 8, 9, 10, 11, 12 or 13
14 9, 10, 11, 12, 13 or 14
15 10, 11, 12, 13, 14 or 15
16 11, 12, 13, 14 or 15
17 12, 13, 14 or 15
18 13, 14 or 15
19 14 or 15
20 15
Payout Period Equal to Premium Payment Term
Annual Premium Minimum Annual Premium 17,142
Maximum Annual Premium No Limit, but subject to underwriting
Premium Paying Mode Yearly, Half Yearly and Monthly*
For Policy Term less than 10 years, only Annual mode of premium payment is available
Base Sum Assured 11 X Annualized Premium

##Age as on last birthday

Substandard lives may also be covered subject to Company’s underwriting norms and with any extra premium, if applicable. Goods and Services Taxes will be charged over and above the quoted Premium * Monthly mode of Premium Payment is available only through credit card, direct card and ECS