It is a Single Premum Payment Unit Linked Insurance Plan that is linked to the share market. It is a combination of Insurance and Investment. It offers different investment options. This plan can be taken for minimum 10 years and maximum for 25 years. Partial withdrawal is possible from 6th year onwards. This plan comes with DAB Rider.
Different Investment Options
Get the flexibility of investment by exercising desired investment option from various available options. Freedom to choose investment plan according to your risk appetizer.
Combination of Investment and Insurance
This plan offers benefits of both - Investment and Insurance. Having flexibility to choose your investment style offers keeps your money in safe hands upto desired extent.
Unlimited Switching Facility
Switch between different investment options is easy and unlimited in this plan. Secure your money according to market conditions. Also, enjoy four switches free for every policy year.
Conditions
| Minimum | Maximum | |
|---|---|---|
| Entry Age | 90 days completed | 65 Years OR 70 Years (As Per Life Cover Chosen) |
| Policy Term | 10 years | 25 years |
| PPT | Single | |
| Maturity age | 18 years Completed | 50 Years OR 85 Years (As Per Life Cover Chosen) |
| Premium | Rs. 1,00,000 | No limit |
| Premium Paying Modes | Single | |
| Investment Fund Types | Bond, Secured, Balanced, Growth | |
| Annualized Premiums shall be payable in multiple of Rs. 10,000 | ||
| Basic Sum Assured - (10* Annualized Premium) or (1.25* Annualized Premium) as per Option Choosen. | ||
For Linked Accident Benefit Rider :
- Minimum Entry Age :18 years completed
- Maximum Entry Age :65 years nearest birthday
- Maximum Maturity Age : 70 years nearest birthday
- Minimum Accident Benefit Sum Assured :Rs 10,000
- Maximum Accident Benefit Sum Assured :Equal to Basic Sum Assured subject to the maximum aggregate limit of Accident Benefit Sum Assured as Rs.100 lakhs of Accident Benefit Sum Assured
Benefit :
Death Benefit :
On death Before the Date of Commencement of Risk: An amount equal to the Policyholder's Fund Value shall be payable
On death After the Date of Commencement of Risk: An amount equal to the higher of Basic Sum Assured or Policyholder's Fund Value shall be payable. Where, Basic Sum Assured is (10* Annualized Premium) or (1.25* Annualized Premium) as per Option Choosen
Accidental Death: Linked Accident Benefit Rider If this benefit is opted for, an additional amount equal to Accident Benefit Sum Assured is payable on death due to accident, provided the rider is inforce at the time of accident.
Maturity Benefit :- An Amount equal to Fund Value as on Date of Maturity is payable in a lump sum.
Guaranteed Additions :- Guaranteed Additions as a percentage of Single Premium will be added in Policy after completion of duration in form of unit.
- 6 Years : 3 %
- 10 Years : 4 %
- 15 Years : 5 %
- 20 Years : 6 %
- 25 Years : 7 %