In the unfortunate event of death, the higher of the Sum Assured or the Fund Value would be payable.
If death of the Person Insured occurs before age 7, the Fund Value plus the regular premium received by us in the first policy year is payable.
On maturity, you will receive the Fund Value including the Guaranteed Loyalty Addition or you can opt for the settlement options.
You get the guarantee of enhancing your wealth creation through guaranteed loyalty additions (up to 120% of the first year annual premium) at the end of the 10th & 15th year plus Guaranteed Additions as a % of the Fund Value.
At the end of the 10th year: 50% of the first year annualized premium
At the end of the 15th year:
|As a percentage of the first year annulized premium
(in Year 15)
|Annulized premium (Rs)
||Guaranteed Loyalty Addition
|Silver (12,000 – 25,000)
||55% of the first year annualized premium
|Gold (25,100 – 2,00,000)
||60% of the first year annualized premium
|Platinum (2,00,001 & above)
||70% of the first year annualized premium
Plus 2% of the Average Fund Value at the end of the 20th year and every 5 years thereafter.