Special Features:
Rebate on large Sum Assured:
|
Sum Assured |
Rebate in rate |
|
Rs. 500000/- to 14,99,999/- |
0 |
|
Rs. 500000/- to 14,99,999/- |
Rs. 0.40 per 1000 |
|
Rs. 500000/- to 14,99,999/- |
Rs. 0.50 per 1000 |
Survival / Maturity Benefit:
During the policy term, on survival of the life assured at the end of each policy year provided the policy is inforce, 5% of the Sum Assured is payable to the life assured as survival benefits.
On survival of the life assured at the end of the policy term provided that policy is in force then Sum Assured minus all the previous survival benefit payments plus Accrued Bonus shall be payable as maturity benefits.
Death Benefit :
Sum Assured and Accured Bonus
Other facilities:
Surrender Value
Policy holder Loan
Tax benefit As per ITA,058
Death Benefit due to Accident :
Additional amount equal to Sum Assured or Rs. 100,00,000/- whichever is lower.
TPD Benefit due to Accident:
Full Sum Assured is payable in 120 monthly installment, Balancing installment shall be payable in lump sum on maturity or at death.