Payout period- 10, 15, 20 or 25 years
Annual Payout- Rs. 24000 to Rs. 50,000,00&
Premium Payment Term- 10 or 15 years
Premium Payment Mode- Yearly, Half Yearly, Quarterly or Monthly*
Deferment period- 0 or 5 years
Policy Term= Premium Payment Term + Deferment Period (if any) + Payout Period
Maturity Benefit= Return of all premiums#
Death Benefit= Death Sum Assured$ + Additional Annual payouts (as chosen by you) + Scheduled Annual Payouts (as chosen by you)
*For monthly mode, ECS/SI is mandatory.
&Subject to Board approved underwriting guidelines.
$Death Sum Assured= 10 times of the Annualized Premium (excluding extra premium, service tax and loading for modal factors, if any) or 105% of all the premiums paid (excluding service tax and extra premium, if any) as on the date of death of the Life Assured or Guaranteed Maturity Benefit ( For 10 years premium payment term = 10 X Annualized Premium# and for 15 years premium payment term= 15 X Annualized Premium#) or Absolute amount assured to be paid on death (for 10 years premium payment term= 11 X annualized premium rounded up to next Rs. 1000 and for 15 years premium payment term= 16 X annualized premium rounded up to next Rs. 1000), whichever is the highest.
#Excluding service tax and extra premium, if any.