No Death Benefit is payable in case of death of the Life Assured during the Income Period. The Guaranteed Maturity Benefit in the form of Assured Income and ROP Advantage, as applicable, continues to be paid to the Beneficiary or Nominee.

You have a grace period to pay your overdue premium: 30 days for Yearly, Half-Yearly and Quarterly modes and 15 days for Monthly mode. Your life cover continues during the grace period, and if death occurs during it, the Death Benefit is paid after deducting the premium due and unpaid in that grace period. If premiums are not paid within the grace period and premiums have not been paid for the first full year, the policy lapses, life cover ceases and no benefits are payable. If premiums have been paid for at least the first full year and subsequent premiums are not paid, the policy becomes Reduced Paid-Up and continues with reduced benefits.

The Reduced Paid-up Sum Assured on Death is the total number of premiums paid divided by the total number of premiums payable, multiplied by the Sum Assured on Death. Under the Without PCB Coverage Option, the death benefit is the higher of the Reduced Paid-up Sum Assured on Death or the surrender value as on the date of death. Under the With PCB Coverage Option, the Reduced Paid-up Sum Assured on Death is paid immediately, Reduced Paid-up Income Advantage for Plan Options 3 and 5 continues, and the Reduced Paid-up maturity benefit continues as per the Plan Option. The total Death Benefit for a reduced paid-up policy is at least 105% of the total premiums paid. Reduced Paid-up Income Advantage and Reduced Paid-up Assured Income also apply a Loyalty Factor of 30% for 1 complete year of premiums paid, 60% for 2 years, 90% for 3 years and 100% for 4 or more premiums.

Yes. A lapsed or Reduced Paid-Up policy can be revived within 5 years from the due date of the first unpaid premium. You must submit a written request and fulfil all medical requirements specified by the Company, if required, with the cost of the medical examination borne by you, and pay all outstanding premiums with interest at the prevailing revival interest rate. The revival interest rate is the 10-year G-Sec benchmark interest rate as on the last working day of the previous financial year plus 1.50%, rounded up to the next multiple of 25 basis points, compounded half-yearly. For FY 2026-27 it is 8.75% p.a., and it is reviewed every 1st April. Revival is effected on receipt of the proof of continued insurability and is subject to submission of a Declaration of Good Health and the Board Approved Underwriting Policy applicable at that time. Once revived, all benefits are restored to their original levels.

Yes. You can surrender your policy at any time after it has acquired surrender value, that is after payment of at least one full year's premium. The policy acquires a Guaranteed Surrender Value on payment of premium for at least the first two consecutive full policy years. Until the policy acquires a Guaranteed Surrender Value, the Special Surrender Value is payable as the Surrender Value. Thereafter, the Surrender Value payable is the higher of the Guaranteed Surrender Value or the Special Surrender Value.

The Safe Box option lets you accrue your income and can be chosen or cancelled at any time during the Policy Term or Income Period, by submitting a request to the company 30 days before the policy anniversary or Special Date. You can accrue your applicable income benefit in any proportion, with the balance paid to you on the applicable dates. The accumulated income can be withdrawn partly or fully at any time during the Policy Term or Income Period, and the balance keeps accumulating, with the accrued income benefit payable along with the benefits at the time of termination of the policy on death, maturity or surrender. The accrued income accumulates at the Reverse Repo Rate published by the Reserve Bank of India plus 2%, accrued and compounded daily and reviewed annually. The current Reverse Repo Rate, as applicable at 30th March 2026, is 3.35% p.a., therefore the current interest rate for FY 2026-27 is 5.35% p.a.

Yes. During the Income Period, the Life Assured or Nominee may opt to receive all future outstanding benefits as a single lump sum payment. The discounted value of the remaining benefits, calculated using the applicable Lump Sum Benefit Factors, is paid immediately and the policy terminates thereafter. The Lump Sum Benefit Factors have been arrived at using the IRDAI approved interest rate of 7.25%.

Yes. If you disagree with any terms or conditions of the policy, you can return it within 30 days from the date of receipt of the policy document. You will receive a refund of the premium paid, less the proportionate risk premium for the period on cover, expenses incurred on medical examination, if any, and stamp duty charges.

In case of death of the Life Assured due to suicide within 12 months from the date of commencement of risk under the policy or from the date of revival of the policy, the nominee or beneficiary is entitled to at least 80% of total premiums paid till the date of death or the surrender value as on the date of death, whichever is higher, provided the policy is in force. There are no exclusions other than this suicide clause.

For lives with entry age less than 5 years, the risk commencement date is one day before the completion of 2 years from the date of commencement of the policy, or the date of attainment of age 5 years, whichever is earlier. For lives with entry age 5 years and above, the date of commencement of policy and the date of commencement of risk are the same. The policy automatically vests in the name of the Life Assured on attaining majority.

Yes. During the Premium Payment Term you may alter the premium payment frequency at any policy anniversary, subject to the frequency options available under the policy.