Overview
Life is all about fulfilling your dreams for your loved ones. You plan to fulfill goals like your savings, children’s education, marriage and your peaceful retirement. However, in an environment which is full of uncertainty and volatility, you need guaranteed assurance, that surmounts all such risks. We understand the significance of such milestones and secure your financial future by helping you pursue your dreams towards accomplishment of these milestones with certainty.
Illustration
Below listed scenarios are assumed for a healthy male (without loading and all applicable taxes, cesses and levies as imposed by the Government).
|
Example 1 |
Example 2 |
Example 3 |
Age of Life Insured |
35 years |
35 years |
35 years |
Premium Payment Term/Policy Term |
5 Pay 10 |
5 Pay 10 |
5 Pay 10 |
Annualized Premium* |
1,00,000 |
2,00,000 |
5,00,000 |
Total Annualized Premium |
500000 |
1000000 |
2500000 |
Guaranteed Maturity Sum Assured |
751,993 |
1,528,117 |
3,859,216 |
Age of the Life Insured at Entry
(age as on last birthday)
|
Minimum entry age: 0 (91 Days)
Where the life to be insured is a minor at the date of commencement of policy,
there shall be a proposer to propose Life Insurance cover on the life of the minor.
The proposer shall have insurable interest on the life of the minor.
The proposer is the rightful owner of the policy during the minority of the life insured.
The policy shall continue on the life of the life insured once he/she attains majority.
The relationship of the proposer to the Life insured (minor) shall be either parent or legal guardian and the same shall be mentioned in the proposal form.
Maximum entry age : 60 years
|
Premium payment options
Policy Term
|
For PPT5: 10, 15, 20 years
For PPT8: 16 years
For PPT 10: 15, 20 years
|
Premium Payment Term
|
5, 8 or 10 years
|
Guaranteed Sum Assured at Maturity
|
Minimum:
|
Rs. 1,61,225
|
Maximum:
|
Subject to limits determined in accordance with the Board approved underwriting policy of the Company
|
Premium Payment Mode & Modal Factors: Annual and Monthly Only
Premium Payment Mode
|
Modal Factors
|
Annual
|
1.00000
|
Monthly
|
0.08333
|
Minimum Premium:
Premium Payment Mode
|
Minimum Premium
|
Annual
|
Rs. 24,000
|
Monthly
|
Rs. 2,000
|