Eligibility criteria
Entry Age
Minimum Age at Entry
Maximum Age at Entry
Notes:
All ages mentioned above are age as on last birthday.
Risk cover (including for minor lives) will commence immediately on the date of commencement of risk in the policy.
In the case of a minor life, the policy will vest on the life assured on the earlier of attainment of age 18 years age or maturity date.
For female lives, 2% mark-up will be available on Benefit Sum Assured. Income Period will commence after the end of Deferment Period.
Maturity Age
Premium Payment Term(PPT), Income Period(IP), Deferment Period(DP) and Policy Term(PT)
| Plan benefits |
Premium Payment Term (PPT) |
Income Period(IP) |
Deferment Period(DP) |
Policy Term(PT) |
| Early Income |
5,6,7,8,9,10 & 12 years |
IP = PT minus DP |
0 to 5 years |
Limited Term: 10, 15, 20, 25, 30
Whole Life: Till age 85 or till age 100 |
| Increasing Income |
Limited Term: 10, 15, 20, 25, 30
Whole Life: Till age 85 or till age 100 |
Limited Term: 15 to 45 years
Whole Life: Up to Age 85 or 100 years |
| Wealth |
NA |
NA |
Limited Term: 10 to 45 years
Whole Life: Up to Age 85 or 100 years |
Premium Payment Frequency
- Yearly, Half yearly, Quarterly and Monthly
Note: The quarterly and monthly mode will only be allowed under auto-debit process (as per the approved RBI facilities).
Premium
| Plan benefits |
Premium Payment Term (PPT) |
| Annual Premium: ₹30,000 |
No limit, subject to Board Approved Underwriting Policy |
Sum Assured
Benefit Sum Assured (BSA) is derived basis Age, Product option, GPB, DP, PT, PPT, Income period and premium chosen by the Policyholder
Benefits will vary depending upon options chosen.
Minimum & Maximum Sum Assured on death 11 times of annualised premium.
