Enjoy Zero Charges on All Commonly Used Savings Account Services
Login to the new experience with best features and services
Login to the new experience with best features and services
Customer care hotlineCall 1800 10 888
Product Specifications | ||||||||||||||||||||
Type of Plan | A Non-Linked Non-Participating Individual Savings Life Insurance Plan | |||||||||||||||||||
Coverage | All Individuals (Male | Female | Transgender) | |||||||||||||||||||
Age of the Life Insured at Entry (age as on last birthday) | Minimum | 1* year (subject to minimum maturity age of 18 years) * In case the Life Insured is a minor, the Policy will automatically vest once the life insured attains the age of majority. The risk coverage for the minors will start from the Date of Commencement of Risk. |
||||||||||||||||||
Maximum | 60 years | |||||||||||||||||||
Maturity Age of the Life Insured (age as on last birthday) | Minimum | 18 years | ||||||||||||||||||
Maximum | 77 years | |||||||||||||||||||
Premium payment term (PPT), Policy term (PT) and Benefit payout period |
^The Benefit payout period commences after the end of the policy term, during which the Survival Benefit is payable to the Policyholder. It is chosen at Policy inception and cannot be changed thereafter. |
|||||||||||||||||||
Minimum Annualized Premium | Rs. 50,000 | |||||||||||||||||||
Maximum Annualized Premium | No Limit (subject to Board Approved Underwriting Policy) | |||||||||||||||||||
Premium Payment Modes and Modal Factors | Annual | Semi-Annual | Quarterly | Monthly
|
|||||||||||||||||||
Minimum Sum Assured | Rs. 5,50,000 | |||||||||||||||||||
Maximum Sum Assured | Subject to Board Approved Underwriting Policy | |||||||||||||||||||
Benefit Options | The Policyholder at Policy inception can choose from the following two options:
|
|||||||||||||||||||
Benefit Payout Frequency | The Benefit Payout Frequencies available are Annual, Semi-Annual, Quarterly, Monthly |