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Parameter | Variant | ||
Life Shield & Life Shield Plus | Life Shield ROP | ||
Cover up to Age 99 | Cover not up to Age 99 | ||
Age at Entry | Minimum: 18 years Maximum: 65 years (For Pay till 60 option, Maximum: 55 years) |
Minimum: 25 years Maximum: 65 years (For Pay till 60 option, Maximum: 55 years) |
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Age at maturity | 99 years (For Life Shield Plus, for ADB: 85 years) | Minimum: 28 years | Minimum: 28 years |
Maximum: 85 years | Maximum: 85 years | ||
Minimum Policy term | 99 minus Age at Entry (For Life Shield Plus, for ADB: 85 minus Age at Entry) | 10 years | 10 years |
Maximum Policy term | 85 minus Age at Entry | 50 years | |
Premium Payment term | Limited Premium | Limited Premium or Equal to Policy term | Limited Premium or Equal to Policy term |
In Limited Premium, the Premium Payment Terms available are 5 Pay, 6 Pay, 10 Pay, 12 Pay, 15 Pay, 20 Pay and Pay till Age 60 | |||
Minimum Sum Assured | Rs. 50,00,000 | ||
Maximum Sum Assured | No limit, subject to Board Approved Underwriting Policy | ||
ADB Sum Assured (For Life Shield Plus Variant) | Minimum: Rs. 5,00,000 Maximum: Rs. 2,00,00,000 ADB Sum Assured selected at inception will be in a proportion of 10%-100% of base sum assured |
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TI Sum Assured | Minimum: Rs. 50,00,000 Maximum: Rs. 2,00,00,000 TI Sum Assured will be as per the base sum assured subject to the above limits |
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Minimum & Maximum Premium | As per the minimum & maximum Sum Assured | ||
Premium Payment Frequency | Yearly, Half yearly, Quarterly and Monthly Half yearly, Quarterly and Monthly premium frequencies are only allowed under auto-debit process as allowed by RBI to financial institutions. |