• Guaranteed Additions² of 3% to 5% p.a. of “Sum Assured on Maturity” for first 5 years (in addition to declared bonuses)

• Limited premium payment term equal to policy term less 5 years

• Your policy’s value will increase as we declare bonuses

• Option to extend Insurance coverage up to 100 years of age

You can opt for any of the following Plan Options

• Endowment

• Endowment with Whole Life

The plan option should be chosen at policy inception and cannot be altered later 

• Guaranteed addition

• Bonuses

• Maturity Benefit

• Death Benefit

• Accidental death benefit

• High sum assured rebate

• Policy loan

If you stop paying premiums after the policy has acquired a guaranteed surrender value (refer the section on surrender), your policy will be made paid-up at the end of the grace period. Once a policy becomes paid-up:

• The Sum Assured on Death / Maturity shall be reduced by multiplying the Sum Assured on Death / Maturity by the ratio of the total premiums paid to the premiums payable under the policy

• The guaranteed additions shall be reduced by multiplying the additions payable during the policy term by the ratio of the total premiums paid to the premiums payable under the policy

• The Death / Maturity Benefit under a paid-up policy shall be based on Paid-up Sum Assured on Death / Maturity, paid up guaranteed additions and bonuses accrued till the date of becoming paid-up.

 You can revive your paid-up policy.

Simple Reversionary Bonus accrued to the policy at the date the policy is made paid-up will continue to remain attached, but the paid-up policy will cease to qualify for the addition of any future bonuses. Accidental death benefit will be an additional sum equal to paid-up Sum Assured on Death 

It is advisable to continue your policy in order to enjoy the full benefits of your policy. However, we understand that in certain circumstances you may want to surrender your policy.

The policy will acquire a Guaranteed Surrender Value (GSV) provided at least 2 full years’ premium have been paid.

The GSV shall be the aggregate of:

• percentage of total premiums paid

• percentage of subsisting bonuses & guaranteed additions, already attached to the policy 

The surrender value shall be higher of the GSV and the Special Surrender Value (SSV). On payment of the Surrender Benefit, the policy will terminate and no more benefits will be payable. It is always advisable to pay premiums for the full premium payment term in order to receive bonuses throughout your policy term and to enjoy the maximum benefits.