Lump Sum

1. Under this plan option, you have to pay premiums for a certain period of time and at the end of the policy term, you will receive a guaranteed¹ lump sum. ^{1T&C Apply}

2. You can choose the premium payment term (1, 5, 6, 7, 8,10,12) and the policy term (5, 10, 12, 15,16, 20) – based on PPT chosen) after which you want to receive the guaranteed¹ lump sum. ^{1T&C Apply}

3. Maturity Benefit (Guaranteed¹ lump sum benefit): Once you pay all your premiums, at the end of your policy term, you will receive a guaranteed¹ lump sum (known as the Sum Assured on Maturity). ^{1T&C Apply}

4. Death Benefit: Single pay- Higher of

• Sum Assured on Death
• Sum Assured on Maturity X Death Benefit factor for Lump sum plan
• Sum Assured on Death is 10 X Single Premium or 1.25 X Single Premium as chosen by you

5. Death Benefit: other than Single pay- Higher of

• Sum Assured on Death
• 105% of Total Premiums Paid up to the date of death
•  Sum Assured on Maturity X Death Benefit factor for Lump sum plan, where,
• Sum Assured on Death is 10 X Annualised Premium

Income

1. Under this plan option, you have to pay premiums for a certain period of time and at the end of the policy term, you will receive a guaranteed¹ income for a certain period. ^{1T&C Apply}

2. You can choose the premium payment term (5,6,7,8,10,12) and your policy term is PPT+1 and the life cover is available for the entire policy term.

3. One can choose to receive guaranteed¹ income for 5, 7 & 10 years. ^{1T&C Apply}

4. Maturity Benefit: Once you pay all your premiums, depending on the premium payment term and the Income Period selected by you, you will receive a guaranteed¹ income. ^{1T&C Apply}

5. Death Benefit: Higher of

• Sum Assured on Death
• 105% of Total Premiums Paid up to the date of death
• Annual guaranteed¹ Income X Death Benefit factor for Income Plan, where, ^{1T&C Apply}
• Sum Assured on Death is 10 X Annualised Premium
• In case of death of the Life Assured during the Income Period, the Claimant will continue to receive the income. The Claimant shall have an option to receive the future income as a lump sum.