It is a non-participating, regular premium, individual life insurance plan which offers life insurance cover cum savings throughout the term of the policy.
Attractive Guaranteed Additions
Guaranteed Additions at fixed intervals as per percentage of Annualized Premium
Flexibility to select Funds
Below are the Investment Fund Types to provide Long Term Capital appreciation. You can select Fund of your choice.
Flexi Growth Fund
Flexi Smart Growth Fund
Advantages
Tax Free returns upto 2.5 Lacs
Four free switches during a policy year
Age Eligibility as per Basic Sum Assured
| Age at Entry | Sum Assured |
| 90 days (completed) to 50 years (nearer Birthday) | 7 times or 10 times of Annualized Premium |
| 51 years (nearer Birthday) to 60 years (nearer Birthday) | 7 times of Annualized Premium |
Policy Term depending on Annualized Premium
| Annualized Premium | Policy Term |
| Less than Rs. 48,000 | 15 to 25 years |
| Rs. 48,000 and Above | 10 to 25 years |
Premium Paying Term is Same As Policy Term
Guaranteed Additions as per percentage of Annualized Premium
| End of Policy Year | Annualized Premium | |
| Less Than Rs. 48,000 | Rs. 48,000 and Above | |
| 6 | 3% | 5% |
| 10 | 6% | 10% |
| 15 | 12% | 20% |
| 20 | 15% | 25% |
| 25 | 18% | 30% |
Death Benefits
Before Commencement of Risk: Fund Value as on death
After Commencement of Risk:
Higher of…
Basic Sum Assured reduced by any Partial Withdrawals made during the two years period immediately preceding the date of death
OR
Unit Fund Value as on date of Intimation of Death
OR
105% of total premiums received upto the date of death reduced by Partial Withdrawal made during the two years period immediately preceding the date of death
Maturity Benefits
- Fund Value (plus Mortality Charges, if all premiums are paid)
- Refund of Mortality Charge shall not be payable in case of Surrendered, Discontinued or Paid-up policy
- Surrendered: You can surrender anytime during the Policy Term
- Switching: Four free switches during a policy year
- Settlement Option of Death Claim is available
- Partial Withdrawal: It can be partially withdraw anytime after the 5 years Lock-in-Period
- Lic’s Linked Accidental Death Benefit Optional Rider is available.
- Tax Free returns upto 2.5 Lacs
