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 EntrySum 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 PremiumPolicy Term
Less than Rs. 48,00015 to 25 years
Rs. 48,000 and Above10 to 25 years

Premium Paying Term is Same As Policy Term

Guaranteed Additions as per percentage of Annualized Premium

End of Policy YearAnnualized Premium
Less Than Rs. 48,000Rs. 48,000 and Above
63%5%
106%10%
1512%20%
2015%25%
2518%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
Options available under the Plan
  • 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