Benefits
Eligibility
- Single Life 30 days in case the life insured is a minor.
- Joint Life 18 years.
- Single Life 65 years
- Joint Life 50 years
- Single Pay Option B 50 years
No Limit (subject to board approved underwriting policy)
Premium Payment Term (Years) | Policy Term (Years) | |
Minimum | Maximum | |
Single Pay | 5 | 20 |
5 | 10 | 35 |
6 | 12 | |
7 | 13 | |
8 | 14 | |
9 | 15 | |
10 | 16 | |
11 | 17 | |
12 | 18 | |
Frequency | Annual | Semi-annual | Quarterly | Monthly |
Modal Factors | 0.0% | 3.5% | 5.0% | 6.0% |
Annualized Premium | Band 1 | Band 2 | Band 3 | Band 4 | Band 5 | Band 6 |
Single Pay | NA | NA | 100,000 to 199,999 | 200,000 to 499,999 | 500,000 to 24,99,999 | 25,00,000 & above |
Limited Pay | Upto 49,999 | 50,000 to 99,999 | 100,000 to 199,999 | 200,000 to 499,999 | 500,000 to 24,99,999 | 25,00,000 & above |
In case of death due to suicide within 12 months from the date of commencement of the risk or from the date of revival of the policy, as applicable, the nominee(s)/ Legal heir(s) or the beneficiary of the Policyholder shall be entitled to receive the total premiums paid till date of death or surrender value available on the date of death, whichever is higher, provided the policy is In-force.
For Joint Life Protection, the suicide exclusion described above applies in the event of death of either the Primary Life Insured or the Secondary Life Insured.