Benefit
Feature
The plan options available are given below:
Option 1 - Level Term Assurance
Option 2 - Level Term Assurance with Waiver of Premium (WOP) Benefits
Option 3 - Increasing Term Assurance
Option 4 - Increasing Term Assurance with Waiver of Premium (WOP) Benefits
Option 5 - Decreasing Term Assurance
Option 6 - Decreasing Term Assurance with Waiver of Premium (WOP) Benefits
Option 7 - Return of Premium
Option 8 - Return of Premium with Waiver of Premium (WOP) Benefit
Terminal Illness Benefit: In case you are diagnosed with a Terminal Illness, 50% of the applicable Sum Assured on death, subject to a maximum of Rs. 2.5 crore, will be paid immediately and all future due premiums are waived off. On subsequent death of the life insured during the Policy Term, the Sum Assured on death shall be reduced by the amount of Terminal Illness Benefit already paid.
Joint Life Protection:
Under this option, two lives, i.e., you (primary life insured) and your spouse (secondary life insured) are covered under the same policy. The Sum Assured applicable for your spouse shall be equal to 50% of your applicable Sum Assured.
Enhanced Lifestage Protection:
You may opt to increase your life cover on occurrence of each of the events below without undergoing for any fresh medical examination. This feature is available only for policy under Plan Option 1 and Option 2, standard life at inception of the policy, regular pay policy and the attained age of life insured is less than or equal to 50 years while exercising this option.
Event | Enhanced Protection (% of Sum Assured at Inception of the policy) |
First Marriage | 50% subject to a maximum of Rs. 50,00,000 |
Birth of 1st Child | 25% subject to a maximum of Rs. 25,00,000 |
Birth of 2nd Child | 25% subject to a maximum of Rs. 25,00,000 |
