3.Rebate
High
Sum Assured Rebates per Rs. 1,000 Basic Sum
Assured :
|
Basic Sum Assured
|
Rebate
|
|
|
Term
– 5 years
|
Term – 10
years
|
|
Below
Rs.3,00,000
|
Nil
|
Nil
|
|
Rs.3,00,000
to Rs.5,99,999
|
Rs.
2.00
|
Rs.
3.00
|
|
Rs.6,00,000
to Rs.11,99,999
|
Rs.
2.50
|
Rs.
3.50
|
|
Rs
12,00,000 and above
|
Rs.
3.00
|
Rs.4.00
|
4.Loan
Loan
facility will be available to you under this
plan , after completion of one policy year.
5.Surrender
value
The
policy can be surrendered for cash after the
policy has run for at least one year. The
minimum Guaranteed Surrendered Value allowable
is equal to 90% of the Single premium paid
excluding all extra premiums.
Corporation may however pay Special Surrender
value as applicable on the date of surrender
provided the same is higher than the guaranteed
Surrender Value.
The
Special Surrender Value will be the discounted
value of the Maturity Sum Assured and Guaranteed
Additions accrued as on date of surrender.
6.Cooling-off period
In
case one is not satisfied with the “Terms
and Conditions” of the policy , the same
can be returned to us within 15 days
Benefits
A)Death
Benefit:
On
death during the first policy year: Basic
Sum Assured with Guaranteed Addition.
On
death during the policy term after first policy
year, excluding last policy year: 1/3rd of
Basic Sum Assured with Guaranteed Addition.
On
death during last policy year: 1/3rd of Basic
Sum Assured with Guaranteed Addition along
with loyalty addition, if any
B)Maturity
Benefit:
On
maturity, the maturity Sum Assured along with
Guaranteed Addition and Loyalty Addition,
if any, shall be payable.
Maturity
Sum Assured shall be 1/6th of Basic Sum Assured.
C)Guaranteed
Addition:
The
policy provides for Guaranteed Addition at
the following rates:
