It is non-linked, with profit, regular premium endowment plan exclusively designed for male lives having Aadhaar Card issued by UIDAI.
It is endowment plan with guaranteed amount – Lump sum amount received on maturity and be reinvested to buy pension or can be used to take care of any financial need.
More Protection at less premium. Policy Sum Assured is more as compared to total premium paid during the premium payment term.
By paying small extra premium amount, you can secure your life for high insurance protection on natural or accidental death by opting DAB and Term Rider.
|Entry Age -||8 years (completed)||55 years (Nearest Birthday)|
|Term -||10 years||20 years|
|PPT -||Equal to Term|
|Maturity Age -||18 years||70 years (Nearest Birthday)|
|Sum Assured -||₹ 2,00,000/-||₹ 5,00,000/-|
|Mode of Payment -||Yearly, Half Yearly, Quarterly, Monthly (through NACH or through Salary Deductions)||Yearly, Half Yearly, Quarterly, Monthly (through NACH or through Salary Deductions)|
The Basic Sum Assured shall be in multiples of ₹ 5,000/- from Basic Sum Assured ₹ 2,00,000/- to ₹ 3,00,000/- and ₹ 25,000/- for Basic Sum Assured above ₹ 3,00,000/-
On death during first five years - Sum Assured on Death shall be payable.
On death after completion of five policy years - Sum Assured on Death and Loyalty Addition, if any, shall be payable. Where Sum Assured on Death is defined as the highest of 10 times of annualised premium OR Absolute amount assured to be paid on death, i.e. Basic Sum Assured. The death benefit shall not be less than 105% of all the premiums paid as on date of death.
Accidental Death Benefit - DAB Sum along with the above Death proceedingsMaturity Benefit -
On survival to the end of the policy term, Basic Sum Assured along with Loyalty Addition, if any, shall be payable.
If at least three full years' but less than five full years' premiums have been paid in respect of a policy and any subsequent premium is not duly paid: Auto Cover Period of six months from the due date of first unpaid premium (FUP) shall be available.
If at least five full years' premiums have been paid in respect of a policy and any subsequent premium is not duly paid: Auto Cover Period of two years from the due date of first unpaid premium (FUP) shall be available.