This is a Pure Term Life Insurance Plan, which provides life cover to an individual and pays a lumpsum benefit in the unfortunate event of death.

Yes, you can choose to pay your premium through Yearly/ Half – Yearly/ Quarterly /Monthly mode or opt for single pay.

Single Pay | Regular Pay | Limited Premium Payment Term of 5 | 7 | 10 | 12 | 15 years.

You can choose from a minimum policy term of 5 Years to maximum policy term of 40 Years, depending on the PPT chosen.

Minimum age at entry is 18 Years, while maximum is 60 years.

Minimum Sum Assured is Rs. 1 Cr and maximum is Rs. 2 Cr. (Sum Assured should be in multiples of 25 lacs).

Yes, this product is exclusively available only for individuals who are Non-Smokers. (non-smokers means non consumption of tobacco in any form)

In the event of death of the Life Assured during the Policy Term, death benefit will be paid in lumpsum to the nominee/ beneficiary. Please read the brochure for more details.

As this is a pure term product no maturity benefit is available.

In case you miss paying your Premium on the due date, you get a chance to pay them within the grace period. A grace period of 15 days from the due date of the first unpaid premium is available for Monthly and 30 days for all other modes.

If you have opted for Regular Premium payment term – Your policy will lapse if the due premiums are not received within the grace period.

If you have opted for Limited Premium Payment Term – If the due premium for the first two consecutive full years are not paid within the grace period, then the policy will lapse. Once the policy will lapse, the life cover under the policy ceases.

The Death Benefit under the policy will be paid after deductions of the premiums then due and all premiums falling due and unpaid during the policy year of death.

You can revive your Lapsed policy within five years from the due date of the first unpaid premium by paying all outstanding premium amount with the applicable interest rate and fulfilling medical and financial requirements as required by the Company.

Your policy will terminate in case you are unable to revive your lapsed policy.

Yes you can cancel your policy mid- term. The company will pay the Policy cancellation Value, depending on the premium payment term and no. of premiums paid.

For Single Pay – Policy will acquire policy cancellation value immediately after receipt of Single Premium.

For Limited Pay – Policy will acquire policy cancellation value if at least first two consecutive full years’ premiums are paid.

A Regular premium payment policy will not acquire policy cancellation value.

Yes. Income tax benefits are available on premium paid and benefits received subject to the prevailing tax laws as amended from time to time.

Policy shall terminate on the occurrence of the earliest of the following:

• - On policy being lapsed and not revived within the revival period
• - On policy cancellation
• - On expiry of the Policy Term
• - On death of the Life Assured
• - On freelook cancellation of the policy