- Policy terms: 15/20/25/30 years
- Premium paying term : same as policy term
- Sum Assured: 5 times the Annualized premium
- Guaranteed Maturity Addition of 8% of Regular Premium Fund Value on maturity**
- Eight Investment Fund Options to choose from - Top-50 Fund, Top-200 Fund, Aggressive Flexi Fund, Stable Flexi Fund, Bond Fund, Large Cap Equity Fund, Infrastructure Fund and Super Select Equity Fund
- Capitalize on volatile market conditions by saving through Systematic Money Allocation & Regular Transfer Investment (SMART)
- Additional Allocation:
|
Premium Year^
|
% of Annualised Premium
|
|
3rd - 10th
Year
|
1%
|
|
11th – 20th year
|
2%
|
|
21st - 30th year
|
3%
|
^Premium Year is determined by the number of complete 12-months period for which Regular Premium has actually been paid, excluding any period of discontinuance of premiums.
**Subject to all due premiums have been paid
Eligibility:
| Features |
| Minimum/Maximum Issue Age |
0 (30 days) / 60 yrs |
| Maximum Maturity Age |
75 Years |
| Minimum Annualised Premium |
Rs.18,000 |
| Maximum Annualised Premium |
Rs.50,000 |
| Premium Mode |
Annual/Semi-annual/Quarterly/Monthly |
| Premium Payment Period |
Regular |
Death Benefit:
- In case of unfortunate death of the insured, while the policy is in force & before the maturity date, his/ her nominee will get Higher of (i) the Sum Assured net of all Deductible Partial Withdrawals, if any, from the Regular Premium Account , or (ii) the Regular Premium Fund Value at applicable unit price.
- In addition to this, for each Top-up the death benefit will be higher of (i) The approved Top-up Sum Assured(s) net of all Deductible partial Withdrawals, if any, from the Top-up Account or (ii) Top-up Fund Value at applicable unit price.
Maturity Benefit:
- On survival to the end of the policy term, Regular Premium Account Value and Top-Up Account Value, valued at applicable unit price, is payable. Additionally, a Guaranteed Maturity Addition# equal to 8% of the Regular Premium Fund Value due under the policy will be paid. No part of Guaranteed Maturity Addition is payable on the surrender / lapse / termination and on death.
# Provided that all the regular premiums due under the policy are paid and the policy is in force
Riders:
- For extra protection, an option to attach Tata AIG Life Accidental Death Benefit Limited Underwriting Rider (UIN: 110A018V01) for issue ages 18 to 55 years at a nominal extra charge. Rider cover cannot exceed the basic policy cover
Tax Benefits
- Premiums paid under this plan are eligible for tax benefits under section 80C of the Income Tax Act, 1961. Moreover, life insurance proceeds enjoy tax benefits as per section 10(10D) of the said Act. Please consult your tax advisor for more details.
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