A) Partial Withdrawal Charges

No partial withdrawal charges

B) Full Surrender Charges

Policy can be surrendered any time during the term. However when the request is received in first three policy years, the surrender value will be will be frozen as on date of surrender and shall be payable at the end of three policy years. These will be subject to the surrender charges applicable at that time of surrender.

The following table shows surrender charges as percentage of Regular Premium Fund Value.

In case of Super 110% Capital Guarantee Fund, guarantee will not be applicable on surrender.

There are no surrender charges applicable on the Top-up premium Fund Value.

C) Premium Allocation Charges – as % of Annualised Premium

* Rs. 48,000 for Premium paying term 5 years

D) Mortality Charge – for death benefit (other than accidental death benefit)

Mortality / Cost of Insurance (COI) charges will be deducted monthly in advance from fund and will be based on 100% of Indian Assured Lives Mortality (1994-96) (Modified) Ultimate.

E) Administration Charges

Policy admin charges may be increased up to a maximum of 5% p.a.

F) Waiver of Premium Charge

Waiver of Premium charge is the sum of all future regular premiums due under base policy multiplied by the applicable Waiver of Premium rate, based on the attained age of the Life Assured and the balance premium paying term (in complete years). It is automatically deducted every month from your Regular Premium Account where the life cover is applicable. This charge may also be deducted from either regular premium or top up premium accounts depending upon the Fund sufficiency.

The Waiver of Premium benefit charges are subject to review and may be altered by giving an advance notice of at least 3 months to the policyholder subject to prior approval of IRDA and will have prospective effect.

G) Single Top-Up Premium Allocation Charges

1.5% of the Single Top-Up Premium received will be deducted towards Top-Up Premium Allocation Charges

H) Fund Switching  Charge

There are 24 free switches per policy year. Thereafter a Service charge of Rs.100/- per switch will be applicable.

Manual fund switching for the funds (Accumulation and Target) on which SMART is active is not allowed. Manual fund switching is however allowed on other available funds. For Top up premiums, manual switching option will be available at applicable charges. The fund switching charge may be revised as deemed appropriate by the company but shall not exceed a maximum of Rs. 250/- with prior approval of IRDA.

I) Charge for Guarantee in Super 110% Capital Guarantee Fund

Charge for Super 110% Capital Guarantee Fund will be deducted by cancelling Units at the Unit Price, from the Regular Premium Fund Value of Super 110% Capital Guarantee Fund and the applicable charge is 1.05% p.a. of the Super 110% Capital Guarantee Fund Value. This will be deducted on monthly basis, at the rate of 1/12 of the above mentioned annual rate

J) Fund Management Charge

All Fund Management Charges are subject to revision by Company with prior approval of IRDA but shall not exceed 1.35% per annum of the Fund value .

** Super 110% Capital Guarantee Fund is available only for the policies with premium paying term greater than or equal to 20 years & for issue age less than or equal to 45 years at issue & for a sum assured less than or equal to 20 times of Annualized premium