Key features include:

• Flexibility to choose from amongst five Fund Options – Future Equity Pension Fund, Future Income Pension Fund, Future Growth Pension Fund, Future Balanced Pension Fund, Super Select Equity Pension Fund
• Automatic Asset Allocation option to adjust your risk profile based on your age
• Option to save under Systematic Money Allocation & Regular Transfer Investment -SMART
• Easy to purchase option with Future Plus Certificate
• Regular income post retirement
• Flexibility of premium payment option as Single Premium or Regular Premium
• Guaranteed Addition*

*Conditions apply

Eligibility:

Death Benefit:

• In case of unfortunate demise of the policyholder, while the policy is in force & before the Vesting date, his/ her nominee will receive the Total Fund Value i.e. sum of Single/Regular Premium Fund Value & the Top-Up Premium Fund value at the applicable unit price plus the Guaranteed Addition, if applicable as given below.
  
  This amount of Death Benefit together with Guaranteed Addition, either partially or entirely, may be used by the Nominee to purchase an annuity from the company or from any other institutions in the market.

Vesting Benefit:

• On survival to the end of the policy term, you will receive the Total Fund Value which is equal to the sum of the value of the Single/Regular Premium Fund & the value of the Top-Up Premium Fund at the applicable unit price plus the Guaranteed Addition on Vesting Date, if applicable, as given below.
  
  You have the option to receive a lump sum up to 1/3rd of the total fund value along with Guaranteed Addition, as defined below, on the Vesting date and the remaining amount must be used to purchase an annuity from the Company or from any other institution in the market.

Guaranteed Addition on Vesting Date:

• Guaranteed Addition will be paid on Vesting date or in case of death before vesting date.

Option I: Single Premium Payment Option

• For this Option, the amount of Guaranteed Addition is determined as a percentage of the Single Premium Fund Value as on the appropriate Date and depends on the policy year in which death occurs or policy term elected by the policyholder in case of vesting.

Option II: Regular Premium Payment Option

• For this Option, the amount of Guaranteed Addition is determined as a percentage of the Regular Premium Fund Value as on the appropriate Date and depends on the chosen policy term and on the number of complete Premium Years of Regular Premiums paid.
  
  a) For Policy Term 10 Years
  
  

  Number of complete Premium years2	Guaranteed Addition (% of Regular premium Fund Value) ^
  10	5.50%

  
  
  b) For Policy Term 11-35 Years
  
  

  Number of complete Premium years2	Guaranteed Addition (% of Regular Premium Fund Value)
  10-19	7.50%
  20-35	9.00%

  
  
  

²One complete Premium Year refers to a complete 12-months period for which Regular Premiums have actually been paid, excluding any period of Premium Discontinuance

The above percentage is guaranteed however the amount is not guaranteed and will depend on the Fund performance. Further this Guaranteed Addition will not be payable on lapse/surrender (subject to policy not being surrendered before the vesting age chosen at inception) or on the Top-up Fund Value under the policy.

Additional Allocation:

The Additional Allocation is the additional premium credited to the respective funds basis premium year till the end of premium paying term.

Additional Allocation is not available for Single Premium Payment Option.

For the Regular Premium Payment Option, It begins from the 11th premium year of your policy. Additional Allocation shall be payable as percentage of the Regular Premium which is tabulated below:

Tax Benefits

• Premiums paid under this plan are eligible for tax benefits under Section 80CCC of the Income Tax Act, 1961*.