Term Insurance

^{Disclaimer: &On payment of additional premium for Female life insured only.}

1. Regular Cover

The Base Sum Assured chosen at inception remains level throughout the policy term. In case life assured dies during the policy term, the Guaranteed Death benefit shall be payable, and the policy will terminate. This plan variant is also available for policies sourced as POS product.

2. Early ROP Plus

On survival of the life insured, the policyholder will get back 50% of the total premiums paid (plus underwriting extra premiums paid plus loading for modal premiums, if any) on higher of (on attainment of age 60 or Age at entry + Premium Payment Term + 10) and yet, continue the life cover with 50% of Base Sum Assured till the end of Policy term. The remaining 50% of the total premiums paid (plus underwriting extra premiums paid plus loading for modal premiums, if any) shall be paid back at the end of policy term, in case of survival of Life insured till the end of policy term.

In case of death of life assured during the policy term, provided all due premiums have been paid, the applicable Guaranteed Death benefit shall be payable.

3. Smart Cover

150% of the Base Sum Assured is payable in case of death of life insured within first fifteen policy years, and 100% of the Base Sum Assured is payable in case of death of life insured after first fifteen policy years.

4. Whole Life Cover

On survival of life insured, the policyholder will get back 50% of the total premiums paid (plus underwriting extra premiums paid plus loading for modal premiums, if any) back on higher of (on attainment of age 60 or Age at entry + Premium Payment Term + 10) and yet, continue the life cover with 50% of the Base Sum Assured till the end of Policy term.

The remaining 50% of the total premiums paid (plus underwriting extra premiums paid plus loading for modal premiums, if any) shall be paid back on attainment of age 100 years and policy terminates thereafter. In case of death of life assured during the policy term till age 100 years, provided all due premiums have been paid, the applicable Guaranteed Death benefit shall be payable.

5. Return of Premium

The Base Sum Assured chosen at inception will remain level throughout the term of the policy. In case life assured dies during the policy term, the Guaranteed Death benefit shall be payable, and policy terminates thereafter. In case of survival of life insured till the end of policy term, 100% of the total premiums paid (plus underwriting extra premiums paid plus loading for modal premiums, if any) will be payable. This plan variant is also available for policies sourced as POS product.

6. Income Protection Cover

Under this plan variant, in case of death of life assured during the policy term, provided the policy is in force, the Guaranteed Death benefit will be payable in the form of ‘monthly income applicable at the time of death’ commencing from the end of the policy month on or after the date of intimation of death and continue for each policy month till higher of 120 months or the outstanding term in months. Where outstanding term in months is equal to number of whole months from the date of death to the end of the Policy Term. The policyholder will have the choice to opt for either ‘Level Income’ or ‘Inflation proof Income’ options. The ‘monthly income applicable at the time of death’ will depend on the option chosen by the policyholder and the same has been defined below:

• Level Income:‘monthly income applicable at the time of death’; is equal to the monthly income chosen at inception.

• Inflation proof Income: ‘monthly income applicable at the time of death’; is equal to the monthly income chosen at inception increased by 10% every 3 years (simple interest) from inception capped at 200% of the monthly income chosen at inception. After the death of the Life Insured, there shall be no increase in the income under this variant.