CIN: U72900KA2018PTC110119

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If the policyholder survives until the policy matures, he or she receives a Maturity Benefit, which is the Fund Value as on the maturity date. In the unfortunate event of the demise of the policyholder, the nominee receives a Death Benefit. The Death Benefit is the higher of: The Base Fund Value, or The Base Sum Assured, or 105% of the total Regular/Limited premiums paid. Based on the customers propensity to take risks, there is a choice of four Unit Linked Funds for investment. Liquidity is available in the form of partial withdrawals, which are allowed after the first five policy years are completed. The minimum withdrawal amount is Rs. 5000. Policyholders can opt to manage their investments with the switching and premium redirection options. Tax benefits are available on the premium paid and Death Benefit as per sections 80(C) and 10 (10D) of the Income Tax Act.

Details About Premium Policy Details Grace Period: The policyholder is given a timeframe of thirty days to pay all due premiums. This timeframe is reduced to 15 days in case of premiums being paid via monthly mode. The policy will acquire a “Discontinued” status if payment is not made within the applicable timeframe. Policy Termination or Surrender Benefit: If the policy is surrendered before the completion of 5 years, then the insurance cover ceases, and the Fund Value will be transferred to the Discontinued Policy Fund. Proceeds from this will be payable only after the fifth policy anniversary. In case of death of the Life Assured during this period, only the accumulated fund value will be payable to the nominee. After completing five policy years, if it is surrendered, then there is no Surrender/Discontinuance Charges and the Fund Value is paid to the policyholder and the policy will terminate immediately. If the policy is not reinstated within the revival period, the policy is terminated. Termination of the policy also occurs on payment of the Surrender Benefit, Maturity benefit or the Death Benefit. Free Look Period: Policyholders have a limited free look period of 15 days from the date of receiving policy documents to review the policy. The timeframe is thirty days for policies that have been sold via distance marketing mode. If the policyholder does not wish to continue with the policy, then he or she can cancel the policy. The customer will receive the Fund Value plus the unallocated premium minus a proportionate premium for the risk borne by the company, including as any extra expenses, such as towards a medical examination or stamp duty charges. Inclusions The policyholder may switch between the four unit-linked funds at any point of time during the policy term. Policyholders may opt to change the allocation of future premiums with the Premium Redirection facility. The policyholder can opt to receive the Maturity Benefit in installments rather than as a lump sum. The payouts may be received via half-yearly, quarterly or monthly modes. Additional Features or Riders The revival of a lapsed or discontinued policy is possible if the policyholder submits a request for reinstatement within a timeframe of two years from the date of the first unpaid premium and pays all due premiums. Various charges apply to this policy. They are as follows: Premium Allocation Charge, which is deducted from the Premium paid by the customer. The balance is invested in the investments chosen by the policyholder Policy Administration Charge is deducted at the start of each month and is subject to a maximum of Rs. 6000 p.a. Fund Management Charges are deducted daily while calculating the NAV of the funds. At the beginning of each month, Mortality Charges are deducted by cancellation of units from the fund value. Surrender/ Discontinuance Charges are paid only from the sixth policy year onwards. Switching Charge – There is a limit of one free switch allowed in a single policy year. Subsequently each switch is charged at Rs. 100 per switch. Partial Withdrawal Charge – There is one free partial withdrawal in a policy year, after which subsequent partial withdrawals are charged at Rs. 100. Premium Redirection Charges – In a year only one premium redirection is free of cost. Further premium redirection requests are charged at Rs. 100 per request. Medical examination expenses are borne by the policyholder at the time of revival of the policy. There are Miscellaneous Charges in the form of service tax and education cess, which is applied on the notification from the government from time to time. Exclusions The term insurance cover is void if the person insured, whether sane or insane at the time, commits suicide within one year from the start of the policy cover or reinstatement. The company will refund the Fund Value as on the date of death.