Insuremile
IRDAI/I NTAII/BA/51/2018
CIN: U72900KA2018PTC110119

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The policyholder has to fill up an `Application form with identity proof, bank account proof, address proof and a recent photograph. Select cases may require income proof and a medical examination. Dhan Vridhi Introduction/Overview TheDhan Vridhi plan is a Unit Linked Insurance Plan that has a limited premium payment term and offers both investment and protection. Policyholders can opt between three limited premium payment terms and enjoy the benefits for a much longer period. They also have the freedom to manage their investments actively with a choice of six unit-linked funds and the option to switch between these funds as they see fit. Key Features This policy allows its customers to pay their premiums for a limited period while staying invested for a longer timeframe and enjoying protection and earning higher returns. Depending on the policyholders risk appetite, this policy offers a choice of six funds for investment. With such features as partial withdrawals, switching and premium redirection, policyholders may control their investment portfolios, as they require. The policyholders may bolster their financial security by choosing to purchase a rider that is available with this policy. Benefits. The Fund Value as on the date of maturity is paid to the policyholder as Maturity Benefit. In the unfortunate event of the demise of the person insured, the nominee receives the Death Benefit. The Death Benefits payable is higher of the following: 1. The Sum Assured minus partial withdrawals (if any), or 2. The Fund Value under policy, or 3. 105% of the total premiums paid, minus any partial withdrawals. Depending on the risk appetite of the policyholder, there are six Unit Linked Funds for investment. The policy offers the flexibility to customize and manage investments through switching between funds. The minimum amount that can be switched is Rs. 5000. Tax benefits are available on the premium paid and Death and Maturity Benefits as per sections 80(C) and 10 (10D) of the Income Tax Act. After completing one policy year, future premiums can be allocated in an altered proportion to the various available funds units. After five years from the start of the policy, partial withdrawals can be made, subject to the condition that the minimum withdrawal amount is Rs. 5000. Product Specification: Details About Premium Policy Details Grace period: There is a limited timeframe of 30 days from the due date of the unpaid premium to pay all dues, without interest. Policy termination or Surrender Benefit: The policy may be surrendered any time during the policy period. The Surrender Value is the Fund Value minus the Discontinuance Charge, if any. If the policy is surrendered before the completion of five policy years then the insurance cover ceases and the Surrender Value equal to Fund Value minus Discontinuation Charge will be kept in the Discontinued Fund of the policy. If surrender of the policy happens after completing five policy years, the insurance cover ceases, the Surrender Value is paid immediately and the policy is terminated. Termination occurs on payment of the Death Benefit or Maturity 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. This timeframe is extended to thirty days in case the policy was sold via distance marketing. If the policyholder does not wish to continue with the policy, then he or she has to return the policy stating their objections. The customer will receive the fund value as on the date of cancellation plus non-allocated premium plus charges levied by cancellation of units 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 With the Settlement option, the policyholder can opt to receive the maturity benefit in periodical payments for five years after the date of maturity rather than as a lump sum. 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 only the Fund Value, as Death Benefit. Documents Required The policyholder has to fill up an `Application form with identity proof (Aadhar Card, Passport, PAN Card or Driving license), bank account proof, address proof and a recent photograph. Select cases may require income proof and a medical examination.

The Fund Value as on the date of maturity is paid to the policyholder as Maturity Benefit. In the unfortunate event of the demise of the person insured, the nominee receives the Death Benefit. The Death Benefits payable is higher of the following: The Sum Assured minus partial withdrawals (if any), or The Fund Value under policy, or 105% of the total premiums paid, minus any partial withdrawals. Depending on the risk appetite of the policyholder, there are six Unit Linked Funds for investment. The policy offers the flexibility to customize and manage investments through switching between funds. The minimum amount that can be switched is Rs. 5000. Tax benefits are available on the premium paid and Death and Maturity Benefits as per sections 80(C) and 10 (10D) of the Income Tax Act. After completing one policy year, future premiums can be allocated in an altered proportion to the various available funds units. After five years from the start of the policy, partial withdrawals can be made, subject to the condition that the minimum withdrawal amount is Rs. 5000.

Details About Premium Policy Details Grace Period: There is a limited timeframe of 30 days from the due date of the unpaid premium to pay all dues, without interest. Policy Termination or Surrender Benefit: The policy may be surrendered any time during the policy period. The Surrender Value is the Fund Value minus the Discontinuance Charge, if any. If the policy is surrendered before the completion of five policy years then the insurance cover ceases and the Surrender Value equal to Fund Value minus Discontinuation Charge will be kept in the Discontinued Fund of the policy. If surrender of the policy happens after completing five policy years, the insurance cover ceases, the Surrender Value is paid immediately and the policy is terminated. Termination occurs on payment of the Death Benefit or Maturity 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. This timeframe is extended to thirty days in case the policy was sold via distance marketing. If the policyholder does not wish to continue with the policy, then he or she has to return the policy stating their objections. The customer will receive the fund value as on the date of cancellation plus non-allocated premium plus charges levied by cancellation of units 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 With the Settlement option, the policyholder can opt to receive the maturity benefit in periodical payments for five years after the date of maturity rather than as a lump sum. Additional Features or Riders There is an additional rider available with this policy, which is the Future Generali Linked Accidental Death Rider, which provides an additional insurance cover if death of the policyholder results from an accident. The revival of a lapsed policy is possible if the policyholder submits a written request for reinstatement within a timeframe of two years from the date of the first unpaid premium. 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 A Policy Administration Charge that is deducted monthly by cancellation of units up to a maximum of Rs. 6000 per annum. Fund Management Charges are deducted on a daily basis and is deducted by adjusting the NAV. There is a Discontinuance Charge for discontinuing the policy within the first four policy years. At the beginning of each month, Mortality Charges are deducted, based on the sum at risk. Switching Charge – Twelve free switches are allowed in a single policy year. Each subsequent switch is charged at Rs. 100. Partial Withdrawal Charge – This policy allows six partial withdrawals free of cost in a policy year. For subsequent withdrawals, there is a charge Rs. 200 per withdrawal. Miscellaneous Charges are levied for any changes made to the policy contract such as premium redirection or decrease in the sum assured. 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 only the Fund Value, as Death Benefit.