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

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I Care ii Plans

Introduction/Overview I Care ii Plans is a non-participating pure term plan which is available for purchase through the companys website. Like a term plan, this plan also provides high protection at very low premium rates thereby protecting the familys future needs in the absence of the breadwinner Key Features It is a pure term insurance plan with Regular pay or Single pay premium paying options There are two types of benefit options: Option I and II where there is an inbuilt Accidental Rider in Option II Option II is available only under the Regular Premium payment option Simple application process

Product Specification

Details About Premium Annual premium in Rupees for a policy tern of 25 years Policy Details Grace Period: 15 days grace period is allowed for payment of premium in monthly mode and 30 days in other modes Policy Termination or Surrender Benefit: there is no option of surrendering the plan under the regular pay option but under the single pay option, the plan acquires Surrender Value which is expressed as a % of the Single Premium paid Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim. Exclusions In case of suicide committed within 12 months of policy inception the premium paid is refunded. In case of suicide within 12 months after revival only 80% of premiums paid are returned to the nominee. For the rider, accidents due to infection, drug abuse, self-inflicted injury, war or civil commotion, criminal acts, aviation, etc. are excluded

Benefits

The nominee gets the Sum Assured on death of the policyholder under Option I Under Option II, in case of accidental death, additional SA is paid which is equal to the basic SA but not exceeding 50 lakhs The minimum death benefit will be 110% or 125% of the Single Premium depending on age or 5 times the annual premium for policy term of 5-9 years or 10 or 7 times the annual premium for policy term of 10 years or more. The minimum death benefit under the Regular pay option can never be lower than 105% of all premiums paid till death Income tax benefit on the premium paid as per Section 80C and on the claims received as per Section 10(10D) of the Income Tax Act.

Documents Required

Policyholder has to fill up an `Application form/ proposal form online and provide self-attested copies of KYC/AML Documents.

I Care ii Plans

Introduction/Overview I Care ii Plans is a non-participating pure term plan which is available for purchase through the companys website. Like a term plan, this plan also provides high protection at very low premium rates thereby protecting the familys future needs in the absence of the breadwinner Key Features It is a pure term insurance plan with Regular pay or Single pay premium paying options There are two types of benefit options: Option I and II where there is an inbuilt Accidental Rider in Option II Option II is available only under the Regular Premium payment option Simple application process

Product Specification

Details About Premium Annual premium in Rupees for a policy tern of 25 years Policy Details Grace Period: 15 days grace period is allowed for payment of premium in monthly mode and 30 days in other modes Policy Termination or Surrender Benefit: there is no option of surrendering the plan under the regular pay option but under the single pay option, the plan acquires Surrender Value which is expressed as a % of the Single Premium paid Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim. Exclusions In case of suicide committed within 12 months of policy inception the premium paid is refunded. In case of suicide within 12 months after revival only 80% of premiums paid are returned to the nominee. For the rider, accidents due to infection, drug abuse, self-inflicted injury, war or civil commotion, criminal acts, aviation, etc. are excluded

Benefits

The nominee gets the Sum Assured on death of the policyholder under Option I Under Option II, in case of accidental death, additional SA is paid which is equal to the basic SA but not exceeding 50 lakhs The minimum death benefit will be 110% or 125% of the Single Premium depending on age or 5 times the annual premium for policy term of 5-9 years or 10 or 7 times the annual premium for policy term of 10 years or more. The minimum death benefit under the Regular pay option can never be lower than 105% of all premiums paid till death Income tax benefit on the premium paid as per Section 80C and on the claims received as per Section 10(10D) of the Income Tax Act.

Documents Required

Policyholder has to fill up an `Application form/ proposal form online and provide self-attested copies of KYC/AML Documents.