Benefits-guaranteed-wealth-protector-plan

The insured will get higher of the total fund value including loyalty additions and wealth boosters or the assured benefit on maturity. The assured benefit will be equal to 101% of single pay or 101% of all premiums paid under the Limited pay option. On death, higher of the sum assured or minimum death benefit or fund value is payable. Minimum death benefit is equal to 105% of all premiums paid till death plus loyalty additions are added from the 6th policy year at 0.25%. At the end of the 10th policy year wealth boosters are added to the fund value at 1.50% for single pay and 3.25% for limited pay options. All these additions are expressed as a percent of the average fund value over the last eight quarters. Income tax benefit on the premium paid as per Section 80C and on claims under Section 10(10D) of the Income Tax Act.