Benefits-wealth-accumulation-accelerated-cover-plan

Guaranteed Additions are expressed as a % of annual Premium and depend on the PPT and premium amount The insured will get the total Fund Value on Maturity including Top-up Fund Value The maturity benefit can be taken in instalments over a period of 2, 3, 4 or 5 years through the Settlement Option On death of the policyholder, higher of the Sum Assured net of partial withdrawals made in the last 2 years if the age attained was less than 60 years or Fund Value subject to a minimum of 105% of all premiums paid till death is payable If age attained was more than 60 years, higher of the Sum Assured less withdrawals made after age 58 or the Fund Value subject to a minimum of 105% of all premiums paid is payable The Sum Assured and Fund Value under both the cases will include top-up Sum Assured and top-up Fund Value Income tax benefit on the premium paid as per Section 80C and on claims under Section 10(10D) of the Income Tax Act.