Frequently Asked Questions-guaranteed-money-back-plan

Q. What are the Rider Benefits available under the plan? The rider benefits can be chosen on the policy inception or on the policy anniversary during the plan term: Major Surgical Benefit Rider: This rider option provides a lump sum amount to cover all the surgical expenses from the list of 33 surgeries including Open Heart surgery, Kidney Transplant, Cornea transplantation, Transplantation of Lungs and many more. New Critical Conditions Rider: This rider cover provides a lump sum amount to take care of 25 critical conditions including Heart Attack, Cancer, Paralysis, Major Organ transplant and many more. Term Life Insurance Benefit Rider: This rider option provides additional death benefit depending on the sum assured selected under the rider. Family Income Benefit Rider: On death or permanent disability of the insured, this rider cover provides a monthly benefit of 1% of the sum assured monthly which is 12 % per annum to the nominees. This benefit is payable from the date of death till the rider term end or 10 years whichever is later, before the plan maturity. Q. What are the Guaranteed Maturity Additions? The plan provides Guaranteed Maturity Additions as % of the Sum Assured on the Basic Plan which shall be payable on the maturity, given the policy is not paid up. The Guaranteed Maturity Additions depends on the policy term as mentioned below: For a policy term of 15 years, the Guaranteed Maturity Benefits shall be 15% of the Sum Assured under the Basic Plan. For a policy term of 20 years, the Guaranteed Maturity Benefits shall be 20% of the Sum Assured under the Basic Plan. Q. What are the Loyalty Additions under the plan? The Guaranteed Loyalty Additions under the plan shall accrue @ 2% of the Sum Assured under the Basic Plan or Paid-Up Sum Assured at the end of every plan year, given that the plan is not yet surrendered or lapsed.