Survival benefits accrue every year @ 7.5% of the Guaranteed maturity Sum Assured
On death of the policyholder, Guaranteed Death Benefit + accrued Paid up Additions +Terminal Bonus, if any is paid
Guaranteed Death Benefit is higher of 11 times the annual premium or 105% of all premiums paid or Guaranteed Maturity SA chosen at inception
On Maturity, i.e. when the policyholder attains 75 years of age, the Guaranteed Maturity SA + Accrued Paid Up Additions + Terminal Bonus, if any is paid to the policyholder
If the policyholder is diagnosed with a terminal illness, a lump sum benefit of 50% of the Guaranteed Maturity SA is paid immediately which is later offset form the benefits payable
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.
Policyholder has to fill up an `Application form/ proposal form with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.