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What Do I Get From This Plan?

• Limited pay: You have a choice of paying premiums for either 7 or 10 years, while enjoying a long term savings benefit under the plan.
• Guaranteed benefits: Receive guaranteed benefit at the end of the policy term in form of Guaranteed Maturity Benefit (GMB) (conditions apply*)
  • In the beginning, the GMB would be equal to sum of all premiums payable under the plan.
  • This GMB would increase every year by guaranteed Regular Additions (RA), to increase your savings payable at maturity of plan. The Regular Addition expressed as a percentage of the SA, will be declared at the beginning of every policy year

    Year 2010-11	Regular Addition
    October'10 - December'10	3.9%
    January'11 - March'11	4.1%

    Regular Addition (RA) mentioned above is a percentage of the Sum Assured.
• Additional maturity benefit: Receive additional amount in form of Maturity Addition (MA) at the end of the policy term.
• Death Benefit:Receive a Guaranteed Death Benefit (GDB) equal to the sum of all premiums paid till date compounded at the rate of 5 percent per annum (conditions apply*)
• Easy to purchase: Easy and hassle free application process with no medical underwriting.
• Tax benefits: Tax benefits on the premium paid and benefits received under the policy, as per the prevailing Income Tax laws.

*RA will accrue at the end of each policy year. It will be disclosed at the start of that policy year. The RA shall be calculated as percentage of the SA. This percentage is guaranteed to be 50% of the annualised gross redemption yield (GRY) of the 10-year G-Sec, rounded down to the lower 0.2%,as at the Review Date immediately preceding the start of the policy year. The Review Date shall be the 7th of the first month of every quarter. In case the 7th is not a working day, the GRY of the next working day shall be considered for this purpose

Benefit Illustration

This illustration highlights estimated benefits that would be available to an individual on survival till the end of premium paying term.

Age at entry: 30 years                                         Premium paying mode: Yearly
Premium paying term: 7 years                              Policy term: 15 years

“If your policy offers guaranteed returns, then these will be clearly marked “guaranteed” in the Benefit Illustration on this page. These assumed rates for the RA and the MA are projected assuming a gross interest rate of 8% for this illustration only. The maturity benefit of your policy is dependent on a number of factors, including future performance.”

• Select your premium paying term- 7 years or 10 years.
• Choose your Premium or Sum Assured (SA)

  • (SA = Premium * premium payment term).
• At maturity of the policy, you will receive sum of:
  • Sum Assured (SA)- which is sum of all premiums in the policy
  • Regular Additions(RA)
• This guaranteed addition, expressed as a percentage of the SA, will be declared at the beginning of every policy year (conditions apply*)

  Year 2010-11
  October'10 - December'10	3.9%
  January'11 - March'11	4.1%

  Regular Addition (RA) mentioned above is a percentage of the Sum Assured.
  • Maturity Addition (MA)- A lumpsum amount expressed as a percentage of the SA
• On death during the term of the policy, while the policy is in force
  • Receive a Guaranteed Death Benefit (GDB) (conditions apply*)- which is sum of all premiums paid till date compounded at the rate of 5 percent per annum.

*RA will accrue at the end of each policy year. It will be disclosed at the start of that policy year. The RA shall be calculated as percentage of the SA. This percentage is guaranteed to be 50% of the annualised gross redemption yield (GRY) of the 10-year G-Sec, rounded down to the lower 0.2%,as at the Review Date immediately preceding the start of the policy year. The Review Date shall be the 7th of the first month of every quarter. In case the 7th is not a working day, the GRY of the next working day shall be considered for this purpose.

• Regular Addition (RA) mentioned above is a percentage of the Sum Assured.
• These rates would be declared at the beginning of every policy year and would be guaranteed once declared. RA would accrue to the policy at the end of each policy year.
• RA percentage is guaranteed to be 50% of the annualised gross redemption yield (GRY) of the 10-year G-Sec, rounded down to the lower 0.2%,as at the Review Date immediately preceding the start of the policy year. The Review Date shall be the 7th of the first month of every quarter. In case the 7th is not a working day, the GRY of the next working day shall be considered for this purpose.

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