Simply choose from our range of Insurance plans below

The Guaranteed Maturity Benefit will depend on your age, gender, premium amount, policy term, Sum Assured multiple and the Reference Rates applicable at policy inception. Also this guarantee will not be applicable in case of policy surrender.

Reference Rates:-

The Reference Rates are intended to be calculated by reference to the annualized INBMK G-sec benchmark and the AAA benchmark yields of appropriate terms from Reuters. The Reference Rates are intended to be the weighted average of these benchmark yields rounded down to the nearest multiple of 20 basis points. The following benchmarks and weights are intended to be used to calculate the Reference Rate.

The Reference Rates and the applicable GMB factors for new business will be declared on the 15th of each calendar month or on the next working day if the 15th is a holiday. The Reference Rates and the GMB factors will be valid till the 14th of the next calendar month. However, we may change the Reference Rate and the GMB Factors more frequently than once a month if movements in the benchmarks result in a change of more than 20 basis points in the Reference Rate during the above mentioned period.

* If the Sum Assured under the policy is less than 500% of Single Premium:

• Tax benefit u/s 80C will be limited only up to 20% of Sum Assured
• Tax benefits u/s 10(10D) will not be available and benefits received under the policy will be taxable

In this plan you pay premium only once and enjoy the life cover throughout the term along with a guaranteed maturity benefit at the end of term. The plan is offered for a term of 5 years and 10 years. In the unfortunate event of the death of the Life Assured during the term of the policy, the nominee shall receive Sum Assured or the Guaranteed Maturity Benefit, whichever is higher. At maturity, the Guaranteed Maturity Benefit, declared at policy inception, is paid to the policyholder. Also, you can avail tax benefit on the premiums paid and the benefits received, as per prevailing tax laws.

• Guaranteed Maturity benefit (GMB): At maturity, you will receive the Guaranteed Maturity Benefit declared at policy inception. The Guaranteed Maturity Benefit will depend on your age, gender, premium amount, policy term, Sum Assured multiple and the Reference Rates applicable at policy inception. Also this guarantee will not be applicable in case of Policy surrender.

Guaranteed Maturity Benefit = Single Premium amount X Guaranteed Maturity Benefit Factor. 

• Death benefit

In the unfortunate event of the death of the Life Assured during the term of the policy, the nominee shall receive Sum Assured or the Guaranteed Maturity Benefit, whichever is higher.

• Loans

Loans are available after the policy has attained a Surrender Value. A loan amount of up to 80% of the Surrender Value can be availed. The interest rate charged for policy loans will be the 10 year Reference Rate + 200 basis points. The policy will be foreclosed in case the outstanding policy loan with accrued interest exceeds the Surrender Value.

• Surrender Value

Surrender is not allowed during the first policy year. The Surrender Value will be the higher of the Guaranteed Surrender Value (GSV) and the Non Guaranteed Surrender Value (NGSV).

After the first policy year, the Non Guaranteed Surrender Value will depend on the then applicable Reference Rate and the term outstanding to maturity at the time of surrender.

The Guaranteed Surrender Value will be 20% of the GMB if the term remaining to maturity is greater than 5 years and 40% of the GMB if the term remaining to maturity is less than or equal to 5 years.

Yes, a loan amount of up to 80% of the Surrender Value can be availed. The interest rate charged for policy loans will be the 10 year Reference Rate + 200 basis points. The policy will be foreclosed in case the outstanding policy loan with accrued interest exceeds the Surrender Value.

We offer several options for you to buy as per your convenience. Choose from one of the following:

• Buy Online in 3 easy steps 
• Meet an advisor 
• Visit your nearest branch