1. What is the benefit structure of this product?

Savings Suraksha provides you:

Protection - Get life cover for the entire policy term

Savings with the comfort of guarantees - At maturity of the policy, you receive:

• Guaranteed Maturity Benefit (GMB)
• Accrued Guaranteed Additions (GAs) - During each of the first five policy years, GA equal to 5% of GMB will accrue to the policy
• Vested reversionary bonuses, if any
• Terminal bonus (A lump sum benefit which is linked to Bonus, if declared, and is paid out on policy termination), if declared

Flexibility - Choose premium payment term, premium payment mode and policy term as per your need

Tax benefits – Tax benefits may be applicable to premiums paid and benefits received as per the prevailing tax laws

2. What does the Lumpsum comprise of in this product?

On survival of the life assured till the date of maturity for a policy on which all due premiums are paid, the following will be payable:

Guaranteed Maturity Benefit (GMB) + accrued Guaranteed Additions + subsisting reversionary bonuses already accrued to the policy, if any + terminal bonus, if any

Your GMB will be set at policy inception and will depend on policy term, premium, premium payment term, Annualized premium and gender. Your GMB may be lower than your Sum Assured on death.

3. What are the boundary condition of this product?

4. Is the product available for online sale?

Yes, this plan is available online for you to purchase.

5. Can we change the premium payment term after the policy inception?

No, it’s not possible to change the premium paying term and Policy term after the issuance of the policy.

• Officially Valid Document (OVD) for identity and address proof
• Recent Passport-size Photograph
• Age Proof (if not established through OVD)
• PAN (or Form 97, wherever applicable)
• Payout Mandate – Bank account details
• CDF - Customer declaration
• Agent confidential report (Based on login source)
• Passport (Applicable for NRI)
• FATCA/CRS declaration (where applicable)
• Any other document, as may be required by the Company on a case to case basis

For processing a claim under this Policy, We will require the following documents (as may be relevant):

For natural deaths:

• Claimant’s Statement
• Original Policy Document
• Death Certificate of the Life Assured issued by the local municipal authority
• Cancelled Cheque for processing electronic payment
• Claimant’s recent photograph, photo Identity proof and address proof
• Medical cause of the death certificate issued by the last treating/ last attending doctor, if any
• Medical records (Admission notes, Discharge Summary/Death summary, test reports etc.), if any
• Pan card/ Form 97 of the Claimant
  • Any other documents or information as may be required by the Company for processing of the claim depending on the cause of the death.

For unnatural deaths:

• Claimant’s Statement
• Original Policy Document
• Death Certificate of the Life Assured issued by the local municipal authority
• Cancelled Cheque for processing electronic payment
• Claimant’s recent photograph, photo Identity proof & address proof
• Post Mortem report & viscera/ chemical analysis report
• FIR report, final police investigation report, police panchnama/ Inquest report, driving license
• Pan card/ Form 97 of the Claimant
  • Any other documents or information as may be required by the Company for processing of the claim depending on the cause of the death.

For processing a maturity claim under this Policy, We will require the following documents

• Cancelled Cheque for processing electronic payment
• KYC of Proposer of the policy

Claim payments are made only in Indian currency in accordance with the prevailing Exchange control regulations and other relevant laws and regulations in India. In case the Claimant is unable to provide any or all of the above documents, in exceptional circumstances such as a natural calamity, the Company may at its own discretion conduct an investigation and may subsequently settle the claim.