You will receive something extra for contributing more towards your savings goals. As your commitment towards savings increases, you will receive an additional benefit every year. This additional benefit is expressed as additional guaranteed$ income rate and is % of Annualized Premium, provided in the table below:

For premiums in between band thresholds (i.e. premiums that fall between two adjacent Annualized Premiums mentioned in table above), the additional rate will be linearly interpolated. The additional benefit will be applicable for the additional benefit will be applicable for Guaranteed Income and Guaranteed Booster, if any.

• Loans are available provided a positive surrender value is payable under the policy at the time of disbursement of the same.
• Loan amount up to 80% of the surrender value can be availed from the Company.
• loan amount including interest exceeds the surrender value, the policy will be foreclosed. The policyholder shall be given due intimation/ notice prior to the policy foreclosure as a reasonable opportunity for continuing the policy. On Foreclosure, the Policy will terminate, and all rights, benefits and interests under the policy will stand extinguished.
• For inforce and/or fully paid-up policy, the policy can't be foreclosed on the ground of outstanding loan amount including interest exceeding the surrender value.
• For availing this feature of loan, the policy shall be assigned to Company
• Before any benefits are paid out, loan outstanding together with the interest thereon if any will be deducted and the balance amount will be payable.
• Applicable interest rate will be equal to 1.5% in addition to prevailing yield on 10 year Government Securities. The yield on 10 year Government Securities will be sourced from www.bloomberg.com. The loan interest rate for January 2025 is 8.32% p.a. compounded half-yearly.
• The loan interest rate will be reviewed monthly by Us and any change in the interest rate shall be effective from 15th of the month.
• The basis for computing loan interest will be reviewed from time to time and may be revised subject to the prior approval of the IRDAI.

It is recommended that you pay all premiums for the period selected to be able to enjoy all policy benefits. However, at any stage if you stop paying premiums the following shall be applicable:

1. If you have not paid premium of at least one full policy year then the policy will lapse on expiry of grace period. If you do notrevive the lapsed policy by the end of revival period, it will terminate and no benefits will be payable.
2. If you stop paying premiums after you paid premiums for first full year, your policy is said to have become "paid-up". A paid-up policy is one where you are entitled to get benefits, but the benefits will be lower than full benefits, since you would have paid lesser than the total premiums supposed to be paid.
   Please read the section on Policy Revival mentioned below, which specifies how one can pay due premiums and revive the benefits of the policy.
3. Paid-up benefits are as explained below:

α. Paid-up Death Benefit:

• On death during the policy term, the paid-up Sum Assured on Death and Interim Paid-up Survival Benefit (if any) plus Contingent Terminal Bonus, if declared, will be payable.
• Paid-up Sum Assured on Death = Higher of (Sum Assured on Death X {number of months for which premiums are paid/(12 X Premium Payment Term)), 105% of Total premiums paid}

^*The Interim Paid-up Survival Benefit will be computed as below:

• For "Immediate Income" and "Deferred Income" variants: Interim Paid-up Survival Benefit = Paid-up GI* Months elapsed since last Survival Benefit payout date/12
• For "Immediate Income with Booster" variant: Interim Paid-up Survival Benefit = (Paid-up GI + Paid-up GB) Months elapsed since last Survival Benefit payout date / 12, where the Paid-up GB will be applicable in case death happens in the policy year when the same is payable. In the event of death of the Life Assured on the Date of Maturity, then only the last Paid - Up Guaranteed Income and Paid - up Maturity Benefit (if applicable) is payable, and the Paid - Up Death Benefit shall not be payable.

b. Paid-up Survival Benefit:

On survival of the Life Assured, on the respective due dates of the payment during the Income Term, paid-up survival benefit in the form of paid-up Gl will be payable as per the prevailing income paymentfrequency after the Policy has become Paid-up, till termination of the policy due to death, surrender or maturity, whichever happens first. The frequency of paid-up Gl will be as chosen by You.

Paid-up GI = Annual GI X (number of months for which premiums are paid / (12 X Premium Payment Term)}X Survival Benefit modal factor/Survival Benefit frequency factor

In case you have selected the "Immediate Income with Booster" plan variant at inception where you will receive Guaranteed Booster (GB), then the same shall be paid in the form of paid-up GB in the policy years' when it is due to be paid otherwise.

Paid-up GB = Annual GB X {number of months for which premiums are paid/(12 X Premium Payment Term)} X Survival Benefit modal factor/Survival Benefit frequency factor.

The first payment of paid-up GI (and paid-up GB, if due) benefit(s) will be made after the Policy converting to reduced paid-up status or due date of payment, whichever is later. Subsequently, each paid-up GI (and Paid-up GB, if due) payment(s) will be made on the respective due dates, as per the income payment frequency chosen.

c. Paid-up Maturity Benefit:

On survival of the life assured till the end of the policy term, for a paid-up policy, the following will be payable:

Maturity Benefit is the sum of

• Paid-up Sum Assured on Maturity, plus
• Contingent Terminal Bonus (if declared).

Paid-up Sum Assured on Maturity = Sum Assured on Maturity X {number of months for which premiums are paid/(12X Premium Payment Term)}

• iv. On revival of a lapsed policy, all benefits under the policy will be restored. All applicable Survival Benefits (GI, CB (if declared) and GB, if any) since premium discontinuance up to the date of revival shall become payable to you.
• v. In addition, on revival of a paid-up policy, the paid-up Sum Assured on Death, paid-up Sum Assured on Maturity and paid-up Survival Benefit will be restored to the original Sum Assured on Death, Sum Assured on Maturity and Survival Benefit, respectively. In addition, the difference between the Paid-up Survival Benefit already paid out during the revival period and the Survival Benefit for a premium paying or fully paid policy (as applicable) will also be payable to you. The above will include all applicable Cash Bonuses (or Fixed Cash Income, if applicable) declared since premium discontinuance up to the date of revival. The Contingent Terminal Bonus (if any) attached to the policy will be reversed.

You can revive your policy benefits for their full value within five years from the due date of the first unpaid premium by paying all due premiums together with interest before the termination date of the policy subject to underwriting and the following conditions:

A policy which has discontinued payment of premium may be revived subject to underwriting and the following conditions:

The application for revival is made within 5 years from the due date of the first unpaid premium or the policy term, whichever is earlier. Revival will be based on the prevailing Board approved underwriting policy.

You furnish, at your own expense, satisfactory evidence of health of the Life Assured as required by the prevailing Board approved underwriting policy.

The arrears of premiums together with interest at such rate as the Company may charge for late payment of premiums are paid. Revival interest rate will be equal to 1.5% in addition to the prevailing yield on 10 year Government Securities. The yield on 10 year Government Securities will be sourced from www.bloomberg.com. The revival interest rate for January 2025 is 8.32% p.a. compounded half-yearly.

The revival interest rate will be reviewed on the 15th day of every month by the company based on the 10-year G-Secyield of one day prior to such review.

The revival of the policy may be on terms different from those applicable to the policy before premiums were discontinued; for example, extra mortality premiums or charges may be applicable. The revival will take effect only if it is specifically communicated by the Company to you. The Company reserves the right to refuse to revive the policy.

Any change in revival conditions will be subject to prior approval from IRDAI and will be disclosed to policyholders.

You can surrender the policy any time after payment of at least one full policy year's premium (s). Prior to receipt of one full year's premium, no surrender value is payable.

If any premium remains unpaid after the expiry of the grace period and at least one full policy years' premium has not been paid the policy's status shall be altered to lapsed status and the insurance cover will cease. No benefits are payable under a lapsed policy.

If any premium remains unpaid after the expiry of the grace period and at least one full policy years' premium has been paid the policy's status shall be altered to paid-up status.

On policy surrender, a Surrender Value equal to the higher of the following will be payable:

• Guaranteed Surrender Value (GSV)
• Special Surrender Value (SSV)

On payment of Surrender Value the policy will terminate and all rights, benefits and interests under the policy will stand extinguished.

Guaranteed Surrender Value

GSV will be calculated as follows:

GSV=GSV Factor X Total Premiums Paid, less Survival Benefits (if any) paid till date, subject to a minimum of zero.

For details on GSV factors for total premiums paid, please refer Clause 16 under Terms and Conditions below.

All the factors applicable to Guaranteed Surrender Value calculation are guaranteed throughout the policy term.

For more details on Special Surrender Value and surrender benefit, please refer to the policy document.

1. No policy of life insurance shall be called in question on any ground whatsoever after the expiry of three years from the date of the policy, i.e., from the date of issuance of the policy or the date of commencement of risk or the date of revival of the policy or the date of the rider to the policy, whichever is later.
2. A policy of life insurance may be called in question at any time within three years from the date of issuance of the policy or the date of commencement of risk or the date of revival of the policy or the date of the rider to the policy, whichever is later, on the ground of fraud: Provided that the insurer shall have to communicate in writing to the insured or the legal representatives or nominees or assignees of the insured the grounds and materials on which such decision is based.
3. Notwithstanding anything containedin sub-section (2), no insurer shall repudiate a life insurance policy on the ground of fraud if the insured can prove that the mis-statement of or suppression of a material fact was true to the best of his knowledge and belief or that there was no deliberate intention to suppress the fact or that such mis-statement of or suppression of a material fact are within the knowledge of the insurer: Provided that in case of fraud, the onus of disproving lies upon the beneficiaries, in case the policyholder is not alive.
4. A policy of life insurance may be called in question at any time within three years from the date of issuance of the policy or the date of commencement of risk or the date of revival of the policy or the date of the rider to the policy, whichever is later, on the ground that any statement of or suppression of a fact material to the expectancy of the life of the insured was incorrectly made in the proposal or other document on the basis of which the policy was issued or revived or rider issued: Provided that the insurer shall have to communicate in writing to the insured or the legal representatives or nominees or assignees of the insured the grounds and materials on which such decision to repudiate the policy of life insurance is based: Provided further that in case of repudiation of the policy on the ground of misstatement or suppression of a material fact, and not on the ground of fraud, the premiums collected on the policy till the date of repudiation shall be paid to the insured or the legal representatives or nominees or assignees of the insured within a period of ninety days from the date of such repudiation.
5. Nothing in this section shall prevent the insurer from calling for proof of age at any time if he is entitled to do so, and no policy shall be deemed to be called in question merely because the terms of the policy are adjusted on subsequent proof that the age of the Life Insured was incorrectly stated in the proposal.