” Pay Only Rs6 Lacks once and get money back at his / her age 18, 19, 20 & 21 , total return of Rs22.68 Lacks with risk cover. “
a) On death during the policy term before the date of commencement of risk: Return of single premium excluding service tax and extra premium, if any, without interest.
b) On death during the policy term after the date of commencement of risk: Sum Assured along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any.
Maturity Benefit: Sum Assured, along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable.
ELIGIBILITY CONDITIONS AND OTHER RESTRICTIONS :
1.Minimum entry age : 90 days (completed)
2.Maximum entry age : 65 years (nearest birthday)
3.Maximum maturity age: : 75 years (nearest birthday)
4.Minimum policy term : 10 years
Date of Commencement of risk:In case the age of Life Assured at entry is less than 8 years, risk under this plan will commence either 2 years from the date of commencement or from the policy anniversary coinciding with or immediately following the attainment of 8 years of age, whichever is earlier. For those aged 8 years or more, risk will commence immediately.
1. LOAN: Loan can be availed under this plan any time after completion of first policy year and subject to terms and conditions as the company may specify from time to time.
2. Guaranteed Surrender Value allowable shall be as under:
A.First year: 70% of the Single premium excluding service tax and extra premium, if any
B.Thereafter: 90% of the Single premium excluding service tax and extra premium, if any.
3. TAXES: Taxes, if any, shall be as per the Tax laws and the rate of tax as applicable from time to time.
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