In case of unfortunate demise of the Life Insured during the Policy Term, Death Benefit will be paid to the Nominee(s)/legal heir(s)/assignee as per the Plan Option chosen (as explained in the below-mentioned section).

For Plan Option 1 & 2: Death Benefit will be the Sum Assured on Death payable in lump sum.Sum Assured on Death is highest of:

• 11 times the Annualized premium
• 105% of the Total Premiums Paid as on the date of death
• The Absolute amount assured to be paid on death

For Plan Option 3: Death benefit will be paid as Monthly Income, for chosen Income Benefit Period. Monthly Income will be 1.25% of Sum Assured during the Income Benefit Period. The first payment will become due on the first Policy monthiversary on or after the date of death. Any excess amount of Sum Assured on Death over the Effective Sum Assured to be paid on death, will be paid in lump-sum, immediately on death of Life Insured.

Sum Assured on Death is highest of:

• 11 times the Annualized premium
• 105% of the Total Premiums Paid as on the date of death
• The Absolute amount assured to be paid on death

For Plan Option 4: Death benefit will be paid as Monthly Income, for chosen Income Benefit Period. Monthly Income will be 1.25% of Sum Assured for the first year and thereafter the monthly Income will increase by Income Escalation Rate i.e. either by 5% or 10% p.a. simple, as chosen at inception, each year throughout the Income Benefit Period. The first payment will become due on the first Policy monthiversary on or after the date of death. Any excess amount of Sum Assured on Death over the Effective Sum Assured to be paid on death, will be paid in lump-sum, immediately on death of Life Insured

Sum Assured on Death is highest of:

• 11 times the Annualized premium
• 105% of the Total Premiums Paid as on the date of death
• The Absolute amount assured to be paid on death

For more details, please read the product brochure

In case you are diagnosed with a Terminal Illness during the Policy Term, up to an age of 70 years, provided the Policy is in-force, 50% of the applicable Sum Assured on Death, subject to a maximum of Rs. 2 crore, will be paid immediately as a lump-sum and future due premiums shall be waived off. On subsequent death of the Life Insured during the Policy Term, the Sum Assured on Death shall be reduced by the amount of Terminal Illness Benefit already paid. Terminal Illness Benefit shall only be payable on the first diagnosis of any Terminal Illness of the Life Insured during the Policy Term. Terminal Illness Benefit is applicable for all 4 Plan Options.

If you have opted for this benefit at Policy inception, Accelerated Critical Illness (ACI) Sum Assured will be payable to you on the first diagnosis of any of the specified critical illnesses, as mentioned in the product brochure, during the ACI Benefit Cover Period, provided the Policy is in-force and meets the required ACI terms and conditions.

Once the ACI Sum Assured is paid on the first occurrence of any of the specified critical illness during the ACI Term, the ACI benefit will terminate.

Refer to product brochure for more details.

There is no Maturity Benefit payable for Plan Options 1, 3, & 4. If Plan Option 2 has been chosen, the Total Premiums Paid less loadings for modal premiums (if any), rider premium (if any), ACI premium (if any), discount on first year premium and applicable taxes will be payable at the end of the Policy Term.

At any time during the Income Benefit Period, if the nominee would like to get a lump sum instead of the Income Benefits, the commuted value of the outstanding benefits shall be paid as a lump sum. The lump sum shall be calculated as:

Lump Sum = 1.25% x Sum Assured at Inception x Commutation Factor

This lump sum amount at the time of commutation will be at least equal to the Sum Assured at inception less Income Benefit already paid where the commutation factors represent the discounted value of future benefits at the time of commutation.

Under this option, In the unfortunate event of the death of the Life Insured, anytime during the Policy Term, the Nominee(s)/legal heir(s)/assignee will be paid Sum Assured on Death chosen at Inception in Lump Sum. provided all due premiums have been paid.

Under this option, In the unfortunate event of the death of the Life Insured, anytime during the Policy Term, the Nominee(s)/legal heir(s)/assignee will be paid Sum Assured on Death chosen at Inception in Lump Sum. provided all due premiums have been paid.

However, on survival of Life Insured till the end of the Policy term, 100% of the total premiums paid will be payable to the policyholder.

Under this option, In the unfortunate event of the death of the Life Insured, anytime during the Policy Term, the Nominee(s)/legal heir(s)/assignee will be paid monthly income, equal to 1.25% of Sum Assured chosen at inception, commencing with the first policy monthiversary on or after the date of death and continuing for each policy monthiversary throughout the Income Benefit Period, during the chosen Income Benefit Period.

Income Benefit Period can be 10 years, 15 years or 20 years and has to be chosen at the inception of the policy by the life insured.

The Income Benefit Period cannot be changed during the term of the policy.

Under this option, In the unfortunate event of the death of the Life Insured, anytime during the Policy Term, the Nominee(s)/legal heir(s)/assignee will be paid monthly income at the end of each month; for first year it will be equal to 1.25% of Sum Assured chosen at inception, thereafter the monthly income will grow at either 5% or 10% p.a. as per Income Escalation Rate on simple interest basis.

Income Benefit Period can be 10 years, 15 years or 20 years. Income Escalation has to be chosen at the inception of the policy by the Policyholder, and once chosen cannot be changed.