You have an option to choose from three benefit periods –5,10 and 15 yrs.

You may pay your premiums by cash, credit card, salary deduction, ECS, Demand Draft, direct debit, etc. You also have a choice to pay your premiums yearly, half yearly, quarterly or monthly. Monthly mode will be through ECS/Demand Draft only.

You may pay your premiums by cash, credit card, salary deduction, ECS, Demand Draft, direct debit, etc. You also have a choice to pay your premiums yearly, half yearly, quarterly or monthly. Monthly mode will be through ECS/Demand Draft only.

An option for additional Sum Assured is available provided the base sum assured is  minimum Rs 10,000/- and the sum assured under the rider should not exceed the sum assured under the base product if the death occurs due to accident. For further details refer detailed brochure on AD Rider.

If the policy is not revived during this period the policy will continue on paid-up basis, provided all due premiums for first two policy years have been paid in full. Otherwise the policy will be terminated.

Nomination
You may at any time before the policy matures for payment, nominate a person or persons to receive the benefit payable under the Death Benefit provision. You may also appoint any person, who is a major to receive the death proceeds on behalf of the nominee during the nominee’s minority. We will not recognize a nomination or change in nomination until we receive your notice in writing in the prescribed format at our Servicing Office. We will not express any opinion on the validity or legality of the nomination.
If no nominee is alive at the time of death of he Life Insured, the Life Insured’s estate shall be deemed to be the nominee.
Nomination made under the provision is as per Section 39 of the Insurance Act, 1938.

Tax Benefit
Under Section 80C and 10 (10D) of income tax act, 1961. (As per current Tax legislation) Conditions apply. Please contact your Advisor for details.

Section 45
No policy of life insurance effected after the coming into force of this act shall, after the expiry of two years from the date on which it was effected be called in question by an insurer on the ground that statement made in the proposal or in any report of a medical officer, or referee, or friend of the life insured, or in any other document leading to the issue of the policy, was inaccurate or false, unless the insurer shows that such statement was on a material matter or suppressed facts which it was material to disclose and that it was fraudulently made by the policyholder and that the policyholder knew at the time of making it that the statement was false or that it suppressed facts which it was material to disclose.
Provided that 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 application.