This is a limited payment, non-linked, with profits Money Back Plan

Features & Conditions NEW MONEY BACK PLAN – 20 YEARS

Minimum age at entry – 13 years Ibd

Maximum age at entry – 50 years nbd

Max. age at maturity – 70 years nbd

Policy term – 20 years

Premium Paying term – 15 years

Minimum S.A. – Rs. 1,00,000/- & in multiples of Rs. 5,000 thereafter.

Maximum S.A. – No limit

DEATH BENEFIT: 125% of Basic Sum Assured on Death + Vested Bonus + FAB if any.

SURVIVAL BENEFIT: 20% of Basic SA is payable after 5th, 10th and 15th year.

MATURITY BENEFIT: 40% of Basic Sum Assured + Vested Bonus + FAB if any.

Available Riders: ADDB/AB Rider, Term Rider & Critical illness Rider.

Mode of Payment: Yearly,Half Yly, Qly & Mly (SSS & NACH) Rebates:

Mode Rebate: Yearly : 2%, Half Yly: 1 %

High Basic S.A. Rebate:

  • Upto 1,95,000   : Nil
  • 200000 to 4,95,000 : Rs. 2 % of Basic SA
  • 500000/- & above : Rs. 3 % of Basic SA

Grace Period: 15 Days for monthly mode and 30 days for other modes.

Claim Concessions: Available under Base Plan only. Not apply to Riders and Death due to Suicide.

Paid up/Surrender/Policy Loan: After Premiums paid for 2 full years.

Revivals: Within 5 years of FUP.

Back Dating: Allowed with lean Month’s benefits. Proposal Form: 300, 340 or 360

Tax BenefitsOn Basic Premiums : u/s 80C SB/Maturity/Death claim : u/s 10(10D)

Underwriting Rules: Without Term or CI Rider

Actual Sum Assured (ASA) for SUC: For FMR, Special Reports, MHR & TRSA: 1.25 times of Basic S.A.

Non -Medical Schemes: All Allowed.

Age Proofs: All Allowed.

Female Lives : All Allowed.

Pregnant ladies: Cat A1 only up to 24 weeks of pregnancy.

Minor lives/Maior Students:

  • Max TRSA inclusive of all plans Rs. 2crore & Standard Minor lives
  • only. TRSA beyond Rs. 2crore/substandard minor lives at CUS
  • only with MM’s recommendation. Standard Age Proof is must.

Sub-Standard Maior lives:

  • Up to EMR Class Ten only.
  • Physically Handicapped lives should be gainfully employed.

Occupation/Residence Extra: 1.50 times of Standard extra.
If Occupation extra is charged CIR/ADDB/AB
Rider will not be allowed.

Keyman/Partnership/Empl-Employee: Allowed only under Employer-Employee

NRIs & FNIOs Residence Group:

  • Group 1 & II : Not Allowed.
  • Group III & IV : Allowed with extra.
  • Group V : Allowed without extra.
  • House wives & Juvenile Lives: Group IV & V only.
  • NMS : Group V only.
  • Mailorder : Only NRIs of Group V.

With Term or Cl Rider: Underwriting Rules of Term or Cl Rider will be applicable.

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