This is a single premium, non-linked, with profits Endowment Plan


Minimum age at entry  :90 days lbd

Maximum age at entry : 65 years nbd

Min. age at maturity    : 18 years lbd

Max. age at maturity   : 75 years nbd

Minimum term : 10 years

Maximum term : 25 years

Minimum S.A.  :    50,000/- & in multiples  of  5,000  thereafter.

Maximum S.A.  :   No limit

Available Riders: ADDB and Term Rider for full Policy Term.

Mode of  Payment:    Single Premium Rebates:

High S.A. Rebate

  • Upto 95,000 : Nii
  • 1,00,000  to 1,95,000 : 18 %0 SA
  • 2,00,000  to 2,95,000  : 25 %0 SA
  • 3,00,000/- & above : 30 %0 SA Policy

Loan :After one policy year.


  • First Year: 75% of SP.
  • 2nd Year  Onwards:  90% of  SP  + SV  of bonus

Commencement of Risk Cover for age at Entry:

  • Less than 8 years nbd: 2 years after DOC or from policy anniversary coinciding with or immediately following attainment of 8 years of age, whichever is earlier.
  • 8 years nbd and above: Immediate.


  • Before commencement of risk: Return of SP excluding GST & Extra.
  • After commencement of risk: SA on death + Vested Bonus + FAB if a

MATURITY BENEFIT: Basic SA + Vested Bonus + FAB if any.

Back Dating: Allowed without lean months benefit . Interest will be charged for exact no. of days from DOC to date of payment.

Proposal Form: 300, 340 or 360. Income

Tax Benefits :

  • On Basic Prem : u/s 80C up to 10% of SA
  • Maturity : Taxable
  • Death  Claim   :u/s 10(10D)

Underwriting Rules: Without Term Rider

Actual Sum Assured (ASA) for SUC: For FMR, Special Reports, MHR & TRSA: Basic S.A. less Single Premium paid.

Non-Medical Schemes: All Allowed, incl. Exclusive Single Premium NM Scheme.

Age Proofs: All Allowed.

Female Lives : All Allowed.

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

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

Third Gender: Standard Age proof is must. Proposal will be decided at CO NB&R Department.

Sub-Standard Major lives:

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

Occupation/Residence Extra:

Rating up factor for Standard Extra:

10 years : 7.75,  15 years : 10.15

20 years : 11.95,  25 years : 13.30

If Occupation Extra is charged ADDB Rider will not be allowed.

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

NRIs & FNIOs Residence Group:

Term up to 15 years: All Groups allowed without Extra for Max S.A. as applicable to each group.

Term above 15 years:

  • Group I & II : Not Allowed.
  • Group III to IV : Allowed with extra.
  • Group V : Allowed without extra.
  • Juvenile lives & House wives : Group IV & V only.

NMS & Exclusive SP Non-Medical Scheme: Group V only. Mailorder : Only NRIs of Group V.

With Term Rider: Underwriting Rules of Term Rider will be applicable


  1. Reply Animesh Deb Mar 17,2020 2:18 AM

    High sum assured rebates to be clarified in detail.

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