The Basic Sum Assured shall be in multiples of:

1,00,000/-, if Basic Sum Assured for the policy is 25,00,000/- to 40,00,000/-

10,00,000/-, if Basic Sum Assured for the policy is above 40,00,000/-

Premium Payment Option:

Regular Premium:           Same as Policy Term

Limited Premium:           (Policy Term – 5) for Term 10 Years to 40 Years
                                        (Policy Term – 10) for Term 15 Years to 40 Years                                                                                                          

Death Benefits:

For Regular and Limited Premium Payment Policies

• 7 times of Annualized Premium

Or

• 105% of Total Premiums paid till the date of death

Or

• Absolute Amount Assured to be paid on death

For Single Premium Payment Policies

• 125% of Single Premium

Or

• Absolute Amount Assured to be paid on death

Absolute Amount assured to be paid on death shall depend on Death Benefit Option chosen at the time of taking this policy and is as under:

Option I:Level Sum Assured
Absolute amount assured to be paid on death shall be an amount equal to Basic Sum Assured, which shall remain the same throughout the policy term.

Option II:Increasing Sum Assured
Absolute amount assured to be paid on death shall remain equal to Basic Sum Assured till completion of fifth policy year. Thereafter, it increases by 10% of Basic Sum Assured each year from the sixth policy year till fifteenth policy year till it becomes twice the Basic Sum Assured.

This increase will continue under an inforce policy till the end of policy term; or till the Date of Death; or till the fifteenth policy year, whichever is earlier.

From sixteenth policy year and onwards, the Absolute amount assured to be paid on death remains constant i.e. twice the Basic Sum Assured till the policy term ends.