Choose either AD&DB or AB Rider, and/or other riders. Total rider premiums ≤ 30% of base premium. Not available for POSP/CPSC sales.
| Mode | Tabular Premium (₹) | Mode Rebate (₹) | High BSA Rebate (₹) | Online Rebate (₹) | Net Premium (ex-GST) (₹) | 1st Year GST @ 4.5% (₹) | Total Payable (1st Year) (₹) | 2nd Year GST @ 2.25% (₹) | Renewal Payable (2nd Year+) (₹) |
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Premium includes GST as applicable. The illustration uses 4.5% (1st year) and 2.25% (from 2nd year). GST rates subject to change.
Death Benefit (during term after risk start): Sum Assured on Death + Accrued Guaranteed Additions.
Sum Assured on Death: Higher of (125% of BSA or 7× Annualized Premium); minimum ≥ 105% of Total Premiums Paid.
Guaranteed Additions: ₹50 per ₹1,000 BSA per year for in-force policies. Full-year GA payable in year of death.
| Sum Assured on Maturity (= BSA) | Accrued Guaranteed Additions | Total Maturity Benefit (Guaranteed) |
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Settlement Option: You can opt to receive maturity benefit in instalments over 5/10/15 years (Monthly/Quarterly/Half-Yearly/Yearly). Minimum instalments: ₹5,000 (M), ₹15,000 (Q), ₹25,000 (H), ₹50,000 (Y). Interest rate: 5.07% p.a. effective for options commencing May 1, 2024 – April 30, 2025.
Death after risk start: Sum Assured on Death + Accrued GA (minimum ≥ 105% of total premiums paid).
Death before risk start (minor aged <8 years): Refund of Total Premiums Paid (excluding taxes/extras/riders), no interest.
Death Benefit Instalment Option: Available for 5/10/15 years with same minimum instalments as maturity settlement.
| Policy Year | Age | Premium (Modal) | Guaranteed Addition (₹50/₹1,000) | Cumulative GA | Death Benefit (SAD + GA) |
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Note: If death occurs in any policy year, nominee receives Sum Assured on Death + full-year Guaranteed Addition for that year (for in-force policies).
Important: This is a guaranteed benefits plan. Sum Assured on Death, Sum Assured on Maturity, and Guaranteed Additions are guaranteed and fixed. No discretionary benefits like bonuses. GST and other taxes are over and above premium. Special Surrender Value reviewed annually per IRDAI circular dated 12-Jun-2024.