What exactly does my family get if I die?

Death benefit

The proposer shall have an option to choose “Sum Assured 3 on Death” as per the two options available under each of Single Premium and Limited Premium payment. The options should be chosen carefully depending on your child's specific needs, as the premium & benefits under the plan shall vary as per the option chosen and the same shall not be altered later. Premium Option Sum Assured on Death Payment Limited Option I Higher of Premium • 7 times of Annualized Premium; or Payment • Basic Sum Assured Option II Higher of • 10 times ofAnnualized Premium;or • Basic Sum Assured Single Option III Higher of Premium • 1.25 times of SinglePremium;or Payment • Basic Sum Assured Option IV 10 times of Single Premium Note: In the above mentioned table, i. “Annualized Premium” shall be the premium amount payable in a year, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums. ii. “Single Premium” shall be the premium amount chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums, if any. Death benefit payable in case of death of the life assured during the policy term after the date of commencement of risk but before the date of maturity, provided the policy is in-force, shall be “Sum Assured on Death” along with Accrued Guaranteed Additions for in-force policy. The“ Sum Assured on Death” shall be as per the Option

Death benefit

Death benefit payable on death of the life assured during the policy term after the date of commencement of risk but before the date of maturity, shall be “Sum Assured on Death” along with accrued Guaranteed Additions Where, “Sum Assured on Death” is defined as higher of of 125% of Basic Sum Assured or 7 times of Annualized Premium. This Death Benefit shall not be less than 105% of the “Total Premiums Paid” upto the date of death. Where, i. “Annualized Premium” shall be the premium amount payable in a year, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums. ii. “Total Premiums Paid” means total of all the premiums paid under the base product, excluding any extra premium, and taxes, if collected explicitly. In case LIC's Premium Waiver Benefit Rider is opted for, in the event of death of Proposer, any subsequent Premiums which are waived shall be deemed to have been received and be included in the Total Premiums Paid. However, in case of minor Life Assured, whose age at entry is below 8 years, on death before the commencement of Risk (as specified in Para 2 above), the Death Benefit payable shall be return of Total Premiums paid (excluding taxes, extra premium and rider premiums if any), without interest. B) Maturity Benefit: On Life Assured surviving the stipulated Date of Maturity provided the policy is in-force, “Sum Assured on M

Death benefit

Death benefit payable on death of the Life Assured during the policy term after the date of commencement of risk but before the date of maturity, provided the policy is in-force and claim is admissible shall be “Sum Assured on Death”. Under Regular premium and Limited premium payment, “Sum Assured on Death” is defined as the highest of: • 7 times of Annualised Premium; or • 105% of “Total Premiums Paid” upto the date of death; or • Absolute amount assured to be paid on death. Under Single premium payment, “Sum Assured on Death” is defined as the higher of: • 125% of Single Premium; or • Absolute amount assured to be paid on death. Where, i. “Annualized Premium” shall be the premium amount payable in a year, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, ii. “Total Premiums Paid” means total of all the premiums paid under the base product, excluding any extra premium, and taxes. If Life Stage Option has been exercised, the Total Premiums Paid shall also include the additional premium(s) paid. iii. “Single Premium” shall be the premium amount payable, excluding the taxes, rider premiums, underwriting extra premiums. 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: o Option I: Level Sum Assured Absolute amount assured to be paid on death shal

Death benefit

Death benefit payable in case of death of the Life Assured during the policy term provided the policy is in-force i.e. all due premiums have been paid shall be “Sum Assured on Death” along with accrued Guaranteed Additions. “Sum Assured on Death” is defined as the higher of 'Basic Sum Assured' or 10 times of ('Tabular Annual Premium' multiplied by Modal adjustment factor). This Death Benefit shall not be less than 105% of total premiums paid up to the date of death. Where, (i) Modal adjustment factor shall depend on the mode of premium payment opted by the Policyholder and shall be as under: 3 Mode of Premium Modal adjustment Payment factor Yearly 1.0000 Half-Yearly 1.0180 Quarterly 1.0272 Monthly 1.0332 (ii) “Tabular Annual Premium” shall be the premium for the chosen Survival Benefit Option and Basic Sum Assured based on the age of the Life Assured and the Premium Paying Term chosen before allowing any rebate or loadings or any underwriting extra and does not include any taxes and Rider premium(s), if any. (iii) “Total Premiums Paid” means the total of all premiums paid under the Base product excluding any extra premium and taxes, if collected explicitly. B. Maturity Benefit: On Life Assured surviving to the stipulated Date of Maturity, provided the policy is in-force, “Sum Assured on Maturity” along with accrued Guaranteed Additions shall be payable, where “Sum Assured on Ma

Death benefit

On death during first five years: Death Benefit defined as sum of “Sum Assured on Death” and accrued Guaranteed Addition shall be payable. On death after completion of five policy years but before the date of maturity: Death Benefit defined as sum of “Sum Assured on Death” and accrued Guaranteed Addition and Loyalty Addition, if any, shall be payable. Where “Sum Assured on Death” is defined as the higher of 125% of Basic Sum Assured or 7 times of annualised premium. This death benefit shall not be less than 105% of total premiums paid upto the date of death. Where, i. “Annualized Premium” shall be the premium amount payable in a year, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums. 3 ii. “Total Premiums Paid” means total of all the premiums paid under the base product, excluding any extra premium, and taxes, if collected explicitly. In case LIC's Premium Waiver Benefit Rider is opted for, in the event of death of Proposer, any subsequent Premiums which are waived shall be deemed to have been received and be included in the Total Premiums Paid. B. Survival Benefit: On the life assured surviving to each of the specified durations during the policy term, provided all due premiums have been paid, a fixed percentage of Basic Sum Assured shall be payable. The fixed percentage for various policy terms is as below: Policy Term Percentag

Death benefit

Death benefit, payable on death of the Life Assured during the policy term after the date of commencement of risk but before the stipulated Date of Maturity, provided the policy is in-force and claim is admissible shall be “Sum Assured on Death”. For Limited premium payment policy, “Sum Assured on Death” is defined as the higher of: • 105% of “Total Premiums Paid” up to the date of death; or • Absolute amount assured to be paid on death Where, “Total Premiums Paid” means the total of all premiums paid under the base product, excluding any extra premium and taxes, if collected explicitly. For Single premium policy, “Sum Assured on Death” is defined as : • Absolute amount assured to be paid on death Where Single Premium shall be the premium amount payable excluding taxes and underwriting extra premiums. Absolute amount assured to be paid on death shall be as specified in the Risk Cover Schedule. The Risk Cover Schedule shall show the Sum Assured on Death for each Policy Year and shall be based on the chosen interest rate p.a. effective on an equated yearly repayment basis, irrespective of the actual loan repayment. At the inception, the Sum Assured on Death shall be equal to the Basic Sum Assured and subsequently at each Policy Year, Sum Assured on Death shall be as mentioned in the Risk Cover Schedule. Death Benefit as specified in the Risk Cover Schedule may be higher or lower

Death benefit

Death benefit payable on death of the Life Assured during the policy term after the date of commencement of risk but before the date of maturity, provided the policyis inforce and claim is admissible shall be “Sum Assured on Death”. Under Regular premium and Limited premium payment, “Sum Assured on Death” is defined as the highest of: • 7 times of Annualised Premium; or • 105% of “Total Premiums Paid” upto the date of death; or • Absolute amount assured to be paid on death. Under Single premium payment, “Sum Assured on Death” is defined as the higher of: • 125% of Single Premium; or • Absolute amount assured to be paid on death. Where, i. “Annualized Premium” shall be the premium amount payable in a year, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, ii. “Total Premiums Paid” means total of all the premiums paid under the base product, excluding any extra premium, and taxes. iii. “Single Premium” shall be the premium amount payable, excluding the taxes, rider premiums, underwriting extra premiums. 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 5 remain the same throughout the policy term. ● Option II: Incr

Death benefit

Death benefit payable in case of death of the Life Assured during the policy term, provided the policy is in-force (i.e. all due premiums have been paid) shall be “Sum Assured on Death” along with vested Simple Reversionary Bonuses and Final Additional bonus, if any. Where, “Sum Assured on Death” is defined as the higher of Basic Sum Assured or 7 times of annualised premium. This death benefit shall not be less than 105% of total premiums paid upto the date of death. 2 Where, i. “Annualized Premium” shall be the premium amount payable in a year, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums ii. “Total Premiums Paid” means total of all the premiums paid under the base product, excluding any extra premium, and taxes, if collected explicitly. In case LIC's Premium Waiver Benefit Rider is opted for, in the event of death of Proposer, any subsequent Premiums which are waived shall be deemed to have been received and be included in the Total Premiums Paid. B. Maturity Benefit: On Life Assured surviving to the end of the policy term, provided the policy is in-force, “Sum Assured on Maturity” along with vested Simple Reversionary bonuses and Final Additional bonus, if any, shall be payable. Where, “Sum Assured on Maturity” is equal to Basic Sum Assured. C. Participation in Profits: The policy shall participate in profits of the Corpora

Death benefit

On death of the Life Assured during the policy term before the stipulated Date of Maturity provided the policy is in- force i.e. all due premiums have been paid, Death Benefit, defined as sum of “Sum Assured on Death”, vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable. Where “Sum Assured on Death” is defined as higher of: - 7 times of annualised premium or - Sum of 110% of Basic Sum Assured, which shall be payable on date of maturity and Annual Income Benefit equal to 10% of the Basic Sum Assured, which shall be payable from the policy anniversary coinciding with or following the date of death of Life Assured, till the policy anniversary prior to the date of maturity. Where, (i) “Annualized Premium” shall be the premium payable in a year, excluding taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, and (ii) “Total Premiums Paid” means the total of all premiums paid under the Base product excluding any extra premium and taxes, if collected explicitly. The vested Simple Reversionary Bonuses and Final Additional Bonus, if any, included in the Death Benefit, shall be payable on due date of maturity. 3 The Death Benefit defined above shall not be less than 105% of total premiums paid upto the date of death. B. Maturity Benefit: On Life Assured surviving the policy term, provided the policy is in-force, “Sum Assur

Death benefit

Death Benefit payable on death of the life assured during the policy term after the date of commencement of risk but before the date of maturity, shall be “Sum Assured on Death” along with vested Simple Reversionary Bonuses and Final Additional Bonus, 3 if any. Where “Sum Assured on Death” is defined as Higher of 7 times of annualized premium or 125% of Basic Sum Assured. This Death Benefit shall not be less than 105% of the total premiums paid upto date of death. Where, i. "Annualized Premium” shall be the premium payable in a year, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums ii. “Total Premiums Paid” means total of all the premiums paid under the base product, excluding any extra premium, and taxes, if collected explicitly. In case LIC's Premium Waiver Benefit Rider is opted for, in the event of death of Proposer, any subsequent Premiums which are waived shall be deemed to have been received and be included in the Total Premiums Paid. However, in case of minor Life Assured, whose age at entry is below 8 years, on death before the commencement of Risk (as specified in Para 1 above), the Death Benefit payable shall be return of Total Premiums paid (excluding taxes, extra premium and rider premiums if any), without interest. B. Survival Benefit: On Life Assured surviving each of the respective policy anniversaries, provided th

Death benefit

On death of the Life Assured after the date of commencement of risk, Death Benefit equal to “Sum Assured on Death” along with accrued Guaranteed Additions shall be payable, provided the policy is in-force. This Death Benefit shall not be less than 105% of total premiums paid up to the date of death. “Sum Assured on Death” is defined as higher of 'Basic Sum Assured' or '7 times of Annualized Premium'. Where, i.“Annualized Premium” shall be the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any. ii. “Total Premiums Paid” means total of all the premiums received, excluding any extra premium, any rider premium and taxes if collected explicitly. However, in case of minor Life Assured, whose age at entry is below 8 years on death before the commencement of Risk (as specified in Para 2 above) the death benefit shall be refund of premium(s) paid (excluding taxes, any extra premium, rider premium(s), if any), without interest. 4 B. Survival Benefit: Survival Benefit in the form of Regular Income Benefit or Flexi Income Benefit as per the option chosen shall be as under: Option I - Regular Income Benefit: On survival of Life Assured, Regular Income Benefit equal to 10% of Basic Sum Assured shall be payable at the end of each policy year starting from the year as specified in

Death benefit

On death of the Life Assured after the date of commencement of risk, Death Benefit equal to “Sum Assured on Death” along with accrued Guaranteed Additions shall be payable. “Sum Assured on Death” is defined as higher of 'Basic Sum Assured' or '1.25 times of Tabular Single Premium'. “Tabular Single Premium” is the premium for the chosen Basic Sum Assured based on age of the life assured and Guaranteed Addition Period, before allowing for rebate or any underwriting extra and does not include any taxes and Rider Premium, if any. 4 Under Option II - Flexi Income Benefit, in addition to above any accumulated value of Flexi Income Benefit(s) due and not withdrawn shall also be payable. However, in case of minor Life Assured, whose age at entry is below 8 years, on death before the commencement of Risk (as specified in Para 2 above), the death benefit payable shall be return of Single Premium paid excluding taxes, any extra premium and rider premium(s), if any, without interest. B. Survival Benefit: Survival Benefit in the form of Regular Income Benefit or Flexi Income Benefit as per the Survival Benefit Option chosen shall be as under: i. Option I – Regular Income Benefit On survival of Life Assured, Regular Income Benefit equal to 10% of Basic Sum Assured shall be payable at the end of each policy year starting from the year as specified in Table-1 below. These Regular Income Benefi

Death benefit

The proposer shall have an option to choose “Sum Assured on Death” as per the two options available. The options should be chosen carefully depending on your specific needs, as the premium & benefits under the plan shall vary as per the option chosen and the same shall not be altered later. Option Sum Assured on Death Option I Higher of: • 7 times of (Tabular Annual Premium multiplied by Modal adjustment factor); or • Basic Sum Assured Option II Higher of: • 10 times of (Tabular Annual Premium multiplied by Modal adjustment factor); or • Basic Sum Assured Note: In the above mentioned table: i) Modal adjustment factor shall depend on the mode of premium payment opted by the Policyholder and shall be as under: Mode of Premium Modal adjustment factor Payment Annual 1.0000 Half-yearly 1.0186 Quarterly 1.0280 Monthly 1.0344 ii) 'Tabular Annual Premium' shall be the premium for the chosen “Sum Assured on Death” option and Basic Sum Assured, based on the age of the Life Assured before 4 allowing for any rebate or loadings or any underwriting extra and does not include any taxes and Rider Premium, if any. The option once chosen cannot be altered. Death Benefit payable on death of Life Assured during the policy term after the date of commencement of risk, but before the date of Maturity provided the policy in in-force shall be “Sum Assured on Death” along with Accrued Guaranteed Additio

Death benefit

Death Benefit, payable on death of the life assured during the policy term after the date of commencement of risk but before the date of maturity,provided the policy is in-force shall be “Sum Assured on Death” along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any. Where “Sum Assured on Death” is defined as Higher of Basic Sum Assured or 7 times of annualized premium. This death benefit shall not be less than 105% of the total premiums paid upto date of death. Where, 3 i. “Annualized Premium” shall be the premium payable in a year, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums ii. “Total Premiums Paid” means total of all the premiums paid under the base product, excluding any extra premium, and taxes, if collected explicitly. In case LIC's Premium Waiver Benefit Rider is opted for, in the event of death of Proposer, any subsequent Premiums which are waived shall be deemed to have been received and be included in the Total Premiums Paid. However, in case of minor Life Assured, whose age at entry is below 8 years, on death before the commencement of Risk (as specified in Para 1 above), the Death Benefit payable shall be return of Total Premiums paid (excluding taxes, extra premium and rider premiums if any), without interest. B. Survival Benefit: On Life Assured surviving each of the respective policy an

Death benefit

Death benefit payable in case of death of the Life Assured during the policy term provided the policy is in-force (i.e. all due premiums have been paid) shall be “Sum Assured on Death” along with vested Simple Reversionary Bonuses and Final Additional bonus, if any. Where, “Sum Assured on Death” is defined as higher of Basic Sum Assured or 7 times of annualized premium. This death benefit shall not be less than 105% of total premiums paid upto the date of death. Where, i. “Annualized Premium” shall be the premium payable in a year, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums ii. “Total Premiums Paid” means total of all the premiums paid under the base product, excluding any extra premium, and taxes, if collected explicitly. In case LIC's Premium Waiver Benefit Rider is opted for, in the event of death of Proposer, any subsequent Premiums which are waived shall be deemed to have been received and be included in the Total Premiums Paid. B. Maturity Benefit: On Life Assured surviving the policy term, provided the policy is in-force, “Sum Assured on Maturity” along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable. Where, “Sum Assured on Maturity” is equal to Basic Sum Assured. 3 C. Participation in Profits: The policy shall participate in profits of the Corporation and shall be entitled

Death benefit

Death benefit payable on death of the Life Assured during the policy term after the date of commencement of risk but before the date of maturity , provided the policy is inforce and claim is admissible shall be “Sum Assured on Death”. For Regular premium and Limited premium payment policy, “Sum Assured on Death” is defined as the highest of: • 7 times of Annualised Premium; or • 105% of “Total Premiums Paid” upto the date of death; or • Absolute amount assured to be paid on death. For Single premium policy, “Sum Assured on Death” is defined as the higher of: 2 • 125% of Single Premium; or. • Absolute amount assured to be paid on death. Where, i. “Annualized Premium” shall be the premium payable in a year, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums ii. “Total Premiums Paid” means total of all the premiums paid under the base product, excluding any extra premium and taxes. iii. “Single Premium” shall be the premium amount payable, excluding the taxes, rider premiums, underwriting extra premiums. iv. 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: o 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. o Option II: Incr

Death benefit

Provided all due premiums have been paid, the fol- lowing death benefit shall be paid: • On Death during the policyterm i.e. before the stipulated Date of Maturity: Death benefit, equal to “Sum Assured on Death” along with vested Simple Reversionary Bonuses and Final Additional bonus, if any, shall be payable;where, “Sum Assured on Death” is defined as higher of 125% of Basic Sum Assured or 7 times of annualised premium. This death benefit shall not be less than 105% of total premiums paidupto date of death. Where, i. “Annualized Premium” shall be the premium payable in a year, excluding the taxes, rider pre- miums, underwriting extra premiums and load- ings for modal premiums ii. “Total Premiums Paid” means total of all the premiums paid under the base product, exclud- ing any extra premium, and taxes, if collected explicitly. • On death after expiry of the policy term i.e. from the stipulated Date of Maturity: Basic Sum Assured shall be payable. B. Benefits payable at the end of Policy Term (i.e. On Maturity): On Life Assured surviving to the stipulated Date of Maturity, provided the policy is in-force i.e. all due premiums have been paid, “Sum Assured on Matu- rity” along with vested Simple Reversionary Bonus- es and Final Additional Bonus, if any, shall be pay- able; where “Sum Assured on Maturity” is equal to Basic Sum Assured. C. Participation in Profits: The policy shall

Death benefit

Two options for “Sum Assured on Death” are available under the product. The Proposer (i.e Primary Life Assured) has to choose one of the below mentioned options at the proposal stage itself subject to the eligibility conditions as mentioned in Para 2 above. Option Sum Assured on Death Option I Higher of 7 times of Tabular Annual Premium or Basic Sum Assured Option II Higher of 10.5 times of Tabular Annual Premium or Basic Sum Assured Note: 'Tabular Annual Premium' shall be the premium for the Basic Sum Assured and chosen “Sum Assured on Death” Option, based on ages of both lives assured before allowing for any rebate or loadings or any underwriting extra and does not include any taxes and Rider Premium, if any. The options should be chosen carefully depending on your specific needs, as the premium & benefits under the plan shall vary as per the option chosen and the same shall not be altered later. The Death Benefit payable under an in-force policy is as detailed below: 4 i. On first death during the policy term: On first death during the Policy Term, provided all due premiums have been paid, after the date of commencement of risk but before the stipulated date of Maturity, “Sum Assured on Death” shall be payable to the surviving Life Assured. Such policy shall continue for the surviving Life Assured. All further premiums from policy anniversary following the date of first deat

Death benefit

Two options for “Sum Assured on Death” are available under the product. The Primary Life Assured has to choose one of the below mentioned options at the proposal stage itself subject to the eligibility conditions 3 as mentioned in Para 2 above. Options Sum Assured on Death Option I Higher of • 1.25 times of Tabular Single Premium: or • Basic Sum Assured Option II 10 times of Tabular Single Premium Note: 'Tabular Single Premium' shall be the premium for the chosen “Sum Assured on Death” Option and Basic Sum Assured based on the ages of the Primary Life Assured and Secondary Life Assured before allowing for any rebate or loadings or any underwriting extra and does not include any taxes and Rider Premium(s), if any. The options should be chosen carefully depending on your specific needs, as the premium & benefits under the plan shall vary as per the option chosen and the same shall not be altered later. The Death Benefit payable under the plan is as detailed below: i. On first death during the Policy Term: Death Benefit payable on first death during the Policy Term after the date of commencement of risk but before the date of Maturity shall be equal to “Sum Assured on Death” and the policy shall continue on the life of surviving Life Assured. ii. On second death during the Policy Term: Death Benefit payable on second death during the Policy Term after the date of commencement of r

Death benefit

Death benefit payable in case of death of the Life Assured during the policy term provided the policy is in-force shall be (i.e. all due premiums have been paid), “Sum Assured on Death” along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any. Where “Sum Assured on Death” is defined as higher of 125% of the Basic Sum Assured or 7 times of annualized premium. This death benefit shall not be less than 105% of the total premiums paid upto the date of death. Where i. “Annualized Premium” shall be the premium payable in a year, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums ii. “Total Premiums Paid” means total of all the premiums paid under the base product, excluding any extra premium, and taxes, if collected explicitly. B) Survival Benefits: On Life Assured surviving to the end of the specified durations provided all due premiums have been paid, 15% of the Basic Sum Assured shall be payable at the end of each of 5th, 10th, 15th & 20th policy year. C. Maturity Benefit: On Life Assured surviving to the end of the policy term, provided the policy is in-force, “Sum Assured on Maturity” along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable. Where “Sum Assured on Maturity” is equal to 40% of the Basic Sum Assured. D. Participation in Profits: The policy shall participa

Death benefit

Death benefit payable in case of death of the Life Assured during the policy term provided the policy is in-force shall be (i.e. all due premiums have been paid), “Sum Assured on Death” along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any. Where “Sum Assured on Death” is defined as higher of 125% of the Basic Sum Assured or 7 times of annualized premium. This death benefit shall not be less than 105% of the total premiums paid upto the date of death. Where i. “Annualized Premium” shall be the premium payable in a year, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums ii. “Total Premiums Paid” means total of all the premiums paid under the base product, excluding any extra premium, and taxes, if collected explicitly. B) Survival Benefits: On Life Assured surviving to the end of the specified durations provided all due premiums have been paid, 15% of the Basic Sum Assured shall be payable at the end of each of 5th, 10th, 15th & 20th policy year. C. Maturity Benefit: On Life Assured surviving to the end of the policy term, provided the policy is in-force, “Sum Assured on Maturity” along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable. Where “Sum Assured on Maturity” is equal to 40% of the Basic Sum Assured. D. Participation in Profits: The policy shall participa

Death benefit

Death benefit payable on death of the life assured during the policy term after the date of commencement of risk but before the date of maturity provided the policy is inforce and claim is admissible shall be “Sum Assured on Death”. For Regular premium and Limited premium payment policy, “Sum Assured on Death” is defined as the highest of: • 7 times of Annualised Premium; or • 105% of “Total Premiums Paid” upto the date of death; or • Absolute amount assured to be paid on death. For Single premium policy, “Sum Assured on Death” is defined as the higher of: • 125% of Single Premium; or • Absolute amount assured to be paid on death. Where, i. “Annualized Premium” shall be the premium payable in a year, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums ii. “Total Premiums Paid” means total of all the premiums paid under the base product, excluding any extra premium, and taxes. iii. “Single Premium” shall be the premium amount payable, excluding the taxes, rider premiums, underwriting extra premiums. iv. 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: o 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. o Option II: Increasi

Death benefit

On death of the Life Assured before the stipulated date of expiry of the Rider, provided Rider along with the Base Policy is in-force, an amount equal to “Term Rider Sum Assured on Death” shall be payable. Under Regular and Limited premium payment policy, “Term Rider Sum Assured on Death” is defined as the highest of: • Term Assurance Rider Sum Assured; or • 7 times the Annualized Rider Premium; or • 105% of “Total Rider Premiums Paid” upto the date of death. Under Single premium payment policy, “Term Rider Sum Assured on Death” is defined as the higher of: • Term Assurance Rider Sum Assured; or • 1.25 times of Single Rider Premium. Where, i. Annualized Rider Premium shall be the premium amount payable in a year under this Term Assurance Rider excluding the taxes, underwriting extra premiums and loadings for modal premiums. ii. Total Rider Premiums Paid means total of all the premiums paid under this Term Assurance Rider, excluding any extra premium, and taxes, if collected explicitly. iii. Single Rider Premium shall be the premium amount payable under this Term Assurance Rider, excluding the taxes, underwriting extra premiums. b) Maturity Benefit: On survival to the end of the term of the Rider, nothing shall be payable. 2

Death benefit

i) During the Waiting Period of 45 days from the date of commencement of Risk: This Policy will cover death due to accident only during the waiting period of 45 days from the date of commencement of risk. In case of death of the Life Assured other than due to accident during the waiting period, an amount equal to 100% of all premiums received excluding taxes, if any, shall be paid and the Basic Sum Assured shall not be paid. In case of death of the Life Assured due to accident 2 during the Waiting Period and provided the Policy is in force, the Death Benefit amount payable as a lump sum is: (1) For regular premium or limited premium payment policy, equal to Sum Assured on Death which is the highest of: (a) 10 times the Annualized Premium, or (b) 105% of all premiums paid as on the date of death, or (c) Absolute amount assured to be paid on death. (2) For single premium policy, equal to Sum Assured on Death which is the higher of: (a) 125% of Single premium or (b) Absolute amount assured to be paid on death. ii) After the expiry of Waiting Period of 45 days from the date of commencement of Risk: On death of the Life Assured after the expiry of Waiting Period but before the stipulated Date of Maturity and provided the Policy is in force, the Death Benefit amount payable as a lump sum is: (1) For Regular premium or Limited premium payment policy, “Sum Assured on Death” which is th

Death benefit

Death benefit payable on death of the life assured during the policy term after the date of commencement of risk but before the date of maturity, shall be “Sum Assured on Death” along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any. Where, “Sum Assured on Death” is defined as: • For age at entry of Life Assured less than 50 years: Higher of Basic Sum Assured or 1.25 times of Single premium. • For age at entry of Life Assured 50 years and above: Higher of Basic Sum Assured or 1.10 times of Single premium Single Premium referred above excludes taxes, extra premium and rider premium(s), if any. However, in case of minor Life Assured, whose age at entry is below 8 years, on death before the commencement of Risk (as specified in Para 1 above), the Death Benefit payable shall be refund of Single premium paid (excluding taxes, extra premium and rider premiums if any), without interest. B. Maturity Benefit: On Life Assured surviving the policy term, “Sum Assured on Maturity” along with vested Simple Reversionary Bonuses and Final Additional Bonus if any, shall be payable. 3 Where “Sum Assured on Maturity” is equal to Basic Sum Assured. C. Participation in Profits: The policy shall participate in profits of the Corporation and shall be entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporation. Simple Reversionary Bonuses

Death benefit

Death benefit, payable on death of the Life Assured during the policy term after the date of commencement of risk but before the stipulated Date of Maturity, provided the policy is in-force and claim is admissible shall be “Sum Assured on Death”. For Limited premium payment policy, “Sum Assured on Death” is defined as the higher of: • 105% of “Total Premiums Paid” up to the date of death; or • Absolute amount assured to be paid on death. Where, “Total Premiums Paid” means the total of all premiums paid under the base product, excluding any extra premium and taxes, if collected explicitly. 3 For Single premium policy, “Sum Assured on Death” is defined as : • Absolute amount assured to be paid on death Where Single Premium shall be the premium amount payable excluding taxes and underwriting extra premiums. Absolute amount assured to be paid on death shall be as specified in the Risk Cover Schedule. The Risk Cover Schedule shall show the Sum Assured on Death for each Policy Year and shall be based on the chosen interest rate p.a. effective on an equated yearly repayment basis, irrespective of the actual loan repayment. At the inception, the Sum Assured on Death shall be equal to the Basic Sum Assured and subsequently at each Policy Year, Sum Assured on Death shall be as mentioned in the Risk Cover Schedule. Death Benefit as specified in the Risk Cover Schedule may be higher or low

Death benefit

Death benefit payable on death of the Life Assured during the policy term after the date of commencement of risk but before the date of maturity, provided the policy is inforce and claim is admissible shall be “Sum 3 Assured on Death”. Under Regular premium and Limited premium payment, “Sum Assured on Death” is defined as the highest of: • 7 times of Annualised Premium; or • 105% of “Total Premiums Paid” upto the date of death; or • Absolute amount assured to be paid on death. Under Single premium payment, “Sum Assured on Death” is defined as the higher of: • 125% of Single Premium; or • Absolute amount assured to be paid on death. Where, i. “Annualized Premium” shall be the premium amount payable in a year, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, ii. “Total Premiums Paid” means total of all the premiums paid under the base product, excluding any extra premium, and taxes. iii. “Single Premium” shall be the premium amount payable, excluding the taxes, rider premiums, underwriting extra premiums. 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: Inc