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UIN: 111L125V02
Product Code: 2J
Unit linked, non-participating, insurance plan
Name(Assured):
DOB(Assured):
Gender:
Male Female Third GenderStaff:
Yes NoSum Assured
Premium frequency
Premium amount
Premium Payment Term
Policy Term
Maturity Benefit
At assumed rate of returns** @ 4%Advantages
In cases where Life Assured is a minor, the policy will automatically vest in the Life Assured on attaining 18 years of age.
Death Benefit (Applicable only for in-force policies):
On death of the minor lives on or after the date of commencement of risk, the company will pay the Death benefit as mentioned below for age at entry 8 years and above.
Higher of
^APW equals an amount equal to partial withdrawals if any in the last 2 years immediately preceding the death of the Life assured.
On Death of Policyholder while the life assured is a minor:
On death of the Policyholder while the life assured is a minor, no immediate benefit will be payable. The policy may be continued by the appointment of a new Policyholder for the policy. If the policy is surrendered, the surrender value would be payable as per Surrender clause.
Settlement Option: Nominee or beneficiary or legal heir has the option to receive the Death Benefit, in instalments over 2 to 5 years under ‘Settlement’ Option as yearly, half yearly, quarterly or monthly payouts as required, from the date of death.
Note: During the settlement period, the investment risk in the investment portfolio is borne by the beneficiary.
NW/2J/ver1/02/22/WEB/ENG