|Age criteria:||Entry Age: 18 years to 65 years |
Maturity Age: 23 years to 75 years
|Policy Term:||Minimum - 5 years |
Maximum - Up to 40 years or "75 years - Age at Entry"
|Basic Sum Assured amount:||Minimum - Rs 25, 00,000 |
Maximum - Subject to Underwriting
|Premium:||Minimum - This will be determined as per the plan option, pay-out option, age, gender, smoking status, policy term, premium payment mode, premium payment frequency and Basic Sum Assured that has been chosen and opted for the policy.
Maximum - There is no limit but it will be subjected to underwriting consideration.
Kindly Note: The preferred rates will only be applicable for females and non-smokers.
|Premium Payment Term:||Regular Pay: This will be equal to the policy term.
Limited Pay: This is divided into 4 parts i.e. 5 / 7 / 10/ 15 p.a
Single Pay: This will be a single payment.
|Premium Payment Option:||There are 3 payment options namely:|
Regular, Limited & Single Pay.
|Premium Payment Mode:||There are 4 premium payment modes namely:|
Yearly, Half- Yearly, Quarterly and Monthly.
|Modal Factor (% of annual premium):||The following modal loading will be used to calculate the installment Premium:|
Yearly - 100% | Half yearly - 51% | Quarterly - 26% | Monthly - 8.8%.