Plan Features
SMART PENSION
Product Summary
Premium Payment Mode
Single premium only.
Annuity Mode
-
Optional Benefits
-
Term
10 years
Premium Paying Term
1 years
Minimum Age at Entry
30 Year completed
Maximum Age at Entry
No Limit
Annuity Options
Deferred annuity two options (1. Single Life 2. Joint Life)
Minimum Purchase Price
Rs. 1,50,000
Deferment Period
-
Deferment Period
-
Joint Annuity
-
Maximum Cover Ceasing Age
-
Maturity Age
-
Sum Assured
-
Maturity Benefit
-
Death Benefit
-
Minimum Basic Sum Assured
-
Minimum age at the end of Premium Paying Term
-
Maximum Maturity Age
Minimum Premium
-
Maximum Premium
-
Minimum Basic Sum Assured
-
Sum Assured on Death
-
Minimum Sum Assured
Yearly -1,56,658; Hly -1,59,574, Qly - 1,61,074, Mly -1,62,162
Maximum Sum Assured
Yearly -14,49,086 Hly -14,76,064, Qly - 14,89,933, Mly -15,00,000
Guaranteed Additions
-
Survival Benefits
-
Riders Available
Nil
Accidental Death and Disability benefit (ADDB)
Nil
Policy Benefits
On Death
Higher of (Purchase Price +Additional death benefit) or (105% of the purchase price)
On Survival
Full purchase price paid on survival of 10 Years
On detection of Early Stage Cancer
-
On detection of Major Stage Cancer
-
Settlement Option
-
Multiple Allowed
-
Surrender Value
Surrender allowed in special circumstances such as Critical/Terminal Illness to self or spouse. The surrender value payable is 98% of pruchase price.
Loan
Loan available after completion of three full years and the amount payable is 75% of purchase price.
Income Tax Benefit
Income Tax benefits not available.
Proposal Form
Form No 470
| Product Summary | |
|---|---|
| Premium Payment Mode | Single premium only. |
| Annuity Mode | - |
| Optional Benefits | - |
| Term | 10 years |
| Premium Paying Term | 1 years |
| Minimum Age at Entry | 30 Year completed |
| Maximum Age at Entry | No Limit |
| Annuity Options | Deferred annuity two options (1. Single Life 2. Joint Life) |
| Minimum Purchase Price | Rs. 1,50,000 |
| Deferment Period | - |
| Deferment Period | - |
| Joint Annuity | - |
| Maximum Cover Ceasing Age | - |
| Maturity Age | - |
| Sum Assured | - |
| Maturity Benefit | - |
| Death Benefit | - | Minimum Basic Sum Assured | - |
| Minimum age at the end of Premium Paying Term | - |
| Maximum Maturity Age | |
| Minimum Premium | - |
| Maximum Premium | - |
| Minimum Basic Sum Assured | - |
| Sum Assured on Death | - |
| Minimum Sum Assured | Yearly -1,56,658; Hly -1,59,574, Qly - 1,61,074, Mly -1,62,162 |
| Maximum Sum Assured | Yearly -14,49,086 Hly -14,76,064, Qly - 14,89,933, Mly -15,00,000 |
| Guaranteed Additions | - |
| Survival Benefits | - |
| Riders Available | Nil |
| Accidental Death and Disability benefit (ADDB) | Nil |
| On Death | Higher of (Purchase Price +Additional death benefit) or (105% of the purchase price) |
|---|---|
| On Survival | Full purchase price paid on survival of 10 Years |
| On detection of Early Stage Cancer | - |
| On detection of Major Stage Cancer | - |
| Settlement Option | - |
| Multiple Allowed | - |
| Surrender Value | Surrender allowed in special circumstances such as Critical/Terminal Illness to self or spouse. The surrender value payable is 98% of pruchase price. |
| Loan | Loan available after completion of three full years and the amount payable is 75% of purchase price. |
| Income Tax Benefit | Income Tax benefits not available. |
| Proposal Form | Form No 470 |
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