EASY STEPS TO KEEP YOURSELF COVERED

Choose a protection option that works for you

Option 1 Life Cover

Provides lump sum benefit on death or terminal illness, whichever happens earlier. In case of Accidental Total and Permanent Disability (ATPD), all future premiums under the policy are waived off.

Option 2 Extra Life Cover

In addition to the benefits under Option 1: Life Cover, this option also provides an additional lump sum benefit in case of death due to accident.

 

Option 3 Life plus Health Cover

In addition to the benefits under Option 1: Life Cover, this option also provides Critical Illness Benefit, if the Life Assured is diagnosed with or undergoes any one procedure out of the listed 34 Critical Illnesses.

Option 4 All-In-One Cover

In addition to the benefits under Option 1: Life Cover, this option provides

• An additional lump sum benefit in case of death due to accident
• Critical Illness Benefit, if the Life Assured is diagnosed with /undergoes any one procedure out of the listed 34 Critical Illnesses.

Choose the amount of insurance cover (Sum Assured) you desire under this policy

Choose the duration of cover (Policy Term) and the Premium Payment Term as per your convenience

Get your premium calculated, fill the application form and get a customised quote. Our advisor will help you with the calculations

Start paying your premiums regularly and stay financially protected

Exclusions

Exclusion under Death Benefit

Suicide Exclusion

If the Life Assured’s death arises directly or indirectly through or in consequence of suicide within 12 months:

• from the date of inception of the policy, the nominee or the beneficiary shall be entitled to 80% of the premiums paid, provided the policy is in force,
  or
• From the date of the revival of the policy, the nominee or the beneficiary shall be entitled to an amount which is higher of 80% of the premiums paid till the date of death or the surrender value, if any, as available on the date of death.

Exclusion under Accidental Total and permanent Disability (ATPD)

ATPD due to accident should not be caused by the following:

• Attempted suicide or self-inflicted injuries while sane or insane, or whilst the Life Assured is under the influence of any narcotic substance or drug or intoxicating liquor except under the direction of a medical practitioner; or
• Engaging in aerial flights (including parachuting and skydiving) other than as a fare paying passenger and crew on a licensed passenger-carrying commercial aircraft operating on a regular scheduled route; or
• The Life Assured with criminal intent, committing any breach of law; or
• Due to war, whether declared or not or civil commotion; or
• Engaging in hazardous sports or pastimes, e.g. taking part in (or practicing for) boxing, caving, climbing, horse racing, jet skiing, martial arts, mountaineering, off piste skiing, pot holing, power boat racing, underwater diving, yacht racing or any race, trial or timed motor sport.

Exclusion under Accidental Death Benefit

No benefit will be payable with respect to any condition arising directly or indirectly from, through or in consequence of the following exclusions:

• Arising out of self-inflicted injury, suicide, war/invasion, injury during criminal activity with criminal intent or death whilst under the influence of drug unless prescribed by the doctor, alcohol, or narcotic substances;
• Arising out of riots, civil commotion, rebellion, war (whether war be declared or not), invasion, hunting, mountaineering, steeple chasing or racing of any kind, bungee jumping, river rafting, scuba diving, paragliding or any such adventurous sports or hobbies; racing of any kind, bungee jumping, river rafting, scuba diving, paragliding or any such adventurous sports or hobbies;
• As a result of the Life Assured committing any breach of law with criminal intent;
• As a result of accident while the Life Assured is engaged in aviation or aeronautics in any capacity other than that of a fare-paying, part-paying or non-paying passenger, in any aircraft which is authorized by the relevant regulations to carry such passengers and flying between established aerodromes.
• Nuclear reaction, radiation or nuclear or chemical contamination;

Exclusion under Critical Illness Benefit

No critical illness benefit will be payable with respect to any listed critical illness condition arising directly or indirectly from, though, in consequence of or aggravated by any of the following:

• Pre-Existing Disease: Pre-Existing means any condition, ailment or injury or related condition(s) for which the Life Assured had signs or symptoms, and/or were diagnosed, and/or for which medical advice/treatment was received within 48 months prior to the first policy issued by the Company and renewed continuously thereafter. Any investigation or treatment for any Illness, disorder, complication or ailment arising out of or connected with the pre-existing Illness shall be considered part of that preexisting illness.

  No Critical Illness benefits shall be payable for any condition(s) which is a direct or indirect result of any pre-existing conditions unless Life Insured has disclosed the same at the time of proposal or date of reinstatement whichever is later and the Company has accepted the same.

• Unreasonable failure to seek or follow medical advice or treatment or the Life Insured has delayed medical treatment in order to circumvent the waiting period or other conditions and restriction applying to this policy.
• Self-inflicted Injuries, suicide, insanity, and immorality, and deliberate participation of the life insured in an illegal or criminal act.
• Use of intoxicating drugs / alcohol / solvent, taking of drugs except under the direction of a qualified medical practitioner.
• Radioactive contamination due to nuclear accident.
• War – whether declared or not, civil commotion, breach of law with criminal intent, invasion, hostilities (whether war is declared or not), rebellion, revolution, military or usurped power or wilful participation in acts of violence.
• Illness or Injury caused by engaging in hazardous sports / pastimes, i.e. taking part in (or practicing for) boxing, caving, climbing, horse racing, jet skiing, martial arts, mountaineering, off pastel, skiing, pot holing, power boat racing, underwater diving, yacht racing or any race, trial or timed motor sport, bungee jumping, hand gliding etc. or Any injury, sickness or disease received as a result of aviation (including parachuting or skydiving), gliding or any form of aerial flight other than as a farepaying passenger on regular routes and on a scheduled timetable unless agreed by special endorsement.
• Existence of any Sexually Transmitted Disease (STD) and its related complications or Acquired Immune Deficiency Syndrome (AIDS) or the presence of any Human Immuno-deficiency Virus (HIV)
• Various other exclusions mentioned under the Critical Illness definitions

Waiting Period for Critical Illness Benefit

• Waiting Period is 90 days from the date of Risk Commencement of the Policy or reinstatement date (whichever is later)
• No Critical Illness Benefit shall be payable under this Policy for the listed critical illness conditions, diagnosed or manifested within 90 days following the date of Risk Commencement of the Policy or reinstatement date (whichever is later) and the Critical Illness Benefit under the Policy will terminate.
• In such a case, Company will refund the premiums from date of Risk Commencement of the Policy or from the date of revival, whichever is later, as applicable which is paid towards Critical Illness. The Critical Illness benefit under the Policy shall terminate.
• The Company shall offer the Policyholder the Policy with no Critical Illness Benefit and Sum Assured reduced by Critical Illness Sum Assured and accordingly the Premiums shall be charged. This shall be subject to Board approved Underwriting Policy. If the Policyholder does not agree to the revised terms and conditions, the Company shall refund the total Premium received on the Policy from the Risk Commencement Date or date of revival, whichever is later. This will be subject to Section 45 of the Insurance Act, 1938, as amended from time to time.
• Waiting period in case of reinstatement shall not be applicable if Policy is revived within 90 days of last premium due date and a continuous waiting period of 90 days has been served.
• Waiting Period is not applicable for Death Benefit, Terminal Illness Benefit, Accidental Death Benefit and Accidental Total and Permanent Disability

TARGET GROUP

For the customers who want to buy a tax saving, term insurance plan which provides high level of protection at affordable rates

DISCLAIMERS

UIN : 133N082V01

Tax benefits are subject to change in law from time to time. You are advised to consult your tax consultant