Pay-out Year |
% of Sum Assured (SA)/GA |
Need taken care |
Amount (in Rs.) |
Lump sum paid at maturity |
100% of SA + GA (25% of SA) |
Marriage expenses |
6,25,000 |
TOTAL |
125% Sum Assured |
6,25,000 |
Pay-out Year |
% of Sum Assured (SA)/GA |
Need taken care |
Amount (in Rs.) |
5th year before maturity |
30% |
To join a professional course |
1,50,000 |
4th year before maturity |
15% |
Course fees or hostel expense for next years |
75,000 |
3rd year before maturity |
15% |
75,000 |
|
2nd year before maturity |
15% |
75,000 |
|
1st year before maturity |
15% |
75,000 |
|
At Maturity |
15% + GA (25%) |
Further education or add on courses |
2,00,000 |
TOTAL |
130% of SA |
6,50,000 |
Pay-out Year |
% of Sum Assured (SA)/GA |
Need taken care |
Amount (in Rs.) |
5th year before maturity |
15% |
Higher secondary or junior college |
75,000 |
4th year before maturity |
15% |
75,000 |
|
3rd year before maturity |
15% |
Graduation |
75,000 |
2nd year before maturity |
15% |
75,000 |
|
1st year before maturity |
15% |
75,000 |
|
At Maturity |
40% + GA (25%) |
Post-graduation studies, education abroad, marriage |
3,25,000 |
TOTAL |
140% of SA |
7,00,000 |
Particulars |
Death Benefit options |
Maturity Benefit options |
Minimum |
Maximum |
Entry Age (in years) |
Classic |
Option 1 - Aspiration |
30 days |
60 |
Option 2 – Academia |
8 |
|||
Option 2 – Career |
||||
Classic Waiver |
All options |
18 |
55 |
|
Maturity Age (in years) |
Classic |
Option 1 - Aspiration |
18 |
|
Option 2 – Academia |
23 |
75 |
||
Option 2 – Career |
||||
Classic Waiver |
All options |
33 |
75 |
|
Policy Term (in years) |
15 |
25 |
||
Premium Paying Term (in years) |
7 , 10 |