SuryaJyoti Simit Awadhi Bhuktani Jeevan Beema (Sawadhik)

Under this plan, the premium can be paid only for limited period of time.

At the time of maturity of policy or in case of unfortunate death of life assured, lump sum payment of insured sum assured with bonus will be paid to the beneficiary. However, in case the assured is a minor, 25% of sum assured is payable to the proposer/beneficiary on death of life assured and remaining 75% of sum assured plus bonus is payable on maturity.

Under Option 2 of this plan, in case of unfortunate death of life assured, lump sum payment of insured sum assured with bonus will be paid to the beneficiary plus at the maturity period basic sum assured will be paid to beneficiary as additional benefit. However, in case the assured is a minor, 25% of sum assured is payable to the proposer/beneficiary on death of life assured and remaining 75% of sum assured plus bonus is payable on maturity. In addition, at the time of Maturity of Policy additional benefit equal to sum assured will be paid to the beneficiary of the insured.

Plan Features: Criteria

Basic Benefits:

1. Option 1 Benefits:
   • If insured is alive till the Maturity of Policy, Basic Sum Assured plus Bonus will be paid to the insured.
   • If insured die during the policy term, Basic Sum Assured plus Bonus will be paid to the beneficiary of the insured. However, in case the assured is a minor, 25% of sum assured is payable to the proposer/beneficiary on death of life assured and remaining 75% of sum assured plus bonus is payable on maturity.
2. Option 2 Benefits:
   • If insured is alive till the Maturity of Policy, Basic Sum Assured plus Bonus will be paid to the insured.
   • If insured die during the policy term, Basic Sum Assured plus Bonus will be paid to the beneficiary of the insured. In addition, at the time of Maturity of Policy additional benefit equal to sum assured will be paid to the beneficiary of the insured. However, in case the assured is a minor, 25% of sum assured is payable to the proposer/beneficiary on death of life assured and remaining 75% of sum assured plus bonus is payable on maturity.

Insurance Premium

Insurance Premium is to be determined based on age of insured, policy term and requested coverage amount.

Optional Benefits (Rider Benefits)

With payment of additional premium, follow additional benefits can be taken:

• Accidental Death Benefit (ADB) Only:
  In case of death due to accident, additional benefit equal to basic sum assured or maximum Rs. 1,00,00,000 whichever is less is payable to the beneficiary of assured.
• Accidental Death Benefit, Accidental Total Permanent Disability, Premium Waiver Benefit – ADB, TPD & PWB:
  Total coverage amount under this benefits will be equal to basic sum assured or Maximum Rs. 1,00,00,000, whichever is less. In case of death due to accident, an additional benefit equal to basic sum assured is payable to the beneficiary. Due to the accident if insured become total and permanently disabled, an additional benefit equal to basic sum assured is payable in 120 installments monthly and all future payable premium will be waived.
• Critical Illness Benefit:
  In case life assured is diagnosed with mentioned 18/35 defined critical illness, lump sum amount equal to basic sum assured or maximum up to Rs. 50,00,000 will be paid to the insured.

Criteria: Min Entry age: 18, Max Entry age: 55, Max policy maturity age: 60, Maximum coverage: Rs. 50,00,000.

Click here for more Details & Covered Critical Illness

Policy Issue Date:   2018-01-28