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Product Information
Other Plans Dream Smart Plan (ULIP)
Synopsis:
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The Dream Smart plan, a unit linked insurance plan (ULIP) helps save for your specific dreams. With this plan you have the flexibility to pay premiums for a limited duration while you get life cover for 20 years. Your money is invested in unit linked funds of your choice to take care of your long term financial goals.

Benefits:

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  • Death Benefits
  • In the unfortunate event of your death while your policy is in-force, your nominee will receive higher of:
    1. Sum Assured less applicable partial withdrawals
    2. Fund value 105% of premiums paid by you Loyalty Additions
    3. 1% of your Fund Value added by way of additional allocation of units at the end of 15th policy year to boost your investments
  • Maturity Benefits
  • On survival till end of Policy Term, the Fund Value will be paid to you.
  • Investment Funds
  • You can choose to invest in 5 investment funds with equity exposure ranging 0% to100%, depending on your investment philosophy:
    1. Equity II Fund
    2. Growth Plus Fund
    3. Balanced Plus Fund
    4. Debt Plus Fund
    5. Liquid Fund
Eligibility:
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Eligibility Criteria Minimum Maximum
Entry age (Life Assured) 7 years 60 years
Maximum Maturity Age 80 years
Policy Term 20 years (fixed)
Premium Payment Term 10 years 20 years
Annual Premium 25,000 No Limit
Sum Assured For ages below 45 years No maximum limit, subject to underwriting 10 X Annual Premium For ages 45 years to 60 years: 7 X Annual premium
Flexible Premium Payment Term You can choose a Premium Paying Term (10 years or more) to suit your earning capacity and your life stage
Choose your Life Cover You have the flexibility to choose your Life Cover based on your protection needs.
Switching/Premium Redirection You can actively manage your investments by switching your money from one fund to another and through redirection of premiums.
Partial Withdrawals You can easily withdraw money from your fund in case of financial emergency through partial withdrawals, after 5 years.
Increase/Decrease of Sum Assured You can choose from a range of life cover as per your protection needs. Also you have the flexibility to increase or reduce your Sum Assured, depending upon your changing needs.