Other Plans
Smart One Pay (ULIP)
Synopsis:
fjrigjwwe9r3SDPrivInsuProd:Synopsis
Smart One Pay helps you meet your protection and investment needs and aims to generate wealth by investing in the funds of your choice along with provision of life cover.
Highlights:
fjrigjwwe9r3SDPrivInsuProd:Highlights
- Single Premium Payment Option: This plan gives you the ability to pay only once, that is, a single premium at the beginning of your policy and provides you life cover throughout the policy term as chosen by you.
- Unlimited Free Switching: You can switch some or all of your investments from one fund to another, any number of times at zero charges.
- Partial Withdrawal: You can withdraw money from your fund in case of financial emergency through Partial Withdrawal from 6th policy year onwards.
- Increase/Decrease of Sum Assured: You can increase or decrease your sum assured, depending on your changing needs, from the 6th policy year onwards.
- Auto Funds Rebalancing: This option helps you maintain your investments in your preferred proportion across funds irrespective of market movements.
- Safety Switch Option: This option enables you to potentially lock in your gains by moving your funds systematically to a relatively low risk Liquid Fund in the last 4 years.
- Death Benefits
- In the unfortunate event of your death while your policy is in-force, your nominee will receive higher of: Sum Assured less applicable partial withdrawals Fund value 105% of single premium paid by you
- Maturity Benefits
- Your policy will mature at the end of the policy term as chosen by you at inception. You will receive the fund value based on the prevailing NAVs at maturity.
Eligibility:
fjrigjwwe9r3SDPrivInsuProd:Eligibility
Eligibility Criteria |
Minimum |
Maximum |
Entry age (Life Assured) |
7 years |
70 years |
Policy Term |
5 years |
25 years |
Premium Payment Term |
Single premium only |
|
Annual Premium |
100,000 |
No Limit, subject to underwriting |
Sum Assured |
1.25 x Single Premium |
10 x Single Premium (depending upon your age and Policy Term) |