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Product Information
Other Plans Smart Lifelong plan (ULIP)
Synopsis:
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Our Smart Lifelong plan is unit linked life insurance plan with the objective of wealth creation along with providing whole life coverage - uptill 99 years of your age . This plan has been designed to help you fulfill various life stage needs/ responsibilities so that through life you can grow in the right direction by making the right choice. Life is all about the choices you make to fulfill your responsibilities. And with every choice you make your biggest concern is whether you have taken the right decision.

Benefits:

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  • Death Benefits
    1. In the unfortunate event of your death while your policy is in-force, your nominee will receive higher of:
    2. Sum Assured less applicable partial withdrawals Fund value 105% of premiums paid by you Maturity
    3. Benefits
    4. On survival till end of policy term, the Fund Value will be paid to you.
  • Premium Paying Mode
    1. You have the flexibility to choose annual or monthly mode to pay premiums as per your requirement or to suit your income stream. You can also change your premium payment mode anytime during the policy term.
    2. As an individual you want to be the pillar of strength and support for your family, making sure that their future plans remain undisturbed even when you are not around.

Highlights:

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  • The plan offers Long Term Protection: This plan provides life coverage till 99 years of Life Assured's age.
  • Premium Payment Term: You can choose a premium paying term (10 years or more) to suit your earning capacity.
  • Switching and Redirection: You have the option of switching and redirection between the fund options to take advantage of market movements or change in risk preference.
  • 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 subject to minimum and maximum sum assured limits stipulated under this plan.
  • Auto Funds Rebalancing: You can maintain allocation of your investments in a specific proportion across funds, irrespective of market movements.