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March 6, 2010, 9:36 am
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investment from market fluctuations, so that your investments are
protected in financially volatile times. This plan offers payment of
Fund Value at the end of policy term, based on highest Net Asset Value
(NAV) over the first 7 years of the policy, or the NAV as applicable
at the end of the policy term, whichever is higher. NAV of the fund
will be subject to a minimum of Rs. 10/-. The policy term is 8 years
with an extended life cover for 2 years after the completion of policy
term. This plan will be available for sale for a limited period.
You can pay the premium either in a single lump sum or for 3 years.
You can choose the level of cover within the limits, which will depend
on your age whether the policy is a Single premium or Limited premium
contract and on the level of premium you agree to pay.
Premiums paid after allocation charge will purchase units of the Fund.
The Unit Fund is subject to various charges and value of units may
increase or decrease, depending on the Net Asset Value (NAV).
1. Payment of Premiums: You may pay premiums regularly at yearly,
half-yearly, quarterly or monthly (through ECS mode only) intervals
over the 3 years premium paying term. Alternatively, a Single premium
can be paid.
2. Guaranteed NAV: In this product there is a guarantee of the
highest NAV recorded on a daily basis, in the first 7 years of the
policy, subject to a minimum of Rs. 10. This means the payment at the
end of the policy term will be based on highest Net Asset Value (NAV)
recorded over the first 7 years of the policy, or the NAV as
applicable on the end of the policy term, whichever is higher. The
guarantee will be applicable only for payment made at the end of the
policy term irrespective of any partial withdrawals made during the
policy term. The period of 7 years starts from the date of
commencement of policy.