npavan78
04-12-2008, 06:56 AM
SMART Assure is a unique Unit Linked Insurance Plan that combines insurance and investment to give you an all-round advantage. Choose from a range of funds across asset classes to suit your risk profile. Your hard earned savings are managed professionally as funds are allocated dynamically in the market for maximum returns. Under this plan you can switch between funds and even make partial withdrawals to meet any exigency. The plan also offers additional benefits like personal accident and dread diseases riders. An added feature is the option to take on either or both health insurance plans - Lifeline Wellness PlusTM and Lifeline MediCashTM.
A place for your hard earned savings - Range of professionally managed funds
Freedom from tracking the market - Dynamic fund allocation
Freedom from worries with life cover
Flexibility for unexpected expenses- Partial withdrawals
Your tool to fight inflation- the increasing premium option
Total protection option - personal accident and dread disease riders
A whole of life solution- coverage up to 85 years of age
Eligibility Criteria
Criteria Eligibility
Entry Age 91 Days – 75 Years
Maturity Age Min 18 Years; Max 85 Years
Choice of Term 10 - 30 Years
Minimum Premium Rs. 20,000
Premium Payment Term Regular
Premium Payment Options Level Premium, Increasing Premium (5% per annum)
Maturity Benefit: On maturity, we will pay you the Fund Value. However, if you do not want the proceeds on maturity (i.e. incase you want to stay invested in market for longer to take advantage of bull/bear run), you may choose to defer payment of proceeds to up to 5 year by opting for the Settlement option
Death Benefit: (Higher of)
The Fund Value prevailing on the date which immediately follows the date of intimation of death to Us; or
The Sum Assured
Dread Disease Rider Personal Accident Benefit Rider
Age 20 – 50 Years (depending upon Term)
Benefits Incase Insured is diagnosed with any of the below mentioned diseases, an additional benefit will be paid to the insured.
Tenors Available: Pick-a-Term: Minimum 10 Years
Maximum 40 Years
Expiry Age 60 Years
Minimum Face Amount Rs 1 lac
Maximum Face Amount The lower of base face amount or Rs. 10 Lacs
Benefit Features Gives an additional benefit upon diagnosis of any of the 10 diseases – Heart Attack, Cancer, Stroke, CABG, Multiple Sclerosis, Kidney Failure, Major Organ Transplant, Paralysis, Coma, Heart Valve Replacement/Repair
Calculation of Modal Premiums for Annual, Semi Annual, Quarterly , Monthly Modes For each frequency, multiply by the appropriate factor:
Annual 1.000
Semi Annual 0.500
Quarterly 0.250
Monthly 0.083
Age 20 – 55 Years
Benefits The Personal Accident Benefit is a low cost additional benefit that is paid incase the insured’s death or total and permanent disability is caused by an accident.
Total and Permanent Disability means accidental injuries which, within 180 days from the happening of such accident and independently of all other causes, results in:
irrecoverable loss of entire sight in both eyes; or
amputation or loss of use, of both hands at or above the wrist; or
amputation or loss of use, of both feet at or above the ankles; or
amputation or loss of use, of one hand at or above the wrist and one foot at or above the ankle, such that the life insured becomes incapable of engaging in any gainful activity or carrying out any work, occupation, or profession to earn or obtain any wages, compensation, remuneration or profit.
Expiry Age 60 Years
Minimum Face Amount Rs 1 lac
Maximum Face Amount The lower of base face amount or Rs. 40 Lacs
Benefit Features Includes benefit incase of accidental death or permanent and total disability
Calculation of Modal Premiums for Annual, Semi Annual, Quarterly , Monthly Modes For traditional policies, multiply by the appropriate factor:
Annual 1.000
Semi Annual 0.500
Quarterly 0.250
Monthly 0.083
Age 20 – 45 Years (Whole Life Par)
20 – 55 Years (All other plans)
Benefits The waiver of premium protects the life insured from the burden of paying the premiums on his insurance in case he/she gets totally disabled. “Total Disability” or “Totally Disabled” refers to the life insured becoming permanently and totally disabled as a result of injury or sickness and is thereby totally incapable of engaging in any gainful activity or carry out any work, occupation, or profession to earn or obtain any wages, compensation, remuneration or profit
Expiry Age 55 Years (Whole Life Par)
60 Years (All other plans)
Minimum Face Amount Linked to Base and relevant rider Premiums
Maximum Face Amount Subject to underwriting
Calculation of Modal Premiums, Semi Annual, Quarterly , Monthly Modes For the following frequencies multiply by the factor given below:
Annual 1.000
Semi Annual 0.500
Quarterly 0.250
Monthly 0.083
You have the flexibility to direct your investments in any one or more of the following six unit linked investment funds of the Company: SECURE, CONSERVATIVE, BALANCED, GROWTH, GROWTH SUPER and DYNAMIC OPPORTUNITIES or choose DYNAMIC FUND ALLOCATION OPTION in which assets under management shall be maintained in the Growth Super and Secure Funds during the policy tenure. These funds invest in Fixed Income and equity assets as follows: Select any one or all of the mentioned funds
Fund Secure Fund Conser-
Vative Fund Balanced Fund Growth Fund Growth Super Dynamic Opport-
Unities
Investment Type
Government Securities 50-100% 50-80% 20-50% 0-30% 0-20% 0-100%
Corporate Bonds 0-50% 0-50% 20-40% 0-30% 0-20% 0-100%
Money Market Instruments / Cash 0-20% 0-20% 0-20% 0-20% 0-20% 0-40%
Equities NIL 0-15% 10-40% 20-70% 70-100% 0-100%
Flexibilities
Switching: This plan allows you to switch between funds and allows you to change your risk return profile of your existing investments, safeguarding/increasing your investments for your child. 6 Free switches are available to you in a Policy Year..
Premium Re-Direction: This plan allows you to re-direct your future premiums. You can invest your future premiums in a fund different from your earlier fund, or to multiple funds in a ratio different from your earlier ratio. 3 free re-directions are available to you in a policy year.
Partial Withdrawal:You can make lump-sum partial withdrawals from your funds at any time after the policy has completed three years and within the policy term chosen, provided the minimum amount of partial withdrawal is Rs. 10,000.
Surrenders: You may by giving us a prior written request, surrender this policy, at any time after the completion of first policy anniversary, provided an amount equal to one ATP has been paid by you. However, the surrender value if any shall be paid only after the completion of third policy anniversary.
A place for your hard earned savings - Range of professionally managed funds
Freedom from tracking the market - Dynamic fund allocation
Freedom from worries with life cover
Flexibility for unexpected expenses- Partial withdrawals
Your tool to fight inflation- the increasing premium option
Total protection option - personal accident and dread disease riders
A whole of life solution- coverage up to 85 years of age
Eligibility Criteria
Criteria Eligibility
Entry Age 91 Days – 75 Years
Maturity Age Min 18 Years; Max 85 Years
Choice of Term 10 - 30 Years
Minimum Premium Rs. 20,000
Premium Payment Term Regular
Premium Payment Options Level Premium, Increasing Premium (5% per annum)
Maturity Benefit: On maturity, we will pay you the Fund Value. However, if you do not want the proceeds on maturity (i.e. incase you want to stay invested in market for longer to take advantage of bull/bear run), you may choose to defer payment of proceeds to up to 5 year by opting for the Settlement option
Death Benefit: (Higher of)
The Fund Value prevailing on the date which immediately follows the date of intimation of death to Us; or
The Sum Assured
Dread Disease Rider Personal Accident Benefit Rider
Age 20 – 50 Years (depending upon Term)
Benefits Incase Insured is diagnosed with any of the below mentioned diseases, an additional benefit will be paid to the insured.
Tenors Available: Pick-a-Term: Minimum 10 Years
Maximum 40 Years
Expiry Age 60 Years
Minimum Face Amount Rs 1 lac
Maximum Face Amount The lower of base face amount or Rs. 10 Lacs
Benefit Features Gives an additional benefit upon diagnosis of any of the 10 diseases – Heart Attack, Cancer, Stroke, CABG, Multiple Sclerosis, Kidney Failure, Major Organ Transplant, Paralysis, Coma, Heart Valve Replacement/Repair
Calculation of Modal Premiums for Annual, Semi Annual, Quarterly , Monthly Modes For each frequency, multiply by the appropriate factor:
Annual 1.000
Semi Annual 0.500
Quarterly 0.250
Monthly 0.083
Age 20 – 55 Years
Benefits The Personal Accident Benefit is a low cost additional benefit that is paid incase the insured’s death or total and permanent disability is caused by an accident.
Total and Permanent Disability means accidental injuries which, within 180 days from the happening of such accident and independently of all other causes, results in:
irrecoverable loss of entire sight in both eyes; or
amputation or loss of use, of both hands at or above the wrist; or
amputation or loss of use, of both feet at or above the ankles; or
amputation or loss of use, of one hand at or above the wrist and one foot at or above the ankle, such that the life insured becomes incapable of engaging in any gainful activity or carrying out any work, occupation, or profession to earn or obtain any wages, compensation, remuneration or profit.
Expiry Age 60 Years
Minimum Face Amount Rs 1 lac
Maximum Face Amount The lower of base face amount or Rs. 40 Lacs
Benefit Features Includes benefit incase of accidental death or permanent and total disability
Calculation of Modal Premiums for Annual, Semi Annual, Quarterly , Monthly Modes For traditional policies, multiply by the appropriate factor:
Annual 1.000
Semi Annual 0.500
Quarterly 0.250
Monthly 0.083
Age 20 – 45 Years (Whole Life Par)
20 – 55 Years (All other plans)
Benefits The waiver of premium protects the life insured from the burden of paying the premiums on his insurance in case he/she gets totally disabled. “Total Disability” or “Totally Disabled” refers to the life insured becoming permanently and totally disabled as a result of injury or sickness and is thereby totally incapable of engaging in any gainful activity or carry out any work, occupation, or profession to earn or obtain any wages, compensation, remuneration or profit
Expiry Age 55 Years (Whole Life Par)
60 Years (All other plans)
Minimum Face Amount Linked to Base and relevant rider Premiums
Maximum Face Amount Subject to underwriting
Calculation of Modal Premiums, Semi Annual, Quarterly , Monthly Modes For the following frequencies multiply by the factor given below:
Annual 1.000
Semi Annual 0.500
Quarterly 0.250
Monthly 0.083
You have the flexibility to direct your investments in any one or more of the following six unit linked investment funds of the Company: SECURE, CONSERVATIVE, BALANCED, GROWTH, GROWTH SUPER and DYNAMIC OPPORTUNITIES or choose DYNAMIC FUND ALLOCATION OPTION in which assets under management shall be maintained in the Growth Super and Secure Funds during the policy tenure. These funds invest in Fixed Income and equity assets as follows: Select any one or all of the mentioned funds
Fund Secure Fund Conser-
Vative Fund Balanced Fund Growth Fund Growth Super Dynamic Opport-
Unities
Investment Type
Government Securities 50-100% 50-80% 20-50% 0-30% 0-20% 0-100%
Corporate Bonds 0-50% 0-50% 20-40% 0-30% 0-20% 0-100%
Money Market Instruments / Cash 0-20% 0-20% 0-20% 0-20% 0-20% 0-40%
Equities NIL 0-15% 10-40% 20-70% 70-100% 0-100%
Flexibilities
Switching: This plan allows you to switch between funds and allows you to change your risk return profile of your existing investments, safeguarding/increasing your investments for your child. 6 Free switches are available to you in a Policy Year..
Premium Re-Direction: This plan allows you to re-direct your future premiums. You can invest your future premiums in a fund different from your earlier fund, or to multiple funds in a ratio different from your earlier ratio. 3 free re-directions are available to you in a policy year.
Partial Withdrawal:You can make lump-sum partial withdrawals from your funds at any time after the policy has completed three years and within the policy term chosen, provided the minimum amount of partial withdrawal is Rs. 10,000.
Surrenders: You may by giving us a prior written request, surrender this policy, at any time after the completion of first policy anniversary, provided an amount equal to one ATP has been paid by you. However, the surrender value if any shall be paid only after the completion of third policy anniversary.