Based on your choices you will receive a host of benefits as below:
Maturity Benefit: You will receive the Fund Value at maturity. In addition, you will receive an amount equal to the number of units in Platinum Advantage Fund times the excess, if any, of Guaranteed Unit Price over the then prevailing unit price of this Investment Fund, if you have opted for Guaranteed Option .
Death Benefit: In the unfortunate event of the death of the life insured prior to maturity, we will pay to the nominee the greater of (a) the Fund Value as on date of intimation of death or (b) the Basic Sum Assured reduced for partial withdrawals as follows
Before the life insured attains the age of 60, the Basic Sum Assured payable on death is reduced by partial withdrawals made in the preceding two years
Once the life insured attains the age of 60, the Basic Sum Assured payable on death is reduced by all partial withdrawals made from age 58 onwards
In addition we will also pay the Enhanced Sum Assured, if any.
Death benefit shall never be less than 105% of total premiums paid to date (excluding any applicable rider premium and/or underwriting extras) less any previous partial withdrawals.
Surrender Benefit: In case of emergency fund requirements, you can surrender your policy after the completion of five policy years, and receive the Fund Value at that time.
Top-Up Premium: If you wish to increase your investment in the policy, you have the freedom to invest additional amounts to your premium as Top-up premiums, anytime during the policy term, as long as all due policy premiums have been paid. In case of Guaranteed Option, you are allowed to Top-up your investment after first 3 policy years.
Partial withdrawals: You can make unlimited partial withdrawals to meet any financial emergencies.
Policy Loans: You can meet your financial needs by availing of a loan on your policy