On maturity date, you can choose to receive the commuted value of the Income Benefit
as a lumpsum.
The commuted value currently shall be calculated using a discounting rate of 9.00% per
annum. This discounting rate is not guaranteed and is subject to change in future with
prior IRDAI approval. Once the maturity benefit is paid, the policy shall be terminated.
No Income Benefit shall be payable thereaer.
To know the commuted value for your policy you can get in touch with your advisor, or
the nearest Branch Office.