Eligibility Criteria

Deferment Period (from the end of the Premium Paying Term till the Income starts)

Option to withdraw the deferred income at any time once in a year

Optional Riders

1. Lic’s New Critical Illness Benefit Rider
2. Lic’s Accidental Death and Disability Benefit Rider or Lic’s Accident Benefit Rider
3. Lic’s New Term Assurance Rider
4. Lic’s Premium Waiver Benefit Rider (For Minor Lives)

Option to select Sum Assured

Option I – Regular Income Benefit equal to 10% of Basic Sum Assured

Option II –Flexi Income Benefit equal to 10% of Basic Sum Assured with an option to defer and accumulate the payouts @5.5% compounded interest. It can withdraw upto 75% of the balance fund once in a year with a written request.

Death Benefit (whichever is higher)

7 times of Annualised Premium or 105% of Total Premium Paid or Basic Sum Assured + Accrued Guaranteed Additions

Death Benefit can be taken in installments

Loan facility is available