The Plan

Gives you the freedom to choose the amount of premium, and invest in market linked funds, to generate potentially higher returns.

A part of the premium paid is used to pay for the death benefit (if any) opted by you and the rest is invested in a plan of your choice.

On the retirement date, the accumulated value of the units will be used to purchase an annuity.

The Benefits

Death Benefit In the unfortunate event of death, the

spouse has the option of Receiving the death benefit as lumpsum Receiving part of the death benefit as lumpsum

and the remaining as annuity Receiving the entire amount in the form of an

annuity

Maturity Benefit On maturity the accumulated value of units will

be used to purchase an annuity.

Flexibility

Power to choose the protection level Opt for a zero sum assured and hence make it a zero

accumulation account Opt for a sum assured which will be equal to the product

of the annual contribution and term No change in the sum assured will be allowed, once

chosen, at the time of inception of the policy.

Power to increase or decrease your contribution Contribution can be increased without any limits The maximum decrease in contributions can be up to 20%

of the initial contribution chosen at the time of inception. However, the contribution cannot be reduced to below the

minimum premium allowed under the plan at that time, or 80% of the initial chosen contribution, whichever is higher.

Flexibility

Power to choose the retirement date Choose a vesting date between 45 – 75 years of age.

Power to increase your investments Use your surplus funds to top-up your investments,

with a minimum top-up of Rs. 5,000. Power to invest in a plan based on your priorities

Choose between the Maximiser (Growth), Protector (Income), Balancer (Balanced) and Preserver (Short term money market) plans.

Plus you have the power to switch between the plans, to suit your investment priorities. 4 free switches a year.

Flexibility

Power to receive pension in 5 different ways Life annuity Life annuity with return of purchase price Life annuity guaranteed for 5, 10 or 15 years Joint Life, Last Survivor with return of purchase price Joint Life, Last Survivor without return of purchase

price Power to choose your annuity provider

Flexibility to buy the pension from any other service provider

Power to commute At the time of vesting upto 1/3rd of the accumulated

value can be taken as lumpsum

Riders

Accident and Disability Rider Waiver of Premium Rider

Other benefits

Surrender Value

Number of Years of Contribution Paid

Surrender Value

Before one year’s contribution paid

Nil

After one year’s contribution is paid

25% of the value of investments

After two year’s contribution is paid

40% of the value of investments

After three year’s contribution is paid

60% of the value of investments

After four year’s contribution is paid

100% of the value of investments

Eligibility

Age: 18 – 60 years (65 years for a Zero Death benefit option)

Minimum Premium : Rs. 10,000 p.a. Minimum Term: 10 years

Charge structure

Premium Allocation

Contribution

Range

1st Yr. Allocatio

n

2ndYr. Allocatio

n

3rd –10th Year

Allocation

11th Yr. Onwards Allocatio

n10,000-49,999

78% 85% 99% 100%

50,000 and above

83% 88% 99% 100%

Charge structure

Fund Management chargesThese are levied as a % of the asset under

management. They are adjusted in the NAV

Maximizer Protector Balancer Preserver

1.50% 0.75% 1.00% 0.75%

Other charges

Mortality charges towards the sum assured are on a one year renewable basis

Fixed administrative charge of Rs. 20 per month, deducted by cancellation of units monthly.

Top allocation is 99% 4 free switches in a policy year. Any additional

switch will be charged Rs. 100 extra.

Underwriting Guidelines

Initial Requirements Proposal form

ACRStandard Age proof (Non-std age proof not acceptable)Deposit receipt

Medical requirements

As applicable under special medical examination chart if the proposal is not covered J ET scheme.

Rating factor for S.A. 1Rating factor for Critical Illness 1J ET (Non-medical) SchemeWith death benefit Allowed under J ET (non-medical) scheme.

Zero Death Benefit Underwriting on non-medical basis only.

Key man Allowed NA