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Pure Protection Plans
Why Term?

Income Replacement
 If you are the bread winner of the family – the death benefit will
provide financial protection to your family.
 If you are a parent – the death benefit could be used for your child’s
education and any other immediate need.

Protection against liabilities
 Cover yourself against a large debt / mortgage as well as provide
protection to your family.
 As the years pass, your debt will reduce, with your protection cover
being constant.
 The difference will provide the necessary financial protection to
your family, increasing each year as the mortgage reduces.
Our Term Portfolio
Lifeguard WROP
Lifeguard SP
Regular Premium Level Term Assurance
Single Premium Level Term Assurance
Lifeguard ROP
Regular Premium Level Term Assurance
with return of premium
Lifeguard WROP – The Benefits

Death Benefit: In case of death of the life assured
during the term of the plan, the entire Sum Assured
will be paid to the beneficiary.

Survival Benefit: There are no survival or maturity
benefits. Hence, on survival till maturity, nothing will
be paid.
Lifeguard WROP – The Conditions

Minimum age at entry
18 years
 Maximum age at entry
55 years
 Maximum maturity age
65 years
 Minimum term
5 years
 Maximum term
30 years
 Minimum premium
Rs. 2400 p.a.
 Surrender Value
Nil
 Policy Loans
Not available
 Riders
ADBR (@ Re. 1 / 1000 SA)
Waiver of Premium (WOP)
Lifeguard WROP – The Rebates


Payment Mode discount
 Annual
 Half – yearly
 Monthly
-
2% of discount
1% of discount
5% loading on
premium except for
ECS mode
Large Sum Assured discount
 <= Rs. 5,00,000
 < Rs. 10,00,000
 < Rs. 25,00,000
 < Rs. 50,00,000
 < Rs. 1,00,00,000
 >= Rs. 1,00,00,000 -
1.05
Nil
0.45
0.65
0.95
1.00
Lifeguard – WROP at a glance
Minimum Sum Assured
No minimum
Maximum Sum Assured
Rs. 1,00,00,000 (One Crore)
Minimum Premium
Yearly - Rs. 2,400, Half-yearly - Rs. 1,200 Monthly - Rs. 200
Minimum Age At Entry
18 Years
Maximum Age At Entry
55 Years
Maximum Maturity Age
65 Years
Minimum Term
5 Years
Maximum Term
30 Years
Sum Assured In Multiples Of
Rs. 1,000
Yearly, Half-yearly and Monthly.
Premium Payment Frequencies
Premium Payment Period
Benefit Coverage Period
Death Benefit During The Term Of
The Policy
Maturity Benefits
Entire Term Of The Policy
Entire Term Of The Policy
Sum Assured
Nil
Lifeguard – WROP at a glance
Surrender / Paid Up
Nil
Policy Loans
Riders Allow ed
No Policy Loans
Accident & Disability Benefit Rider (ADBR) @ Re. 1 / 1000 Sum Assured
Waiver of Premium Rider (WOP)
Notes
* Age Is Defined As Age Nearer Birthday
* The Premium Table Applies To Male Lives. In Respect Of Female Lives,
The Rates Will Be Those Applicable To Male Lives Tw o Years Younger.
Mode Of Payment Discount
Annual - 2% Of Premium
Half-yearly - 1% Of Premium
Monthly - There Is A Loading Of 5% On The Premium Except If The
Payment is Made By ECS
Large Sum Assured Discount (per
1000 Sum Assured)
< = 5,00,000 - Nil
< 10,00,000 - 0.45
< 25,00,000 - 0.65
< 50,00,000 - 0.95
< 1,00,00,000 - 1.00
> = 1,00,00,000 - 1.05
Underwriting Guidelines
Initial Requirem ents Proposal form
ACR
Standard Age proof (Non-std age proof not acceptable)
Deposit receipt
M edical
requirem ents
As applicable under special medical examination chart.
Rating factor for
S.A.
1
JET (Non-m edical)
Schem e
Not Allowed. Strictly medical Product
Key m an Allowed
Allowed
Lifeguard SP – The Benefits

Death Benefit: In case of death of the life assured
during the term of the plan, the entire Sum Assured
will be paid to the beneficiary.

Survival Benefit: There are no survival or maturity
benefits. Hence, on survival till maturity, nothing will
be paid.
Lifeguard SP – The Conditions

Minimum age at entry
 Maximum age at entry
 Maximum maturity age
 Minimum term
 Maximum term
 Minimum premium
 Surrender Value
 Policy Loans
 Riders
-
18 years
55 years
65 years
3 years
15 years
No minimum
Nil
Not available
Nil
Lifeguard SP – The Rebates

Payment Mode discount

Large Sum Assured discount







<= Rs. 4,99,000
Rs. 500,000 – Rs. 699,999
Rs. 7,00,000 – Rs. 9,99,999
Rs. 10,00,000 – Rs. 24,99,999
Rs. 25,00,000 – Rs. 49,99,999
Rs. 50,00,000 – Rs. 99,99,999
>= Rs. 1,00,00,000
-
Nil
-
Nil
Rs. 5
Rs. 6.4
Rs. 7.75
Rs. 9.70
Rs. 10.3
Rs. 10.6
Lifeguard – SP at a glance
Minimum Sum Assured
Rs. 2,50,000 (Tw o Lakh Fifty thousand)
Maximum Sum Assured
Rs. 1,00,00,000 (One Crore)
Minimum Premium
No minimum
Minimum Age At Entry
18 Years
Maximum Age At Entry
55 Years
Maximum Maturity Age
65 Years
Minimum Term
3 Years
Maximum Term
15 Years
Sum Assured In Multiples Of
Rs. 1,000
Only Single Premium
Premium Payment Frequencies
Premium Payment Period
Benefit Coverage Period
Death Benefit During The Term Of
The Policy
Maturity Benefits
Single
Entire Term Of The Policy
Sum Assured
Nil
Lifeguard – SP at a glance
Surrender / Paid Up
No Surrender Value
Policy Loans
Riders Allow ed
No Policy Loans
Notes
* Age Is Defined As Age Nearer Birthday
No Riders allow ed
* The Premium Table Applies To Male Lives. In Respect Of Female Lives,
The Rates Will Be Those Applicable To Male Lives Tw o Years Younger.
Mode Of Payment Discount
Large Sum Assured Discount (per
1000 Sum Assured)
Not Available
< = 499,999 - Nil
500,000 – 699,999 - Rs. 5
700,000 – 999,999 - Rs. 6.4
1,000,000 – 2,499,999 - Rs. 7.75
2,500,000 – 4,999,999 - Rs. 9.70
5,000,000 – 9,999,999 - Rs. 10.3
> = 10,000,000 - Rs. 10.6
Underwriting Guidelines
Initial Requirem ents Proposal form
ACR
Standard Age proof (Non-std age proof not acceptable)
Deposit receipt
M edical
requirem ents
As applicable under special medical examination chart.
Rating factor for
S.A.
1
JET (Non-m edical)
Schem e
Not Allowed. Strictly medical Product
Key m an Allowed
Allowed
Lifeguard ROP – The Benefits

Death Benefit: In case of death of the life assured
during the term of the plan, the entire Sum Assured
will be paid to the beneficiary.

Survival Benefit: On survival till maturity, all the
premiums paid, will be returned without interest.

Extended Life Cover: Even after maturity of the
policy, the Life Assured will be covered for 50% of the
Sum Assured for 5 years, at no extra cost.
Lifeguard ROP – The Conditions









Minimum age at entry
Maximum age at entry
Maximum maturity age
Minimum term
Maximum term
Minimum premium
Surrender Value
Policy Loans
Riders
-
18 years
55 years
65 years
10 years
30 years
Rs. 2400
After 3 yrs
premiums have been paid
Not available
ADBR (@ Re. 1 / 1000 SA)
Waiver of Premium (WOP)
Lifeguard ROP – The Rebates


Payment Mode discount
 Annual
 Half – yearly
 Monthly
-
2% of discount
1% of discount
5% loading on
premium except for
ECS mode
Large Sum Assured discount (per 1000 SA)
 >= Rs. 5,00,000
2.15
 >= Rs. 7,00,000
2.80
 >= Rs. 10,00,000 3.35
 >= Rs. 25,00,000 4.10
 >= Rs. 50,00,000 4.40
Lifeguard – ROP at a glance
Minimum Sum Assured
Subject to a minimum premium of Rs. 2400
Maximum Sum Assured
Rs. 1,00,00,000 (One Crore)
Minimum Premium
Yearly - Rs. 2,400, Half-yearly - Rs. 1,200, Monthly - Rs. 200
Minimum Age At Entry
18 Years
Maximum Age At Entry
55 Years
Maximum Maturity Age
65 Years
Minimum Term
10 Years
Maximum Term
30 Years
Sum Assured In Multiples Of
Rs. 1,000
Yearly, Half-yearly and Monthly.
Premium Payment Frequencies
Premium Payment Period
Benefit Coverage Period
Death Benefit During The Term Of
The Policy
Death during extended term cover
period
Maturity Benefits
Entire Term Of The Policy
Entire Term Of The Policy
Sum Assured
Amount equal to 50% of the Sum Assured of the policy
Sum Of Basic Premiums Paid (Excluding Any XRT & Rider Premiums)
Lifeguard – ROP at a glance
Surrender / Paid Up
After 3 Full Years Premiums Have Been Paid
Policy Loans
Riders Allow ed
No Policy Loans
Accident & Disability Benefit Rider (ADBR) @ Re.1 / 1000 Sum Assured
Waiver of Premium Rider (WOP)
Notes
* Age Is Defined As Age Nearer Birthday
* The Premium Table Applies To Male Lives. In Respect Of Female Lives,
The Rates Will Be Those Applicable To Male Lives Tw o Years Younger.
Mode Of Payment Discount
Large Sum Assured Discount (per
1000 Sum Assured)
Annual - 2% Of Premium
Half-yearly - 1% Of Premium
Monthly - There Is A Loading Of 5% On The Premium Except If The
Payment is Made By ECS
> = 5,00,000 - 2.15
> = 7,00,000 - 2.80
> = 10,00,000 - 3.35
> = 25,00,000 - 4.10
> = 50,00,000 - 4.40
Underwriting Guidelines
Initial Requirem ents Proposal form
ACR
Standard Age proof (Non-std age proof not acceptable)
Deposit receipt
M edical
requirem ents
As applicable under special medical examination chart.
Rating factor for
S.A.
1
JET (Non-m edical)
Schem e
Not Allowed. Strictly medical Product
Key m an Allowed
Allowed