Lifestage Wealth 10 page

Working of the Return Guarantee Fund: Death benefit
Scenario 1
Scenario 2
Minimum
Guaranteed
NAV
of the RGF
tranche
(A)
Rs. 15
Rs. 15
RGF NAV on
the date of
termination
of
tranche
Higher of
(A,B)
Number of
Units in
RGF on the
date of
termination
of tranche
Amount
available at
termination
of tranche
(B) (C) (D) (C x D)
Rs. 16
Rs. 14
Rs. 16
Rs. 15
1000
1000
Rs. 16,000
Rs. 15,000
We also provide you with the option of systematically investing in our
T&C 6
equity funds through the Automatic Transfer Strategy (ATS) .
Market Fund and transfer a chosen amount every month into any one of
the following funds: Bluechip Fund, Multi Cap Growth Fund or
Opportunities Fund. This facility is available only with the Fixed Portfolio
At maturity the Fund Value including the Top up Fund Value, if any, shall be
payable. Alternatively, you can opt for the Settlement Options available.
There will be additional allocation of units only on premium payment every
th
year starting from the 6 policy year, up to the end of the policy term. This
will lead to more than 100% of your premium getting allocated as shown
below:
With
this strategy, you can invest all or some part of your Fund Value in Money
Strategy and is free of charge.
Benefits in detail
Maturity benefit:
Additional allocation of units:
Policy Year
th
6 year onwards
Additional Allocation of Units Premium Allocation
2%
102% of premium paid
In the unfortunate event of death of the Life Assured during the term of the
Policy, the nominee shall receive Sum Assured (reduced by partial
T&C 3
withdrawals ) or Fund Value whichever is higher.
In case the Life Assured is below 7 years of age at the time of death, only the
Fund Value would be payable.
Partial Withdrawals
Partial withdrawals will be allowed after completion of five Policy years and on
payment of at least three full years' premium. This option is available
irrespective of the portfolio strategy chosen. You will be entitled to make one
partial withdrawal, every three Policy years, up to a maximum of 20% of the
th th
Fund Value. For example, partial withdrawal can be done once from 6 to 8
th th
Policy year, once from 9 to 11 Policy year and so on.
Switch between the funds in Fixed Portfolio Strategy
T&C 5
You have an option to switch among the eight funds as and when you
choose depending on your financial priorities. The minimum switch amount is
Rs. 2,000.
Change in Portfolio Strategy (CIPS)
You can change your portfolio strategy once every Policy year. This facility is
provided free of cost. Any unutilized CIPS cannot be carried forward to the
next Policy year.year.
Settlement Options:
On maturity of this Policy, you can choose to take the Fund Value as a
structured benefit. With this facility, you can opt to get payments on a
yearly, half yearly, quarterly or monthly (through ECS) basis, over a period of
T&C 7
one to five years, post maturity . At any time during the settlement
period, you have the option to withdraw the entire Fund Value. During the
settlement period, the investment risk in the investment portfolio is borne
by the Policyholder.
Partial withdrawals are
T&C 3
free of cost. The minimum partial withdrawal amount is Rs. 2,000 .