Non-Linked, Non-Participating, Individual Savings Whole Life Insurance Plan

Guaranteed Income Benefit for Lifetime

Guaranteed income equal to 10% of Sum Assured will be received as per the option selected. Income will start after the deferement period.

Lifetime Riskcover

This product offers LifeTime Riskcover, in the Deferement Period as well as in the Income Period.

Option to choose Sum Assured

Flexibility to select Sum Assured as per choice
Option 1 (Regular Income Benefit)
Option 2 (Flexi Income Benefit)

Option to select Premium Payment Term

Flexibility to select Premium Payment Term from 5 years to 16 years


Guaranteed Income starts from 18 years age
Guaranteed Additions throughout Premium Paying Term
Option to withdraw the deferred income

Eligibility Criteria

Age at Entry90 Days (completed)65 Years
Premium Paying Term5 yrs16 yrs
Sum Assured5 LakhsNo Limit

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

PPTDeferment Years
5 yrs5 yrs
6 yrs4 yrs
7 yrs3 yrs
8 yrs to 16 yrs2 yrs

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