SAMRIDHI PLUS | Highest Net Asset Value (NAV) over the first 100 months of the Policy

SAMRIDHI PLUS (PlanNo-804)

A closed ended plan for sale from 25th Feb, 2011 and close ended product.

An UUP plan with a policy term of 10 Yrs that offers payment of Fund Value at the end of policy term based on: HIGHEST Net Asset Value (NAV) over the first 100 months of the Policy

01 The NAV as applicable at the end of the policy term, whichever is higher.

FEATURES:

1. Minimum Entry Age : 8 years (Last Birthday).


2. Maximum Entry Age : 65 Years (Nearest Birthday).


3. Policy Term : 10 Years.


4. Premium Paying Term : Single Premium OR 5 Years regular premium


5. Minimum Single Premium : Rs.30,000/- Maximum: Unlimited.


6. Minimum Regular Premium : Rs. 15,000/- Maximum: lLac per annum.

BENEFITS PAYABLE AT THE END OF POLICY TERM (Maturity Benefit)

An amount equal to the policy holder's fund based on the highest NAV over first 100 months of the policy term OR NAV as applicable at the end of the policy term, whichever is higher, shall be payable.

BENEFITS PAYABLE ON DEATH DURING THE TERM: Sum-Assured OR Policyholder's Fund Value which ever is higher shall be payable provided policy is in full force. In case of discontinued policies only fund value shall be payable.

USPs:

1. Available at initial NAV of Rs. 10/-


2. Available for a limited period of Maximum 3 months.


3. NAV computed on daily bais.


4. Risk premium charged only on difference of SA and Fund Value.


5. No risk premium when Fund Value exceeds SA.


6. Handsome risk cover (death benefit) upto maximum 20 times of annual premium.


7. Partial Withdrawal facility available (After 5 year - twice in a year)


8. Highest NAV is guaranteed even after partial withdrawal.


9. Very low allocation and administrative charges. Low FMC/Guarantee charges.


10. No surrender charge after 5 years.


11. Available with Single premium and 5 years Premium payment term.


12. Tax benefits available as per I.T. rules


13. Flexibility in deciding Risk Cover.


14. All modes of payment (Single, Yly, Hly, Qly, ECS(MLY) available.

Guarantee is applicable only to those policies which continue till maturity.