A Non-Linked, Non-Participating, Individual, Life Assurance Savings Plan which offers an attractive combination of protection and savings. This plan provides financial support for the family in case of unfortunate death of the policyholders during the policy term and guaranteed lumpsum payment to the surviving policyholder at the time of maturity.

Guaranteed Amount on Maturity

On reaching the date of maturity, you would receive Sum Assured + All Guaranteed Additions accumulated till date. The Guaranteed Additions are added every year @ Rs. 50 per 1,000 Sum Assured.


25% Extra Risk Cover for the Entire Term

On death during the policy term after the date of commencement of risk “Sum Assured on Death” and Accrued Guaranteed Additions. Where “Sum Assured on Death” is defined as higher of 125% of Basic Sum Assured or 7 times of annualised premium.


Limited Premium term

If your Premium payments end within a short period, it allows longer coverage durations and Reduces the chances of lapse.



Avail Tax Benefit on premium paid

Tax Free Maturity Amount

Guaranteed Addition Every Year

Eligibility Criteria:




Basic Sum Assured

Rs 1,00,000

No Limit

Policy Term



Premium Paying term

Policy Term minus 5 Years

Age At Entry

90 days Completed

60 Years (Age Nearer Birthday)

Age at Maturity

18 years (Completed)

75 Years (Age Nearer Birthday)

Mode Of Payment

Yearly, half Yearly, Quarterly & Monthly


Date of commencement of risk: In case the age at entry of the Life Assured is less than 8 years, the risk under this plan will commence either 2 years from the date of commencement or from the policy anniversary coinciding with or immediately following the attainment of 8 years of age, whichever is earlier. For those aged 8 years or more, risk will commence immediately.

Date of vesting: If the policy is issued on the life of a minor, the policy shall automatically vest on the Life Assured on the policy anniversary coinciding with or immediately following the completion of 18 years of age and shall on such vesting be deemed to be a contract between the Corporation and the Life Assured.

Benefits Payable under the policy:

A. Death Benefit:

Before Commencement Of Risk
Return of premiums paid excluding taxes, extra premium and rider premium(s), if any.

After Commencement of risk
Sum Assured on Death Plus Accrued Guaranteed Additions will be Payable Where “Sum Assured on Death” is defined as higher of 125% of Basic Sum Assured or 7 times of annualized premium.

Death Benefit  shall not be less than 105% of the total Premiums paid (excluding any extra premium, any rider premium(s) and taxes) up to the date of death.

B. Maturity Benefit (Basic Sum Assured + Guaranteed Additions)
Guaranteed Additions @Rs 50 per thousand Basic Sum Assured will be added to the Policy at the end of each Policy.

Options available:

1) Rider Benefits:
      a) LIC’s Accidental Death and Disability Benefit Rider (UIN: 512B209V02)

      b) LIC’s Accident Benefit Rider (UIN:512B203V03)
      c) LIC’s New Term Assurance Rider (UIN: 512B210V01)
      d) LIC’s New Critical Illness Benefit Rider (UIN: 512A212V02)
      e) LIC’s Premium Waiver Benefit Rider (UIN: 512B204V03)

2) Settlement Option (for Maturity Benefit):

3) Option to take Death Benefit in installments:

4) Loan Availability after Payment of Premium of 2 Full years.