iSelect Guaranteed Future Plus

Death Benefit

For Endowment Option:

Where Life Assured and Policyholder are the same: Sum Assured on Death; PLUS Accrued Guaranteed Additions, subject to the minimum of surrender will be paid.

If the optional Payor Premium Protection Cover has been chosen, Sum Assured on Death will be paid.

All future premiums payable thereafter will be waived off and the Policy continues till the end of the Policy Term with all future benefits intact.

Where Life Assured and Policyholder are different:

On death of the Life Assured the death benefit payable will be equal to: Sum Assured on Death; PLUS Accrued Guaranteed Additions, subject to the minimum of surrender will be paid.

On death of the Policyholder: If the optional Payor Premium Protection Cover has been chosen, all the future premiums payable shall be waived off and the policy shall continue as in-force till the end of the Policy Term with all the future benefits intact.

If Accidental Death Benefit (ADB) has been chosen, On death of the Life Assured due to accident, an additional amount equal to ADB Sum Assured will be paid and the Policy will terminate and all further benefits and coverage cease to exist thereafter.

Note: Only one of the two optional benefits i.e. Payor Premium Protection Cover or Accidental Death Benefit can be chosen.

Maturity Benefit

Guaranteed Sum Assured on Maturity PLUS Accrued Guaranteed Additions.

On payment of this benefit, the Policy will terminate, and all benefits and coverage cease to exist thereafter.

You can customize the policy to suit your financial goals and requirements in just 4 simple steps:

Step 1: Choose how much you want to save to contribute towards your goal. This is your premium.

Step 2: Choose your Premium Payment Term (PPT)/ Policy Term (PT) and Premium Payment Mode basis your financial horizon.

Step 3: Choose Payor Premium Protection1 or Accidental Death Benefit if required by you.

Step 4: The Guaranteed Additions in this plan will be determined on the basis of your age and the options chosen above and will be payable at Maturity along with Guaranteed Sum Assured on Maturity.

1Available under Endowment Option and Regular Income Option.

EXAMPLE: Endowment Option

Case Study: Age 35 years, Policy Term 20 years, Premium Payment Term 10 years, Premium Payment Frequency Yearly and Optional benefit not chosen.

#Maximum Maturity Age is 75 years if Accidental Death Benefit or Payor PPC is chosen, ^Where Payor PPC has been chosen, Maximum Maturity /Entry Age criteria is applicable for both the Life Assured as well as the Policyholder. In all other cases, the above criteria is applicable for the Life Assured. *Where Accidental Death Benefit has been chosen the minimum entry age is 18 years. *The minimum entry age for a Policyholder is 18 years (age last birthday) irrespective he opts for Payor PPC or not.

Optional Benefits

1. Payor Premium Protection Cover

   With this benefit, all future premiums will be waived off in the event of the death of the Payor (i.e., the Policyholder) anytime during the Policy term provided the policy is in-force. In case where Policyholder and Life Assured are the same, Sum Assured on Death will be payable immediately, and all future premiums payable shall be waived off. This benefit can be opted with Endowment Option and Regular Income Option.

2. Accidental Death Benefit

   In event of the death of the Life Assured due to an accident, an additional amount equal to the ADB sum assured will be payable. The ADB sum assured will be the same as the Sum Assured on Death at inception, subject to a maximum of ₹ 2 crore. This benefit can be opted with all plan options.

Only one of the two optional benefits, Payor Premium Protection Cover or Accidental Death Benefit can be chosen.

Tax Benefit

You may be entitled for tax benefits in accordance with the provision of Income Tax Act, 1961 as amended from time to time. Please consult your independent tax advisor for tax related queries.

Why Buy

Death Benefit

For Regular Income Option:

Where Life Assured and Policyholder are the same: Sum Assured on Death; PLUS Accrued Guaranteed Additions, subject to the minimum of surrender will be paid.

If the optional Payor Premium Protection Cover has been chosen, Sum Assured on Death will be paid. All future premiums payable thereafter will be waived off and the Policy continues till the end of the Policy Term with all future benefits intact.

Where Life Assured and Policyholder are different:

On death of the Life Assured the death benefit payable will be equal to: Sum Assured on Death; PLUS Accrued Guaranteed Additions, subject to the minimum of surrender will be paid.

On death of the Policyholder: If the optional Payor Premium Protection Cover has been chosen, all the future premiums payable shall be waived off and the policy shall continue as in-force till the end of the Policy Term with all the future benefits intact.

If Accidental Death Benefit (ADB) has been chosen, On death of the Life Assured due to accident, an additional amount equal to ADB Sum Assured will be paid and the Policy will terminate and all further benefits and coverage cease to exist thereafter.

Note: Only one of the two optional benefits i.e. Payor Premium Protection Cover or Accidental Death Benefit can be chosen.

Survival Benefit

Guaranteed Income during Income Period in arrears as per the Income Frequency chosen. The Income Period starts immediately after the end of the Premium Payment Term till the end of the Policy Term.

Maturity Benefit

Accrued Guaranteed Additions and the Policy will terminate and all further benefits and coverage cease to exist thereafter.

You can customize the policy to suit your financial goals and requirements in just 4 simple steps:

Step 1: Choose how much you want to save to contribute towards your goal. This is your premium.

Step 2: Choose your Premium Payment Term (PPT)/ Policy Term (PT), Premium Payment Mode/ Income Frequency basis your financial horizon.

Step 3: Choose Payor Premium Protection Cover1 or Accidental Death Benefit, if required by you.

Step 4: The Guaranteed Income in this plan will be determined on the basis of your age and the options chosen above and will be payable every year post completion of Premium Payment Term (as explained below).

1Available under Endowment Option and Regular Income Option.

EXAMPLE: Regular Income Option

Case Study: Age 35 years, Policy Term 20 years, Income Period 10 years Premium Payment Term 10 years and Premium Payment Frequency Yearly, Income Payout Frequency Annual and Optional benefit not chosen.

#Maximum Maturity Age is 75 years if Accidental Death Benefit or Payor PPC is chosen, ^Where Payor PPC has been chosen, Maximum Maturity /Entry Age criteria is applicable for both the Life Assured as well as the Policyholder. In all other cases, the above criteria is applicable for the Life Assured. *Where Accidental Death Benefit has been chosen the minimum entry age is 18 years. *The minimum entry age for a Policyholder is 18 years (age last birthday) irrespective he opts for Payor PPC or not.

Why Buy

Death Benefit

On death of the Life Assured, Sum Assured on Death, will be paid, subject to the minimum of surrender value and the Policy will terminate and all further benefits and coverage cease to exist thereafter.

If Accidental Death Benefit (ADB) has been chosen,

On death of the Life Assured due to accident, an additional amount equal to ADB Sum Assured will be paid and the Policy will terminate and all further benefits and coverage cease to exist thereafter.

Survival Benefit

Guaranteed Income in arrears as per the Income Frequency chosen from 2nd Policy year till the end of Income Period.

You can customize the policy to suit your financial goals and requirements in just 4 simple steps:

Step 1: Choose how much you want to save to contribute towards your goal. This is your premium.

Step 2: Choose your Premium Payment Term (PPT)/ Income Period/ Premium Payment Mode/ Income Frequency basis your financial horizon.

Step 3: Choose Accidental Death Benefit, if required by you.

Step 4: The Guaranteed Income in this plan will be determined on the basis of your age and the options chosen above and will be payable during income period as defined below.

EXAMPLE: Early Income Option

Case Study: Age 35 years, Policy Term 20 years, Income Period 19 years, Premium Payment Term 10 years and Premium Payment Frequency Yearly, Income Payout Frequency Annual and Accidental Death Benefit is not chosen.

#Maximum Maturity Age is 75 years if Accidental Death Benefit or Payor PPC is chosen, ^Where Payor PPC has been chosen, Maximum Maturity /Entry Age criteria is applicable for both the Life Assured as well as the Policyholder. In all other cases, the above criteria is applicable for the Life Assured. *Where Accidental Death Benefit has been chosen the minimum entry age is 18 years. *The minimum entry age for a Policyholder is 18 years (age last birthday) irrespective he opts for Payor PPC or not.

Why Buy

Death Benefit

For Long Term Income with Return of Premium (ROP) Option:

On death of the Life Assured, Sum Assured on Death will be paid subject to the minimum of surrender value and the Policy will terminate and all further benefits and coverage cease to exist thereafter.

If Accidental Death Benefit (ADB) has been chosen,

On death of the Life Assured due to accident, an additional amount equal to ADB Sum Assured will be paid and the Policy will terminate and all further benefits and coverage cease to exist thereafter.

Survival Benefit

Guaranteed Income in arrears as per the Income Frequency chosen post commencement of the Income Period till the end of the Policy Term.

Maturity Benefit

Guaranteed Sum Assured on maturity which will be equal to 100% of the total premiums paid and the Policy will terminate, all further benefits and coverage cease to exist thereafter.

You can customize the policy to suit your financial goals and requirements in just 4 simple steps:

Step 1: Choose how much you want to save to contribute towards your goal. This is your premium.

Step 2: Choose your Premium Payment Term (PPT)/ Income period/ Consolidation period/ Premium Payment Mode/ Income Frequency basis your financial horizon.

Step 3: Choose Accidental Death Benefit, if required by you.

Step 4: The Guaranteed Income in this plan will be determined on the basis of your age and the options chosen above and will be payable during Income period as defined below.

EXAMPLE: Long Term Income with ROP option

Case Study: Age 35 years, Policy Term 42 years, Income Period 30 years, Consolidation Period 12 years, Premium Payment Term 10 years and Premium Payment Frequency Yearly, Income Payout Frequency Annual and Accidental Death Benefit is not chosen.