Whichever of life’s milestones you’re at, our flexible savings and protection plan strengthens your Finnancial foundations for an even brighter tomorrow. Roshan Kal allows you to plan your monetary growth and at the same time gives you a comprehensive life protection plan. The perfect plan for a brighter future, exactly what you and your family deserve.
Anyone between the ages of 18 years to 65 years next birthday
Whole of Life plan
The Minimum Annual Basic regular Premium is Rs. 24,000/- per annum.
FUND ACCELERATION PREMIUM
(Lump Sum Adhoc Contribution)
Fund Acceleration Premium (FAP) can be paid at the commencement date or at any time while the policy is in force. The minimum FAP is Rs. 24,000.
(i) Unit Allocation
The allocation of the annual basic plan contribution to buy units in the selected fund is as follows:
|Year||Unit Allocation %|
|4 to 10||100%|
|11 and onwards||100% + Loyalty Bonus Allocation|
(ii) FAP Unit Allocation
100% of FAP payment is allocated to purchase units.
LOYALTY BONUS Allocation
You can enjoy loyalty bonus for your long standing relationship.these bonus unit will be applicable every 5 years starting from the end of 11th policy year. The loyalty bonus allocation,in addition to the basic plan contribution,is as follows
|Year||Loyalty Bonus Allocation %|
UNIT LINKED FUND
The premiums in the plan are linked to the Unit Linked fund which is invested in multiple Fund option ( to be selected at policy issuance)
- Managed Growth fund
- Guaranteed Growth fund
- Aitemad Growth fund
Sum assured is equal to the Annual Basic Premium times the protection multiple. The Protection Multiple is subject to limits dependent upon the age at commencement
|Age (years)||Protection Multiple|
|18 to 35||5 to 75|
|36 to 40||5 to 50|
|41 to 49||5 to 35|
|50 to 65||5 to 70-age|
BENEFIT ON DEATH
Benefit payable on death is,
Sum Assured of the Main Plan
Cash Value of the units applicable to the Regular Basic Plan premium.
Cash Value of units allocated against FAP (if any)
Indexation will be such that:
Main Plan Premium will increase by 5% of the previous year’s Premium indefinitely
Both the Main Plan Premium and the Main Plan Sum Assured* will increase by 5% of the previous year’s value
*(Indexation of Main Plan Sum Assured and premium will stop at the age of 55)
Fund Management Charge: 1.5% per annum.
Bid/Offer Spread: 5% of the net contribution.
Administration Charges: Rs.30 per month deducted annually. This may be increased annually.
The Policy can be encashed at anytime after the second year’s regular premium payment.
The Client can make partial cash withdrawals after commencement whilst continuing to make regular premiums and keeping the plan in force. This facility is subject to Rs. 20,000 remaining in the plan after such withdrawals (excluding the cash value of the FAP).
The FAP cash value can be withdrawn in full or partially at any time whilst the policy is in force.
The following riders are available with this product
- Additional Term Assurance
- Additional Term Assurance
- Accidental Death and Disability Benefit
- Accidental Death and Disability Benefit Plus
- Waiver of Premium
- Family Income Benfit
- Life Care +