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Life Shield

1. Death Benefit (Benefit payable on death of the Life Assured during the policy term)

• No Prior Terminal Illness Claim is made: Your nominee/legal heir will receive the Sum Assured on Death⁵.
• Prior Terminal Illness Claim has been made: Your nominee/legal heir will receive the Prevailing Sum Assured on Death (i.e. Sum Assured on Death⁵ – Sum Assured on TI⁷).
  
  In case, Sum Assured = TI Sum Assured, no Death Benefit will be paid.
  The policy will terminate on payment of Death Benefit.

2. Terminal Illness Benefit (Benefit payable in case the Life Assured is diagnosed with Terminal Illness during the policy term)

• a) If the Sum Assured chosen is less than or equal to 2 crores (i.e. maximum TI Sum Assured), We will pay the Sum Assured on TI⁷, and the policy will terminate

Or,

• b) If the Sum Assured chosen is greater than 2 crores (i.e. maximum TI Sum Assured), We will pay Rs. 2 crores and the policy will continue with the balance Sum Assured on Death⁵, i.e. (Sum Assured less Rs. 2 crores) with the waiver of future premiums. This balance Sum Assured on Death⁵ will be payable on death of the Life Assured, and the policy will terminate on death of Life Assured.

Note: The sum assured will include any Life-Stage Upgrade sum assured under the policy. Terminal Illness Benefit is not an additional Benefit. It is an acceleration of Death Benefit and is included in the Sum Assured on Death.

3. WOP Benefit on ATPD/TI

We will waive off any future premiums under the policy in case

• a) If the Life Assured is diagnosed with Accidental Total Permanent Disability (ATPD), the policy will continue for existing Death benefit & Terminal Illness Benefit.

Or,

• b) If the Life Assured is diagnosed with Terminal Illness (TI) & chosen Sum Assured is greater than Rs.2 crores, the policy will continue for remaining Death Benefit.

Maturity Benefit - Not applicable

Life Shield

1. Death Benefit (Benefit payable on death of the Life Assured during the policy term)

• No Prior Terminal Illness Claim is made: Your nominee/legal heir will receive the Sum Assured on Death⁵.
• Prior Terminal Illness Claim has been made: Your nominee/legal heir will receive the Prevailing Sum Assured on Death (i.e. Sum Assured on Death⁵ – Sum Assured on TI⁷).

In case, Sum Assured = TI Sum Assured, no Death Benefit will be paid.

The policy will terminate on payment of Death Benefit.

2. Terminal Illness Benefit (Benefit payable in case the Life Assured is diagnosed with Terminal Illness during the policy term)

• a) If the Sum Assured chosen is less than or equal to 2 crores (i.e. maximum TI Sum Assured), We will pay the Sum Assured on TI⁷ and the policy will terminate

Or,

• b) If the Sum Assured chosen is greater than 2 crores (i.e. maximum TI Sum Assured), we will pay Rs.2 crores and the policy will continue with the balance Sum Assured, i.e. (Sum Assured on Death⁵ less than Rs.2 crores) with the waiver of future premiums. This balance Sum Assured on Death⁵ will be payable on death of the Life Assured, and the policy will terminate on death of Life Assured.

Note: The sum assured will include any Life-Stage Upgrade sum assured under the policy. Terminal Illness Benefit is not an additional Benefit. It is an acceleration of Death Benefit and is included in the Sum Assured on Death.

3. WOP Benefit on ATPD/TI

We will waive off any future premiums under the policy

• a) If the Life Assured is diagnosed with Accidental Total Permanent Disability (ATPD), the policy will continue for existing Death benefit & Terminal Illness Benefit.
  Or,
• b) If the Life Assured is diagnosed with Terminal Illness (TI) & chosen Sum Assured is greater than Rs.2 crores, the policy will continue for remaining Death Benefit.

Maturity Benefit - Not applicable

Life Shield ROP

Death Benefit (Benefit payable on death of the Life Assured during the policy term)

• No Prior Terminal Illness Claim is made: Your nominee/legal heir will receive the Sum Assured (as chosen by you at inception).
• Prior Terminal Illness Claim has been made: Your nominee/legal heir will receive the Prevailing Sum Assured on Death (i.e. Sum Assured on Death⁵ – Sum Assured on TI⁷). In case, Sum Assured = TI Sum Assured, no Death Benefit will be paid.

The policy will terminate on payment of Death Benefit.

2.Terminal Illness Benefit (Benefit payable in case the Life Assured is diagnosed with Terminal Illness during the policy term)

• a) If the Sum Assured chosen is less than or equal to 2 crores (i.e. maximum TI Sum Assured), we will pay the Sum Assured on TI⁷, and the policy will terminate

Or,

• b) If the Sum Assured chosen is greater than 2 crores, we will pay Rs 2 crores and the policy will continue with the balance Sum Assured on Death⁵, i.e. (Sum Assured less Rs. 2 crores) with the waiver of future premiums. This balance Sum Assured on Death⁵ will be payable on death of the Life Assured, and the policy will terminate on death of Life Assured.

Note: Terminal Illness Benefit is not an additional Benefit. It is an acceleration of Death Benefit and is included in the Sum Assured on Death.

3. WOP Benefit on ATPD/TI

We will waive off any future premiums under the policy in case

• a) If the Life Assured is diagnosed with Accidental Total Permanent Disability (ATPD), the policy will continue for existing Death benefit & Terminal Illness Benefit.

Or,

• b) If the Life Assured is diagnosed with Terminal Illness (TI) & chosen Sum Assured is greater than Rs.2 crores, the policy will continue for remaining Death Benefit.

4. Maturity Benefit

If the Life Assured survives till the end of Policy Term, Maturity Benefit will be payable

• a) Benefit payable if the Life Assured survives till date of maturity and if no claims have been paid before date of maturity - You will receive an amount equal to Sum Assured on Maturity i.e. Total Premiums Paid⁴, as a one-time lump sum on the date of maturity
• b) Benefit payable if Terminal Illness Benefit has been paid before the date of maturity – You will receive Maturity Benefit equal to [1 - (Sum Assured on TI⁷/Sum Assured on Death⁵)] X Total Premiums Paid⁴ and will be paid out on the maturity date.

The Policy will terminate on payment of Maturity Benefit.