On the date of the ULIP policy's maturity, the total amount of Mortality charges deducted throughout the Policy term will be added back as ROMC to the ULIP Fund value. ROMC would be added to the fund(s) in the same proportion of the Fund value as on the maturity date. However, the benefit of ROMC will be available only if all due Premiums under the policy have been paid up to date. ROMC will be excluding any extra mortality charge and/or Goods  & Services Tax /any other applicable tax levied on the Mortality charge deducted, subject to change in tax laws.

At the end of the 10th policy year or on the date of policy maturity, whichever is earlier, the total of all the premium allocation charges deducted under the policy will be added into the Fund as Loyalty Benefit.

Policyholders opting for longer policy terms will be rewarded with extra units through Fund Boosters.at the end of 15th, 20th, 25th and 30th year, fund booster as a percentage of the average of the daily Single/Regular Premium Fund value during the previous three years (including the current year) will be added into the fund as loyalty benefit., depending on the variant opted by the policyholder.

Yes, under the Child Wealth variant, the charges deducted towards the benefits like Income Benefit, Waiver of Premium and Accidental Total Permanent Disability (ATPD), will be returned at maturity provided premiums due under the policy are paid to date, and no death/ATPD benefits are already paid under the policy.  These charges would be added to the fund(s) in the same proportion of the Fund value as on the maturity date. The return of these charges will be excluding any extra charges and/or GST/any other applicable tax levied, subject to change in tax laws.

At any policy anniversary, one can switch out from any of the five portfolio strategies -- Investor Selectable Portfolio Strategy, Wheel of Life Portfolio Strategy II, Trigger Based Portfolio Strategy II, Auto Transfer Portfolio Strategy or Capital Preservation-Oriented Strategy and switch into any one of the following three strategies:

1. Investor Selectable Portfolio Strategy

2. Wheel of Life Portfolio Strategy II

3. Auto Transfer Portfolio Strategy

Trigger Based Portfolio Strategy II and Capital Preservation-Oriented Strategy can be opted for only at inception.

Once you have opted out of Trigger Based Portfolio Strategy II and Capital Preservation-Oriented Strategy, you cannot switch back again during the policy term.

You can switch between ULIP funds only under the Investor Selectable Portfolio Strategy.

You can make unlimited free fund switches. Switching of investment strategies would invite a Miscellaneous charge, as mentioned in the Table of charges in sales literature.

Both systematic and non-systematic partial withdrawals are allowed under the ULIP policy. One can opt for non-systematic partial withdrawal any time after the 5th policy year, subject to policy terms & conditions. You can take out a minimum of Rs 5,000 and maximum of 10% of the total premiums paid at any one time. Not more than 50% of the total premiums paid will be allowed to be withdrawn during the policy term.

Systematic Partial withdrawals are available with Wealth and Child Wealth variants. In Wealth variant, at the inception of the policy, you can opt to take out the Loyalty Benefits as Periodical Money Backs by way of systematic partial withdrawal, You can opt out of this before the 10th Policy year when the first Loyalty Benefit becomes due. You will also have the option to take these Periodical Money Backs in one-lump sum or over a period of 12 continuous months.

In Child Wealth variant, Child milestone payouts, an annual systematic partial withdrawal for Child’s Key Milestones will be available in the last four Policy Anniversaries prior to the maturity date. However, you may opt to receive the Child Milestone Payouts, at any Policy Anniversary from the eleventh (11th) Policy Anniversary onwards, as four consecutive annual systematic partial withdrawals.