In reference to your mail, we have tagged your query under Query Number: 4412698.
You have opted for "Capital Unit Gain"; the policy premium term is of 20 years.
The annual premium allocation is 95%, the allocation rate for all top up premiums is 98%.
The unit-linked policy has three years of lock in period. After three years, customer gets facilities of premium holiday, partial withdrawal, or surrendering the policy.
“Premium Holiday” is a temporary period during which the policyholder can keep his policy in-force without payment of regular premiums. This holiday can be availed by the policyholder after payment of three year’s full regular premiums from date of commencement of the policy.
Anytime after three years from date of commencement of the policy, partial withdrawal of units is allowed or surrenders of policy.
The premium paid by customer is invested in stock market. The stock market is volatile.
To avail the full benefit return on the amount of investment of this policy, kindly continue the policy for more than three years.
The surrender value payable will be equal to the "Regular premium" fund value and the Top Up premium fund value less the surrender charge.
The surrender charge is applied on Capital Units only and recovered by the redemption of Capital Units, please check the below given surrender charges details:
Year Surrender Penalty
Completion of three full policy year: 56%