|Fund Management Charge (expressed a as percentage of Fund Value)|
|Charge||0.40% p.a.||0.45% p.a.||0.40% p.a.||0.50% p.a.|
A. No, the company does not charge any fee for premium allocation and policy administration.
A. There is no charge for Switching. Policyholders can make unlimited switches for free.
A. Mortality charge is recovered by deducting units every policy monthiversary from the unit account. It is deduct mortality charge for Rs.1,000 of the Sum Assured. Mortality charge is guaranteed for 1 year policy term.
A. No fee is charged for premium redirection.
A. Surrender charge is taken if funds are withdrawn before policy completes 3 years. It is 0.05% of Fund Value (Maximum – Rs.5 Lakhs). If funds are withdrawn after 3 years, then surrender charge is not imposed.
A. The price of a Unit is calculated using the following formula:
[Market value of investments held by segregated fund + Value of current assets – (Value of current liabilities and provisions, if there are any)] / Number of Units existing on Valuation Date (before creation/redemption of Units)
A. No, grace period is not available for gratuity contributions.
A. No, this policy does not provide loan.
A. No, this policy does not allow top-ups. It is allowed only if there is a deficit in gratuity funding liability.
A. To make a claim under this policy, the following has to be submitted: