You can choose the rate at which you want the income payouts – 11% p.a., 12% p.a. or 13% p.a. Income is paid as a percentage of the sum assured chosen. The income payout rate varies with premium payment term and premium amount chosen.
For 11% p.a.
|
Premium Payment Term
|
Premium Range
|
8
|
₹24000 – ₹47,999
|
10
|
₹18,000 – ₹35,999
|
12/15
|
₹12,000 – ₹23,999
|
For 12% p.a.
|
Premium Payment Term
|
Premium Range
|
8
|
₹48,000 – ₹95,999
|
10
|
₹36,000 – ₹71,999
|
12/15
|
₹24,000 – ₹47,999
|
For 13% p.a.
|
Premium Payment Term
|
Premium Range
|
8
|
₹96,000 – above
|
10
|
₹72,000 – above
|
12/15
|
₹48,000 – above
|
In case monthly income payout opted, the percentages applicable are 0.85% p.m./ 0.90% p.m./1% p.m. for income payout rate of 11% p.a.,12% p.a. and 13% p.a. respectively.