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In this policy the investment risk in investment portfolio will be borne by the policyholder
UIN: 136L019V05

Insure Smart Plan is a unit linked insurance plan, it helps you save for your specific dreams with the flexibility of paying premiums for 5 years and getting Life Cover for 10 years with freedom to invest in our 6 funds as per your investment needs.

Insure Smart Plan Product Parameters Product Parameters

Insure Smart Plan Age Criteria

Age Criteria

  • Entry Age (Life Assured)


    8 years


    70 years
Insure Smart Plan Term

Policy Term

10 years (Fixed)
Insure Smart Plan Sum Assured

Sum Assured

  • Minimum
    10 x Annualized Premium(for ages below 45)
    7 x Annualized Premium(for ages 45 and above)
  • Maximum
    35 x Annualized Premium
    subject to underwriting
Insure Smart Plan Premium Payment Details

Premium Payment Details

  • Annual Premium




    No Limit
  • Premium Payment Term
    5 years (Fixed)
In this policy, the investment risk in Investment Portfolio is borne by the policyholder.
The Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender/withdraw the monies invested in Linked Insurance Products completely or partially till the end of the fifth year.

We all want to be financially comfortable and ensure that we have adequate funds in place, to enjoy our life. Our living expenses and financial goals are different for different stages of life, whether saving for retirement, raising a child or simply having the financial freedom to do as we want.

The plan offers

India Multi-Cap Equity Fund

Now generate capital appreciation in the long term through equity investments by investing in a diversified portfolio of Small Cap, Mid Cap and Large Cap companies.

Premium Options

There are attractive discounts on premium allocation charge, in case you choose to pay renewal premiums through ECS/Standing Instructions.

Fund Switching

You can switch some or all of your investments from one fund to another, any number of times. The minimum amount that you can switch is 10,000.

Premium Redirection

You can modify the allocation of future premiums once in a policy year. The revised allocation proportion will apply to your subsequent premiums.

Increase/Decrease of Sum Assured

You can increase or decrease your Sum Assured from the 6 policy year, provided all due premiums are paid. This facility is available once every year subject to maximum of 3 times during the Policy Term.

Partial Withdrawal

You can make partial withdrawals for any unforeseen contingency, from the 6th policy year. In case the Life Assured is a minor, partial withdrawal will be allowed once he/she attains age 18. The minimum amount that you can withdraw is 10,000 and the maximum is such that the Fund Value after withdrawal does not fall below 120% of the Annualized Premium.

Death Benefits

In the unfortunate event of your death while your policy is in-force, your nominee will receive higher of:

  • Sum Assured less applicable partial withdrawals
  • Fund value as on date of intimation of death
  • 105% of all the premiums paid up to the date of death
Maturity Benefits

Your policy will mature at the end of 10 years. You will receive the Fund Value based on the prevailing NAVs at maturity. Moreover, Loyalty Addition will also be payable.

Loyalty Additions

You will get a loyalty addition of 1% of your total fund value at maturity.

Investment Funds

You can choose to invest in 6 investment funds with equity exposure ranging 0% to100%, depending on your investment philosophy:

  • India Multi-Cap Equity Fund
  • Equity II Fund
  • Growth Plus Fund
  • Balanced Plus Fund
  • Debt Plus Fund
  • Liquid Fund
Tax Benefits#

You can avail tax benefit on the premium paid subject to current applicable provisions of Section 80C of income Tax Act, 1961.

#Tax benefits under the policy will be as per the prevailing Income Tax laws and are subject to amendments from time to time. For tax related queries, contact your independent tax advisor.

Mr. Vijay, age 40, chooses to pay annual premiums as shown below. He opts for a Sum Assured of 10 times the Annualized Premium and a fixed Policy Term of 10 years & fixed Premium Paying Term of 5 years. The table below shows the maturity for multiple scenarios assuming annual gross investment return of 4%* and 8%* with 100% investment in Equity II Fund and ECS as Premium Payment Mode.

Annualized Premium() Sum Assured () Fund Value () at Maturity
4%* 8%*
50,000 5,00,000 2,65,136 3,63,654
75,000 7,50,000 3,97,704 5,45,481
1,00,000 10,00,000 5,30,271 7,27,308
2,00,000 20,00,000 10,60,543 14,54,615
5,00,000 50,00,000 26,51,357 36,36,539

*The assumed rates of return (4% p.a. or 8% p.a.) shown in the above illustrative examples of different scenarios are not guaranteed and they are not the upper or lower limits of what you might get back as the value of your Policy depends on a number of factors including future investment performance. The Fund Values shown in the above illustrative example are after deduction of all charges (including Goods and Services Tax & Applicable cess (es)/levy, if any @18%).