IndiaFirst CSC Shubhlabh Plan

• Build corpus systematically through guaranteed benefits
• Receive account value at maturity of the policy
• Hassle-free buying
• Flexible policy term & premium pay mode
• Guaranteed minimum floor rate
• Financial protection for family
• Access funds through partial withdrawals
• Top Up Premium facility available
• Enjoy tax benefits

The premium amount under the plan is invested in the Account Value and it increases through accumulation of minimum floor rate, additional interest rate and residual addition.

Death Benefit

In the event of death of the life assured, the nominee/appointee/legal heir will receive a lump sum amount equal to Sum Assured, 105% of total premiums paid including top-up premiums, Total premiums including top-up premiums paid compounded at 1% p.a., or Account Value, whichever is higher.

In case of demise of the life assured (policy is in-force) without life cover, the accumulated account value is payable to the nominee/appointee/legal heir and the plan then terminates.

Maturity Benefit

On survival of the life insured till the end of the policy term, a Lump Sum amount equal to the higher of Total premiums paid, including top-up premiums less partial withdrawal made, compounded at 1% per annum as on the date of maturity or Accumulated Account Value.

Minimum Floor Rate

Minimum Floor Rate of 1.0% p.a. is declared and credited on the account value at the beginning of every quarter till maturity, surrender, death or end of quarter, whichever is earlier.

Guaranteed Additional Interest Rate

Guaranteed additional interest rate of 4% p.a for the first five policy years and 0.5% p.a on the subsequent years is declared and credited on the account value at the beginning of every quarter till maturity, surrender, death or end of quarter, whichever is earlier.

Residual Addition

Residual Addition if any, is credited from end of the 5^th policy year onwards to meet Reduction in Yield requirement, even if the plan is in Paid Up status. However, the residual addition will not be credited if the plan is discontinued within the first 5 policy and not revived.

Top-Up Premium

You may contribute additional amounts through Top-Up Premium, as per your convenience. The minimum top-up premium is Rs 500 and the maximum top-up amount allowed is equal to the total of all regular premiums paid till date.

Top-up Sum Assured is 125% of top-up premium (age at entry below 45 years) and it is 110% of top-up premium (age at entry 45 years & above)

Partial Withdrawal

Partial Withdrawal is allowed from 6^th policy years onwards. The minimum partial withdrawal amount allowed is Rs 1,000. The maximum withdrawal limit is 25% of the account value, subject to the balance amount after such withdrawal should be at least equal to 1.5 times the the one full years’ annualized regular premium.

Bonus

The plan is not eligible for the bonuses, as it is a non-participating insurance plan.

Loan Benefit

Loan benefit is not available under this plan.

Surrender Value

Upon surrendering the policy with-in the lock-in period of 5 years, the Account Value will be payable to the life assured at the end of the lock in period and the plan will be terminated immediately. Minimum Floor Rate and Additional Interest Rate is credited on the account balance.

Upon surrendering the policy after the lock-in period of 5 years, the Account Value as on the date of surrender is payable immediately.

No rider is available under this plan.

Premium Allocation Charges: This charge is deducted from the premiums paid and the balance amount is then invested under the plan. The premium allocation charge is 20% per annum for 1^st policy year and no such charge is levied from 2^nd policy year onwards. No allocation charge on top-up amount.

Policy Administration Charge: No such charge is levied under this plan.

Mortality Charges: Annual Mortality Charge is expressed in rupees per 1000 Sum at Risk. This charge is deducted every month by cancellation of units.

Fund Management Charges: No such charge is levied under this plan.

Discontinuance Charge: No such charge is levied under this plan.

Tax benefits can be availed under section 80C & 10(10D) under the Income Tax Act, subject to change in tax laws.

Rohan aged at 35 years, is looking to buy a plan that can help him accumulate wealth that can ensure financial cover for his family. He thus chooses to buy IndiaFirst CSC Shubhlabh Plan with the policy term of 15 years, annualized premium of Rs 15,000 and sum assured of Rs 1,50,000. Estimated account value is Rs 2,00,000.

Scenario A- Maturity Benefit: In case of his survival till maturity of the policy, a Lump Sum amount equal to the higher of Total premiums paid including top-up premiums less partial withdrawal made, compounded at 1% per annum as on the date of maturity or Accumulated Account Value. It also includes Minimum Floor Rate of 1.0% p.a., Guaranteed additional interest rate of 4% p.a for the first five policy years and 0.5% p.a on the subsequent years, Residual Addition if any. The maturity benefit payable is equal to total premiums paid as Rs 2,25,000 compounded at 1% per annum plus Minimum Floor Rate, Guaranteed additional interest rate & Residual Addition if any.

Scenario B- Death Benefit: In the event of his death during the policy term, the nominee/appointee/legal heir will receive a lump sum amount equal to Sum Assured, 105% of total premiums paid including top-up premiums, Total premiums including top-up premiums paid compounded at 1% p.a., or Account Value, whichever is higher.