o Guaranteed returns based on Highest NAV (recorded on 100 reset dates)
o Payment term of 3 years and life cover for 10 years
o Flexibility to reduce premiums from 2nd year onwards*
o Choose your coverage amount between 5 times and 60 times the annualized premium.
o Avail tax benefits under section 80 C for premiums paid and under section 10(10D) for maturity
* Subject to minimum premium annualized of Rs. 90,000; from second year onwards
| Age at entry | 18 years to 70 years |
| Maturity Age | 80 years |
| Sum Assured | Between 5 times and 60 times the Annualized premiums |
| Policy term/ Premium Payment Term | 10 years/ 3 years respectively (Annual Premium mode only) |
| Guaranteed Benefits | Highest Net Asset Value (NAV)** recorded upon 100 resets dates |
| Death Payout | Fund Value or Sum Assured net of all deductible*** partial withdrawals, whichever is higher |
| Maturity Benefit | Higher of fund value (at current unit prices) OR Guaranteed Maturity Unit price multiplied by the number of units in the Apex Return Lock in fund. |
| Riders | Tata AIG Life Critical illness (Lumpsum Benefit) rider (UIN: 110C012V01) Tata AIG Life Accidental Death Benefit Rider (UIN: 110C003V01) Tata AIG Life Accidental Death & Dismemberment Benefit (long Scale) Rider (UIN: 110C004V01) |
| Partial Withdrawals | Allowed after 3 years from the date of issuance of policy and until policy is revived in case of lapsed policy. |
| Features | How it works | Benefits |
|---|---|---|
| Guaranteed Maturity Unit Price | On maturity, the highest unit price in the Apex Return Lock-in fund recorded over 100 reset dates# is guaranteed | Gives you the highest possible returns on your investments and stabilizes growth in case of market volatility. |
| Limited Premium Payment Term | The premium payment term is 3 years while the policy provides coverage for a period of 10 years. | Achieve your dreams by paying just for 3 years. |
| Flexible premium payment options | You can choose to decrease the premiums paid in subsequent years, subject to a minimum annualized premium of Rs. 90,000. | Helps in keeping the policy going during contingencies.. |
| Access to your investment | Partial withdrawals are allowed after completion of 3 policy years from the date of issuance of policy or until the policy is revived in case of lapsed policies.. | You have the flexibility to access your investment if you urgently need money.. |
| Name of Fund | Apex Investment Fund | Apex Return Lock-in Fund |
|---|---|---|
| Structure | Can invest in money market & cash instruments (0-100%) and debt instrument (0-100%) | Can invest in money market & cash instruments (0-100%), debt instrument (0-100%) & equity and equity related securities (0-100%). |
| Fund Objective | To provide capital protection with a high level of safety and liquidity through judicious investment in high quality short-term debt. To generate better returns with low level of risk through investment is fixed interest securities having short term maturity profile.. | To use the participation in an actively managed well diversified equity portfolio of large cap companies to generate capital appreciation and use high credit quality debt instruments to lock-in that capital appreciation.. |
| Fund Management Charge | 0.9% (may increase up to 1.5%) per annum. | 1.45% % (may increase up to 2%) per annum.. |
| Net Asset Value (NAV) per unit or Unit Price | As specified in the Fund Valuation provisions.. |
