Life Shield

1. Death Benefit (Benefit payable on death of the Life Assured during the policy term) Your nominee/legal heir will receive the Sum Assured (as chosen by you at inception). The policy will terminate on death.
2. Terminal Illness Benefit (Benefit payable in case the Life Assured is diagnosed with Terminal Illness during the policy term)
   1. If the Sum Assured chosen is lesser than or equal to `2 crores, We will pay the Sum Assured (as chosen at inception) and the policy will terminate
      
      Or,
      
      
   2. If the Sum Assured chosen is greater than `2 crores, we will pay `2 crores and the policy will continue with the balance Sum Assured, i.e. (Sum Assured less 2 crores). This balance Sum Assured will be payable on death of the Life Assured, and the policy will terminate on death of Life Assured.
      
      _{Note: The sum assured will include any Life-Stage Upgrade sum assured under the policy. Terminal Illness Benefit is not an additional Benefit. It is an acceleration of Death Benefit and is included in the Sum Assured on Death.}
3. WOP Benefit on ATPD/TI We will waive off any future premiums under the policy
   1. If the Life Assured is diagnosed with Accidental Total Permanent Disability (ATPD),     the policy will continue for existing Death benefit & Terminal Illness Benefit.
      
      Or,
      
      
   2. If the Life Assured is diagnosed with Terminal Illness (TI) & chosen Sum Assured is greater than Rs 2 crores, the policy will continue for remaining Death Benefit

Life Shield ROP

1. Death Benefit (Benefit payable on death of the Life Assured during the policy term) Your nominee/legal heir will receive the Sum Assured (as chosen by you at inception). The policy will terminate on death.
2. Terminal Illness Benefit (Benefit payable in case the Life Assured is diagnosed with Terminal Illness during the policy term)
   1. If the Sum Assured chosen is lesser than or equal to `2 crores, we will pay the Sum Assured (as chosen at inception), and the policy will terminate
      
      Or,
      
      
   2. If the Sum Assured chosen is greater than `2 crores, we will pay `2 crores and the policy will continue with the balance Sum Assured, i.e. (Sum Assured less 2 crores). This balance Sum Assured will be payable on death of the Life Assured, and the policy will terminate on death of Life Assured.
      _{Note: Terminal Illness Benefit is not an additional Benefit. It is an acceleration of Death Benefit and is included in the Sum Assured on Death.}
3. WOP Benefit on ATPD/TI We will waive off any future premiums under the policy in case
   1. If the Life Assured is diagnosed with Accidental Total Permanent Disability (ATPD), the policy will continue for existing Death benefit & Terminal Illness Benefit.
      
      Or,
      
      
   2. If the Life Assured is diagnosed with Terminal Illness (TI) & chosen Sum Assured is greater than `2 crores, the policy will continue for remaining Death Benefit.
      
      If the Life Assured survives till the end of Policy Term, Maturity Benefit will be payable.
4. Maturity Benefit
   1. Benefit payable if the Life Assured survives till date of maturity and if no claims have been paid before date of maturity - You will receive an amount equal to total premiums* paid, as a one-time lump sum on the date of maturity, and the policy will terminate
   2. Benefit payable if Terminal Illness Benefit has been paid before the date of maturity – You will receive Maturity Benefit equal to [1 - (Sum Assured on TI/Sum Assured on Death)] * Total Premiums paid and will be paid out on the maturity date.