INL Prosper Shield Solution 

INL Prosper Shield is a customer proposition that combines two individual life insurance products:

• INL Wealth and Insurance Plan (UIN: 121L146V02) – a unit-linked insurance plan that provides life insurance protection along with an opportunity for market-linked wealth creation.

• INL Secure Shield (UIN: 121N154V01) – a non-linked, non-participating individual life insurance plan that provides life cover with terminal illness benefit during the policy term, along with Return of Premium on survival till maturity, subject to the applicable policy terms.

Together, the proposition enables customers to pursue long-term market-linked wealth creation while adding protection for their family's financial future.

No. INL Prosper Shield is a combination of two individual insurance products – INL Wealth and Insurance Plan and INL Secure Shield.
Both products are also available for sale individually without the combination offered/suggested under INL Prosper Shield. The benefits under each product are governed by the respective product's terms and conditions.

INL Prosper Shield brings together key benefits of the two individual products, including:

• Opportunity for long-term market-linked wealth creation through INL Wealth and Insurance Plan.

• Loyalty Additions and Wealth Boosters starting from the 6th policy year and every 5th year thereafter, customers receive Loyalty Additions with increasing benefits, while additional Wealth Boosters are added from age 65 years and every 5th year thereafter, helping enhance the overall maturity corpus.
• INL Secure Shield provides additional life cover along with a Terminal Illness Benefit, offering added financial protection for you and your family.
• Return of Premium under INL Secure Shield on survival till maturity, subject to applicable terms and conditions.
• Choice of available investment funds under INL Wealth and Insurance Plan
  Return of Premium Allocation Charges: Total Premium Allocation Charges are returned at the end of the 15th policy year, while Return of Mortality Charges starts from the 15th policy year and continues every 5th year thereafter.

All benefits are subject to the terms and conditions of the respective products.

Maturity benefits under the two individual products are determined separately in accordance with their respective policy terms.
Under INL Wealth and Insurance Plan, the applicable maturity benefit is payable as per the Fund Value.
Under INL Secure Shield, on survival till maturity, 100% of premiums paid are returned, excluding extra premium and taxes, provided no claim has occurred during the policy term and subject to the applicable policy terms.

On survival till maturity, INL Secure Shield provides 100% of premiums paid, excluding extra premium and taxes, provided no claim has occurred during the policy term and subject to the applicable policy terms.
The Return of Premium benefit pertains specifically to the INL Secure Shield component of the INL Prosper Shield proposition.

The investment component under INL Prosper Shield is market-linked and investment returns are not guaranteed.
The value of units may go up or down depending on the performance of the selected fund(s) and prevailing market conditions. The investment risk in the investment portfolio is borne by the policyholder.
 

No. The premiums for the two products work differently.
The premium paid towards INL Wealth and Insurance Plan is invested in the fund(s) chosen by the customer, after applicable charges, as per the policy terms.
INL Secure Shield is a non-linked product, so its premium is not invested in market-linked funds.
The two products have separate premiums, benefits and terms and conditions.
 

Customers should consider their protection needs, financial goals, investment horizon and risk appetite before opting for the proposition.
Since INL Prosper Shield combines a unit-linked product with a non-linked protection product, customers should understand the features, benefits, risks, charges, exclusions and terms and conditions of both individual products before making a purchase decision.