INL Smart Total Advantage Return

A plan that provides you life insurance coverage to achieve financial stability and security for your family and also helps you with an alternate source of income to take care of your financial goals. The plan ensures that your financial goals are met, and you are able to give wings to your dreams. You can customize this plan by utilizing the various flexibilities available in the product to meet your financial objective

There are 2 plan variants available:
Life: A plan variant that helps you with a provision of a second income and lump sum at maturity or legacy planning for your next generation. You can flexibly use this option to customize various financial objectives like retirement planning & child education needs etc
Life Plus: A plan variant that provides you with benefit continuance cover, that imparts an added layer of protection, which ensures all your family’s financial objectives are met, which you had dreamt of, even in your absence.

Life Variant:
In case of unfortunate death of the Life Assured during the Policy Term, provided the policy is in-force and all due premiums have been paid as on the date of death, the nominee shall receive a lumpsum payout equal to Higher of:

a: Sum Assured on Death plus, Terminal Bonus, if any
b: 105% of Total Premiums Paid as on the date of death of the life assured.
Plus, Attached PUA, if any
Plus, balance in the Survival Benefit Account (SBA) if any.
The policy shall terminate on payment of the Death Benefit.

Life Plus Variant:
In case of unfortunate death of the Life Assured during the Policy Term, provided the policy is in-force and all due premiums have been paid as on the date of death, the nominee shall receive lumpsum payout equal to Higher of:

a: Sum Assured on Death
b: 105% of Total Premiums Paid as of the date of death of the life assured.
Plus, Attached PUA, if any
The policy shall not terminate on payment of the Death Benefit, and the beneficiary will continue to receive the Survival Benefits and Maturity Benefits, as and when due, without the requirement to pay future premiums.

Provided all due premiums have been paid by you, Cash Bonus, if any, as mentioned above will be paid to you at the end of each policy year starting from 1st Policy Year, till the end of the policy term. Additionally, a Guaranteed Loyalty Addition (GLA) will be paid to you as a one-time benefit after the completion of the premium payment term.

On survival of the Life Assured to the end of the Policy Term, provided the policy is in-force i.e., all due premiums have been paid, the following benefits will be payable:

a: Sum Assured on Maturity; plus
b: Terminal Bonus, if any; plus
c: Attached PUA, if any; plus
d: Balance in SBA, if any
where Sum Assured on Maturity is equal to Base Sum Assured