INL Smart Zindagi Plus

INL Smart Zindagi Plus helps you plan for every stage of life with disciplined savings and long-term protection. By paying premiums for a chosen period, you secure life cover for your family while your savings grow through bonuses. At maturity, you receive a lump sum to support important life goals and retirement needs. - Write about cash bonus also which he recieves from yhe end of first year till maturity.

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 Claimant(S) shall receive following benefits as lumpsum, based on the variant chosen:

Higher of:
Sum Assured on Death plus Attached PUA, if any, plus Terminal Bonus, if any or

105% of Total Premiums Paid, as on the date of death of the Life Assured
Where, Sum Assured on Death is defined as higher of 11 times the Annualized Premium or Base Sum Assured chosen by the Policyholder at inception of the policy.

Provided a policy is in-force i.e. all due premiums have been paid. Cash bonuses, if any at the rate declared by the company, shall be payable at the end of each policy year till end of the policy term.

The Policyholder has following two options with respect to Cash Bonus:

1. Immediate Payout: Cash bonus, if any, is paid to the Policyholder


2. Convert into Paid Up Addition (PUA): Cash Bonus, if any, is converted into PUA by multiplying Cash Bonus with corresponding applicable PUA Conversion Factor.

The Policyholder can select one of the above options at proposal stage. However, the Policyholder will have the choice to change the option from Immediate Payout to PUA or vice-versa at any time during the Policy 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:

• Sum Assured on Maturity; plus
• Terminal Bonus, if any; plus
• Attached PUA, if any

Where Sum Assured on Maturity is equal to Base Sum Assured.

The policy terminates on payment of the maturity benefit.