Under Single Premium
Maximum of sum assured reduced by partial withdrawals within two years immediately preceding the death of the life assured or the fund value on the date of receipt of intimation in writing in a office of Sahara India Life Insurance Company Ltd.

Under Regular Premium-
If all due premiums are paid i.e. policy is inforce -
Maximum of sum assured reduced by partial withdrawals within two years immediately preceding the death of the life assured or the fund value on the date of receipt of intimation of death in writing in the office of Sahara India Life Insurance Co. Ltd;
If all due premiums are not paid but the period from the date of first unpaid premium to the date of death is less than two years (revival period):
:

1. If at least 3 years premiums have been paid -
   Maximum of sum assured reduced by partial withdrawals within two years immediately preceding the death of the life assured or the fund value on the date of receipt of intimation of death in writing in the office of Sahara India Life Insurance Co. Ltd;
    
2. If premium for less than 3 years have been paid - Fund Value
    

If all due premiums are not paid and the period elapsed from the date of first unpaid premium to the date of death is more than two years and policyholder has opted for continuation of the risk (If the policyholder had not opted for continuation of the risk, the surrender value, as per rules was payable):

Maximum of sum assured reduced by partial withdrawals within two years immediately preceding the death of the life assured or the fund value on the date of receipt of intimation of death in writing in the office of Sahara India Life Insurance Co. Ltd;

Surrender Value
The policy will acquire surrender value if single premium or one full year's premium is paid under the policy but surrender value will be payable only after three years from the date of commencement of the policy. The surrender value payable depending on duration under Single premium and number of years premiums paid under Regular premium is given below :

Single Premium
 

Partial Withdrawal is allowed subject to the following conditions:

1. Partial Withdrawal is allowed after three years from the date of commencement of risk subject to the life assured having attained majority (i.e. on or after attainment of age of 18 years).
    
2. Maximum partial withdrawal is 50% of fund value subject to the condition that minimum balance in the fund after partial withdrawal should be 150% of annualized premium under regular premium policy & Rs 35000 under single premium policy.
    
3. Minimum partial withdrawal amount is Rs. 2,500.
    
4. Minimum period elapsed between two partial withdrawals should be one year.
    
5. The policy should be in force having paid all due premiums.
    
6. There is no charge applicable for partial withdrawal.
    

Benefits payable during minority of the Life Assured

• If a claim arises during the minority of the Life Assured the payments are made to the Proposer of the policy and in his absence to the estate of the Proposer.
  
  
• On the life assured becoming major i.e. 18 yrs old, the policy automatically vests in him.

What are the premium rates for the rider?
Indicative Annual Premium Rates per 100 premium to be waived are as under:
Premium paying term of the base plan                     21 years
Term of Premium Waiver Rider                                21 years
Premium paying term of Premium Waiver Rider        21 years

Age	Premium (Rs.)
20	2.10
25	2.20
30	2.50
35	3.40
40	5.20

Exclusions for the Rider
Suicide Clause
Rider shall be void and all monies paid under the rider shall be forfeited to the Company and premiums under the base policy shall not be paid by the company in case proposer commits suicide (whether sane or insane at the time) at any time on or after the date on which the risk under the rider has commenced but before the expiry of one year from the date of this rider policy.