Notice Period will be allocated entirely to the chosen 'Target STO Fund' (either of India Multi-Cap Equity Fund
or Equity II Fund or Emerging Leaders Equity Fund) unless otherwise specified by You. If you choose this
option later in the Policy Term, then any amount remaining in other than STO Funds will continue to remain
invested in those Unit Linked Funds. If you give the request for Premium redirection or to change to monthly
Premium payment mode, then such request will make STO ineffective. Once STO ceases to exist, your future
Premiums will continue to be invested in chosen 'Target STO Fund' unless otherwise specified by you.
10. Return Protector Option (RPO): RPO cannot be chosen simultaneously with either STO or AFR except SSO. If
You have opted for SSO then during the last 4 Policy Years, RPO will cease and SSO will become operational.
While RPO is operational, request for Premium redirection, partial withdrawal or switching will make RPO
ineffective. If you opt out of RPO or RPO ceases to exist, all Your future Premiums will continue to be invested
into chosen 'RPO Fund' (either of India Multi-Cap Equity Fund or Equity II Fund or Emerging Leaders Equity
Fund) unless otherwise specified by You and you cannot re-opt for it again during the Policy Term. RPO will not
be applicable once the Policy moves into Discontinuance before the end of Lock-in Period. However RPO will
automatically become operational on revival of the Policy. RPO will continue to be active during Paid-up state
or where the Policy is within its Revival Period (i.e. 2 years from the date of discontinuance of the Premium)
due to non-payment of Premium after the end of Lock-in Period. The automatic switches into Debt Fund from
'RPO Fund' during the operation of the RPO will not be counted as switches. There could be a situation beyond
control of the Company where realization of gain and switching of the gains into Debt Fund may not be
possible and for that Company would not liable to pay any compensation.
11. Auto Funds Rebalancing (AFR): AFR cannot be chosen simultaneously with either RPO or STO except SSO. If
You have opted for SSO then during the last 4 Policy Years, AFR will cease and SSO will become operational.
While AFR is operational, request for Premium redirection or switching will make AFR ineffective. In case of
partial withdrawal, the AFR will be applicable on the balance of the Fund Value remaining in the Policy after
withdrawal. Once AFR is operational your Premium(s) will continue to be invested into the same proportions
as chosen by You while opting in for AFR. AFR will not be applicable once the Policy moves into Discontinuance
before the end of Lock-in Period. However AFR will automatically become operational on revival of the Policy.
Premium(s) paid for revival of Policy will be invested in the same proportions as chosen by You while opting in
for AFR. AFR will continue to be active during Paid-up state or where the Policy is within its Revival Period (i.e.
2 years from the date of discontinuance of the Premium) due to non-payment of Premium after the end of
Lock-in Period. The automatic switches in order to affect the auto rebalancing into the chosen allocation
proportions will not be counted as switch.
12. Safety Switch Option (SSO): You can choose this option simultaneously with either of RPO or STO or AFR. If
You have opted for SSO then during the last 4 Policy Years, RPO or STO or AFR if operational will cease and SSO
will become operational. In case of partial withdrawal, the SSO will be applicable on the balance of the Fund
Value remaining in the Policy after withdrawal. In case SSO is chosen and operational then SSO will become
ineffective once the request for redirection is made. However, if SSO is opted but not operational, redirection
can be exercised without impacting SSO. Switching is allowed among the Unit Linked Funds other than Liquid
Fund. Switching in or out of the Liquid Fund will cause the SSO to cease. However, the automatic switches in
order to effect the SSO will not be counted as switch.
13. If the Safety Switch Option (SSO) is opted but not operational, switching can be exercised without impacting
SSO. You can opt out of SSO even in the last 4 Policy Years.
The total Fund Value (including the amounts in Liquid Fund and in other Unit Linked Funds) will be rebalanced
four times at yearly intervals only at the beginning of each of the last 4 Policy Years, such that the proportion of
Unit Linked Funds is as mentioned in the table given earlier under Safety Switch Option Section. Therefore,
the Unit Linked Funds in the “other than Liquid Fund” category will remain in the same proportion both before
and after the exercise of Safety Switch Option.
14. Settlement Option: You can opt for this option any time at least 3 months before the end of the Policy Term.
You can choose Monthly, Quarterly, Half yearly or Yearly frequency for installment payouts. All investment
risk related to NAV movements will be borne by you. The first installment will start from the date of maturity
and units from the applicable Unit Linked Funds will be cancelled at the time of installment payouts. There
are no charges other than Fund Management Charges during the settlement period. Switching and Partial
withdrawal will not be available during this period. In case of death of the Life Assured during the settlement
period, the remaining Fund Value as on the date of registration of death claim will be paid to the Claimant. No