LifeGuard is a cost effective plan, act as a shield that protects your family from financial insecurity.

Features and Benefits:
Death Benefit: The sum assured will be paid to the beneficiary in case of death of the life assured
Extended Life Cover: It also offers a unique feature of extended life cover for 5 yrs after maturity of policy.
Additional Riders: Protect your family from accidents and disability by adding on the Accident and Disability Benefit Rider (ADBR) and the Waiver of Premium Rider (WOPR).
• ADBR: The rider benefit amount will be paid to your family in the event of death or disability due to an accident.
• WOPR: In the case of total and permanent disability due to an accident, all further premiums will be waived and policy benefits will continue.
Tax Benefits: Receive tax deductions on premium paid
Maturity Benefits: Invest in LifeGuard with Return of Premium plan and receive all the premiums you have paid, when your policy matures.

It comes in three variants:
(1) Level Term Assurance.
(2) Level Term Assurance with return of premium (life cover with maturity benefit).
(3) Single Premium (premium at policy inception, cover till policy matures).

(1) Level Term assurance
• The sum assured will be paid to the beneficiary, in case of death of the life assured.
• There are no maturity benefits
• The regular annual premium needs to be paid for the term chosen.
• You will be provided life cover equal to sum assured.

Eligibility
Age: 18 – 55 yrs
Minimum Term: 5 yrs
Maximum Term: 30 yrs subject to max of 65 yrs of age
Minimum Premium Payable: Rs 2,400 per annum

(2) Level Term Assurance with return of Premium
• The sum assured will be paid to the beneficiary, in case of death of the life assured.
• On survival till maturity all the premiums paid will be returned.
• The regular annual premium needs to be paid for the term chosen. The Premium can be paid monthly, half yearly & annually.
• You will be provided life cover equal to sum assured max up to 10 lakhs.

This plan also offers a unique feature of extended life cover for 5 yrs after maturity of policy, of 50% of sum assured without any further payment of prem.

Eligibility
Age: 18 – 55 yrs
Minimum Term: 10 yrs
Maximum Term: 30 yrs subject to max of 65 yrs of age
Minimum Premium Payable: Rs 2,400 per annum

(3) Single Premium
• A single premium needs to be paid for the term chosen
• The min sum assured is Rs 2.5 lakhs and max is Rs 10 lakhs
• The sum assured will be paid to the beneficiary, in case of death of the life assured
• There are no maturity benefits.

Eligibility
Age: 18 – 55 yrs
Minimum Term: 3 yrs
Maximum Term: 15 yrs subject to max of 65 yrs of age