Click 2 Achieve Par Advantage

What this product is

A participating plan with five swappable-at-inception payout structures — Lumpsum, Balanced Income, Early Income, Enhanced Income, or Guaranteed Income — that can be mixed within one policy.

You might need this if…

• You might need this if you want to split one policy across several payout styles — e.g., part guaranteed income, part lump sum — rather than buying separate plans.
• Useful for major upcoming milestones — the plan includes a Special Milestone Benefit that can pay out up to 50% of premiums paid at a chosen future occasion.
• Good if you want the option to add a spouse as a second life assured under the same policy (Additional Life option) or keep the policy running after death via Policy Continuance Benefit.
• Fits a very wide age range — entry from 30 days old up to 85 years, with policy terms from 10 to 40 years.

How it actually works

• Pick from 5 plan options (or mix them): 1) Lumpsum, 2) Balanced Income, 3) Early Income, 4) Enhanced Income, 5) Guaranteed Income (10% of sum assured annually) — each with different bonus/payout timing.
• Minimum premium is ₹25,000/year for Options 1-4, or ₹10,000/year for Option 5 alone; Single Premium starts at ₹50,000 (or ₹25,000 for Option 5).
• Death benefit = highest of a Death Benefit Multiple (roughly 5x-11x annualised premium, or 1.1x-1.25x single premium, depending on age) or 105% of total premiums paid.
• Maturity benefit = Sum Assured on Maturity + accrued bonuses (Reversionary Bonus for Option 1; Interim Cash Bonus + Terminal Bonus for Options 2-5).
• Four optional riders: Accidental Disability Income Benefit, Protect Plus, Health Plus (60 critical illnesses), Waiver of Premium.
• After 5 years you can reduce premiums by up to 50% (benefits scale down proportionally); you can also defer survival benefits, which then accrue interest at the RBI Standing Deposit Facility rate (~6.25% p.a.).

Worked example

Worth knowing before you decide

• Cash bonuses and terminal bonuses are not guaranteed — the 4%/8% illustrations show a very wide range of outcomes.
• If you opt for Policy Continuance Benefit, the terminal bonus is not payable in exchange for the policy continuing after death with waived premiums.
• Suicide within 12 months of start/revival limits payout to 80% of premiums paid or surrender value.
• Waiver of Premium riders (critical illness/disability) carry a 90-day waiting period and standard exclusions (pre-existing conditions, hazardous activities, self-harm).

Official source

⌟ Official product brochure

Learn about this category

Read the full traditional life insurance explainer → · See all traditional savings products →