Protect N Gain Whole Life

What this product is

A whole-life version of Protect N Gain, covering you until age 99 with a high minimum sum assured (₹50 lakh), designed for people who want lifelong protection bundled with market-linked wealth building.

You might need this if…

• You might need this if you want life cover that doesn't expire at retirement — coverage runs until age 99.
• Useful if you're comfortable committing to a high minimum sum assured of ₹50 lakh and want serious protection alongside investing.
• Fits if you value a declining death benefit factor structure that's understood upfront, paired with growth boosters that reward staying invested long-term.
• Good if you want multiple guaranteed "booster" mechanisms (return of charges, maturity booster, loyalty additions, cover continuance booster) layered onto your ULIP.

How it actually works

• Entry age 18-50; premium payment term 7-12 years; policy term runs to age 99; minimum sum assured ₹50,00,000.
• Death benefit is the highest of fund value, minimum death benefit, or (10x annualized premium OR death benefit factor × sum assured) plus top-ups — the death benefit factor declines from 1.0 (up to policy year 26) down to 0.1 (year 31+).
• Maturity Booster: 20% of average fund value over the last 8 quarters, added as bonus units.
• Loyalty Additions: from the year equal to (67 minus entry age), an annual 0.50% of average fund value is added as guaranteed units.
• Cover Continuance Booster: after the premium payment term ends, extra units are added monthly to help maintain fund value at least equal to the annualized premium.
• Premium allocation charge 6% (years 1-3), 3% (years 4-7), then 0%; riders available include Accidental Death & Disability, Waiver of Premium, and Health Protect.

Worked example

Worth knowing before you decide

• The death benefit factor declines sharply after policy year 26, meaning the guaranteed multiple of premium/sum assured payable on death shrinks substantially in later years — check this carefully against your protection needs.
• 5-year lock-in; no policy loans available.
• If the fund value hits zero after lock-in (having paid all premiums), the policy can foreclose with no further benefits.
• Suicide clause: only fund value payable within 12 months of inception or revival.

Official source

⌟ Official product brochure

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