Basically it is an Endowment Assurance with profit contract w Built in option to mature early. 
The salient features of the plan are:

1. Term of the plan: The term of the plan will be 40 years or up age 70 whichever is less.

2. Entry Age: This plan is open to persons aged 20 to 45 years bz not over 45 years.

3. Bonuses: This plan will participate in the surplus of State Lift alongwith other with profits policies. 
  The rate of bonus will be that applicable to the Endowment Assurance for corresponding term.

4. Original Term Maturity Bonus: This plan entitled to an additional bonus if the maturity option has not been 
   exercised. The original term maturity bonus is payable at death after 20 years or at maturity 
   (i.e. at the end of the original term).

   If only part of the sum assured has been matured at optional maturity date, the original term maturity 
   bonus will be payable on the sum assured remaining inforce after the exercise of the maturity option.
					
5. Option for Early Maturity: After the policy has been inforce for 20 years or more, the policyholder can 
   mature the policy for a proportionately reduced sum assured. The proportionately reduced sum assured will
   bear the same ratio to original sum assured, as the duration of the policy bears to the original term

   For example, if the original term of the policy is 40 years with sum assured Rs. 1,00,000 and the 
   policyholder exercises the option for maturity, after the policy has been inforce for 20 years, 
   the proportionately reduced sum assured will be 20/40x100,000-Rs. 50,000.

   All existing bonuses will be replaced by those applicable from inception to the reduced sum assured and 
   reduced term to option date. 
	After the reduced sum assured and bonuses have been paid as a result of early maturity option, no further 
	benefits will be payable under the policy.

	Surrender Value: The policy will acquire a surrender value provided at least two years' premium have been paid.

Please Fill Below Form for Customise Details