1) This plan is similar to a mutual fund providing market-linked returns with an added advantage of having no down side risk of capital erosion.

2) Choice of type of investment fund available based on his risk appetite. While for 10 years plan, policyholder can choose from Protector, Builder or Enhancer options for 5 years plan only Protector option is available.

3) Premium paid is invested in the fund chosen after deducting the administrative and other expenses.

4) Policy fund is expressed in terms of units. Net Asset Value per unit of each investment fund is announced at least once in a week.

5) Policyholder can surrender the policy and receive Policy fund cash value. However if the policy is surrendered in the first policy year, a surrender charge of 25% of the premium paid is applicable.

6) Premiums paid under the policy are eligible for tax rebate under section 88 of IT Act 1961. Further benefits paid under the policy are entirely tax free under section 10 (10D).