Minimum SIP instalment: Monthly SIP of ₹ 1,000/- and in multiples of ₹ 1/-. If SIP instalment amount is less than ₹ 1,000/-, investor would not be eligible for insurance cover and SIP would be registered as regular SIP.
Minimum Period of Contribution: 3 years and in multiples of 1 month thereafter
Maximum Period of Contribution: No upper limit for SIP tenure. The investor can opt for Perpetual SIP also. However, the insurance cover ceases when the investor attains 55 years of age or upon the withdrawal/switch of the investment amount in part or full whichever is earlier.
Mode of payment of SIP instalments is only through Direct Debit & Nach (Post Dated Cheques shall not be accepted)