Product summary
These are Money Back type Assurance plans that provide financial protection against death throughout the term of plan along with the periodic payments on survival at specified durations during the term.
Death Benefit
The Sum Assured plus all bonuses to date is payable in a lump sum upon the death of the life assured during the policy term irrespective of the Survival benefit /benefits paid earlier.
Survival Benefits
The percentage of Sum Assured as mentioned below will be paid on survival to the end of specified durations :
- At the end of 5th year - 15% of Sum Assured paid
- At the end of 10th year - 15% of Sum Assured paid
- At the end of 15th year - 15% of Sum Assured paid
- At the end of 20th year - 15% of Sum Assured paid
- At the end of 25th year - 40% of Sum Assured paid
All bonuses declared upto the maturity date will also be paid alongwith the final survival benefit.
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