Benefits

Provided the policy is in force during the term of the contract the following benefits are payable.
1.Survival Benefits: For 9 Years Policy Term 15% of the Sum Assured is payable at the end of 3 years.
25% of the Sum Assured is payable at the end of 6 years.
60% of the Sum Assured is payable together with Guaranteed Additions, and Loyalty Addition, if any, at the end of 9 years.

For 12 Years Policy Term. 10% of the Sum Assured is payable at the end of 3 years..
20% of the Sum Assured is payable at the end of 6 years..
30% of the Sum Assured is payable at the end of 9 years.
40% of the Sum Assured is payable together with Guaranteed Additions, and Loyalty Addition, if any, at the end of 12 years..

2. Death Benefit: In case of death of the life assured during the policy term, the full sum assured is payable irrespective of the survival benefits paid earlier.

• On death during the policy term excluding last policy year: Sum Assured with accrued Guaranteed Additions
• On death during last policy year: Sum Assured with accrued Guaranteed Additions along with Loyalty Addition, if any.

 

3. Guaranteed Addition : The policy provides for Guaranteed Addition at the following rates:

• Rs. 65 per thousand Sum Assured per year for a policy of 9 years term.
• Rs. 70 per thousand Sum Assured per year for a policy of 12 years term.

 

4. Loyalty Addition:
Depending upon the Corporation's experience the policy will be eligible for Loyalty Addition on the Life Assured surviving the stipulated date of maturity or on the Life Assured's death during the last policy year at such rate and on such terms as may be declared by the Corporation.