Benefits

A)Death Benefit:

On death during the first policy year: Basic Sum Assured with Guaranteed Addition.

On death during the policy term after first policy year, excluding last policy year: 1/3rd of Basic Sum Assured with Guaranteed Addition.

On death during last policy year: 1/3rd of Basic Sum Assured with Guaranteed Addition along with loyalty addition, if any
 

B)Maturity Benefit:

On maturity, the maturity Sum Assured along with Guaranteed Addition and Loyalty Addition, if any, shall be payable.
Maturity Sum Assured shall be 1/6th of Basic Sum Assured.

 

C)Guaranteed Addition:

The policy provides for Guaranteed Addition at the following rates:

• Rs. 100 per thousand Maturity Sum Assured per year for a policy of 10 years term.
• Rs. 90 per thousand Maturity Sum Assured per year for a policy of 5 years term.

 

D)Loyalty Addition:

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