Features
• This is a with-profits whole of life plan which provides for annual survival benefit at a rate of 5½ % of the Sum Assured after the chosen Accumulation Period.
• The vested bonuses in a lump sum are payable on survival to the end of the Accumulation Period or on earlier death.
• The Sum Assured, along with Loyalty Additions, if any, is payable on survival to age 100 years or on earlier death.
• It offers three Accumulation periods – 10, 15 and 20 years. A proposer may choose any of them.
• Premiums can be paid regularly at yearly, half-yearly, quarterly or monthly intervals or through salary deductions over the Accumulation Period.
• A Single Premium can also be paid on commencement of a policy.

Survival Benefits

Features
This is the best form of life assurance for family provision since it enables the Life Assured to pay the premium during the ordinarily vigorous and most productive years of life, relieving him from the necessity of making payments later in life when they might become a burden.

With Profits Single Premium policies do not cease to participate in profits after completion of the period for which premium has been paid, but continue to share in the periodical Bonus Distribution until the death of the Life Assured.

Suitable For
This plan is suitable for people of all ages and social groups who wish to protect their families from a financial crisis that may occur due to their Death.

Benefits

Bonuses

Features
This is the best form of life assurance for family provision since it enables the Life Assured to pay all the premiums during the ordinarily vigorous and most productive years of life. He need not pay any premium in the later stages of life if and when his conditions might become adverse.

With Profits Limited Payments Policies do not cease to participate in profits after completion of the premium paying period but continue to share in the periodical Bonus Distribution until the death of the Life Assured.

If the policyholder pays at least 3 years' premiums and then discontinues paying any more premium, a reduced paid-up assurance policy comes into force.

Features:
This plan is mainly devised to create an estate for the heirs of the policyholder as the plan basically provides for payment of sum assured plus bonuses on the death of the policy holder, The payment of sum assured plus bonuses are provided in the form of maturity claim on completion of age 80 years or on expiry of term of 40 years from date of commencement of the policy whichever is later.

The premiums under the policy are payable up to age 80 years of the policyholder or for a term of 35 years whichever is later.