Policy Analysis

Participation in Profits

The policy participates in profits of the corporation and shall be entitled to receive Simple Reversionary Bonuses declared as per the experience of the corporation during the policy term provided policy is in-force. Final Additional Bonus may also be declared under the policy in the year when the policy results into a claim by death during the policy term or due for the maturity benefit provided the policy is in force. Final Additional Bonus shall not paid in case of paid-up policies

Death Benefit

On Death during the policy term i.e. before the date of maturity:

Sum Assured plus Simple Reversionary Bonuses and Final Additional Bonus, If any. Sum Assured is defined as higher of 125% of Basic Sum Assured or 7 times of annualised premium. This Death benefit shall not be less than 105% of total premuims paid up to the date of death.

On Death after the expiry of the policy term i.e. from maturity date: Basic Sum Assured shall be payable

Maturity Benefit

On Life Assured surviving to the end of the policy term, provided the policy is in-force. "Sum Assured on Maturity" along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable; where "Sum Assured on Maturity" is equal to Basic Sum Assured