Benefits
Maturity Benefit:
On survival until the end of the Policy Term, provided all due premium have been paid, you shall receive ‘Sum Assured on Maturity’ as a lump sum which is based on the Premium Payment Term, premium frequency and premium amount.
On payment of this benefit the Policy shall terminate and all other benefits shall cease.
Death Benefit:
Waiting Period of 90 days (from the date of inception of the Policy) applies to payment of Death Benefit for reasons other than accidental death. Death Benefit shall be payable as a lump sum as per the following table, provided all due premiums under the policy have been paid until the date of death.
Event/ Cause | Accidental Death | Death due to other causes | |
Death during the Waiting Period | Sum Assured on Death which is highest of:
| 100% of Total Premium paid | |
Death after the expiry of the Waiting Period | Sum Assured on Death which is highest of:
| ||
Upon payment of Death Benefit, the Policy shall terminate and no further benefits shall be payable.
