In the event of policyholder's unfortunate demise before the end of the policy term, HDFC Standard Life will pay the greater of the Sum Assured (less any withdrawals made during the two-year period immediately preceding the intimation of death) and the total fund value to policyholder's family. The policy will terminate thereafter.

On the chosen maturity date, the policyholder will get the fund value and the policy terminates. However, policyholder also have the option to take fund in periodical installments over the period, which may extend up to 5 years.This is called "Settlement Option". At the end of this 5-year period, the policyholder will redeem balance units at then prevailing unit price. The policy will terminate the moment the balance of units in all the funds is below the minimum fund value.