PLAN BENEFITS IN DETAIL:
On survival till Maturity (till the end of the policy term Total Premiums Paid (excluding loading for modal premiums) will be returned.
Death Benefit payable is as below:
Basic Sum Assured
10 times the Annualized Premium
105% of the Total Premiums Paid up to the date of death
Maturity Sum Assured
Where, the “Maturity Sum Assured” refers to the absolute amount of benefit which is guaranteed to become payable on maturity of the policy.
“Annualized premium” shall be the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any
Total Premiums paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.