This plan provides for payment of the sum assured and bonuses on death of the policy holder and hence, aims at providing for the heirs of the policy holder.
You will be required to pay the premiums till the age of 80 years or for a period of 35 years, whichever is later.
This plan is suitable for all age groups and professions as it aims at safeguarding the family’s future on the death of the life assured.
This is a with profits plans and thus, gets a share from the corporation’s business and this profit is given to you in the form of a bonus on your policy. In case the life assured dies during the policy term, the sum assured along with the bonuses will be paid. and since this is a whole life plan, there is no maturity however, if you have attained the age of 80 years after the policy has finished 40 years, you can ask for the sum assured along with the bonus.
- Flexible premium paying terms
- Surrender value available
- Sum assured wit bonus paid to nominees or heirs in case the policy older dies.