This policy is categorized under the endowment assurance plan
which provides financial protection against death throughout the policy term wherein, the assured amount will be paid at the end of the maturity period.
The main highlight of this plan is no age extra is charged, as self declaration of age is accepted if the term selected is 20 years and age is less than 40 years.
If the premiums are paid continuously for 2 years and then after premiums are unpaid for next 3 years than too risk cover will continue during lapsesation period.
- Accident benefit is available
- Surrender value shall be received in case the policy is terminated before it matures.
- Guaranteed surrender value equivalent to 30% of premiums paid after the first year.