Product summary:
- This plan is a combination of Endowment Assurance and Whole Life plans.
- It provides financial protection against death throughout the lifetime of the life assured with the provision of payment of a lump sum at the end of the selected term in case of his survival.
Premium:
- Premiums are payable yearly, half-yearly, quarterly, monthly or through salary deductions as opted by you throughout the selected term of the policy or till earlier death.
Bonuses:
- This is a with-profit plan and participates in the profits of the Corporation’s life insurance business.
- It gets a share of the profits in the form of bonuses.
- Simple Reversionary Bonuses are declared per thousand Sum Assured annually at the end of each financial year.
- Once declared, they form part of the guaranteed benefits of the plan.
- Bonuses will be added during the selected term or till death, if it occurs earlier.
- Final (Additional) Bonus may also be payable provided the policy has run for certain minimum period.
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