Policy Option:
 

• Option A: Level Cover
  • This plan option provides a level cover throughout the policy term.
  • Death Benefit is payable as a lump sum if life assured dies during the policy term.
  • Death benefit shall be highest of :
    1. Total Sum Assured less partial withdrawals* made, if any (as detailed below), where Total Sum Assured is Basic Sum Assured plus any additional Sum Assured in respect of Top-ups; or
    2. Fund value, or
    3. 105% of Total Premiums Paid
  • Maturity Benefit : On survival of the Life Assured till the Maturity Date, subject to Policy being in-force on the Maturity Date, the risk cover shall cease and Fund Value at Maturity plus Loyalty Additions payable at Maturity shall be payable to the policyholder as the maturity benefit.
     
• Option B: Level Cover with Capital Guarantee
  • This plan option provides a level cover throughout the policy term. The policyholder gets a Capital Guarantee in the form of minimum assured benefit on maturity.
  • Death Benefit is payable as a lump sum if life assured dies during the policy term.
  • Death Benefit shall be the highest of the following:
    1. Total Sum Assured less partial withdrawals* made, if any (as detailed below), where Total Sum Assured is Basic Sum Assured plus any additional Sum Assured in respect of Top-ups; or
    2. Fund value, or
    3. 105% of Total Premiums Paid
  • Maturity Benefit: On survival of the Life Assured till the Maturity Date, subject to Policy being in-force on the Maturity Date, the risk cover shall cease and plus Loyalty Additions payable at Maturity Benefit shall be payable to the policyholder
     
• Option C: Decreasing Cover
  • Under this plan option, the cover would decrease every policy year, subject to the ‘Level Cover Period’, chosen by the policyholder at policy inception.
  • Death Benefit is payable as a lump sum if life assured dies during the policy term.
  • Death Benefit shall be the highest of the following:
    1. Total Sum Assured less partial withdrawals* made, if any (as detailed below), where Total Sum Assured is Sum Assured applicable in the year of death plus any additional Sum Assured in respect of Top-ups; or
    2. Fund value, or
    3. 105% of total Premiums paid
  • Maturity Benefit: On survival of the Life Assured till the Maturity Date, subject to Policy being in-force on the Maturity Date, the risk cover shall cease and Fund Value at Maturity plus Loyalty Additions payable at Maturity, shall be payable to the policyholder, as the maturity benefit.
     
• Option D: Decreasing Cover with Capital Guarantee
  • Under this plan option, the cover would decrease every policy year, subject to the ‘Level Cover Period’, chosen by the policyholder at policy inception. This option also provides Capital Guarantee in the form of minimum Assured Benefit on maturity
  • Death Benefit is payable as a lump sum if life assured dies during the policy term.
  • Death Benefit shall be the highest of the following:
    1. Total Sum Assured less partial withdrawals* made, if any (as detailed below), where Total Sum Assured is Sum Assured applicable in the year of death plus any additional Sum Assured in respect of Top-ups; or
    2. Fund value, or
    3. 105% of total Premiums paid
  • Maturity Benefit: On survival of the Life Assured till the Maturity Date, subject to Policy being in-force on the Maturity Date, the risk cover shall cease and Maturity Benefit shall be payable to the policy holder.