Whole Life Insurance Policy Salient Features Whole Life Insurance Policy provides the essential financial security. It provides a guaranteed death benefit in addition to which it also builds Cash Surrender Value that accumulates in the policy. Cash Surrender Value can be accessed even while the policy is in existence to meet any unforeseen needs. Offers two options Participating and Non-Participating. Participating Whole Life Policy is eligible for bonuses, whereas the Non-Participating one is not.
Benefits Provides protection for life with a guaranteed death benefit.
Policy acquires Cash Surrender Value after 3 years' premiums have been paid. Loan can be taken against this policy once it acquires Cash Surrender Value. A fixed premium is paid throughout the life. These Riders can be attached to the base policy at the time of buying the Policy or anytime later, subject to meeting certain conditions. One or more of the following Riders can be attached to the Policy as per your needs.