This is the most popular plan among all insurance plans. It provides family protection as well as old age provision at an affordable premium. This policy is suitable for all categories of people. Sum assured is payable either on survival to the term or on death occuring within the term. Bonus for the full term is payable on the date of maturity or in the event of death, whichever is earlier.
Premiums cease on death or on expiry of term whichever is earlier.