It is an anticipated endowment assurance plan which enables you to meet periodic financial requirements of your life. A three in one plan that combines savings, liquidity and protection. Fixed term of 15 or 20 years. Survival benefit payments at regular intervals.
Premiums are payable throughout the term of the policy.
On Death On the death of the life assured, the beneficiary will get the full sum assured, the guaranteed additions and the vested bonuses. Riders are the additional benefits that you can add on to your policy. You can opt for riders at the time of taking the basic policy at a marginally incremental cost. No bonuses are paid on the riders. Yes, you can discontinue your policy after premiums are paid for three years.