Yes, the Invest 4G offers death benefits. Like any other Life Insurance Plan, the Invest 4G also comes with the provision of death benefits. Death benefits imply that in the case of the unfortunate death of the life assured during the term of the policy, death benefits are paid to the beneficiary or nominee or the claimant as per the policy documents.
What is the quantum of death benefits paid depends on the option chosen by the life assured under the scheme. There are three benefit options. The first is Life Option. This means that the death benefit paid out is the higher amount of either a) Sum assured less partial withdrawals made during the last two years b) Fund Value as on the date of intimation of death claim c) 105% of all the premiums paid up to the date of death.
The 2nd option is Care Option and the 3rd option is Century Option. Under this option, death benefits are paid as higher of one of the following as a lump sum: a) Sum Assured b) 105% of all premiums, paid up to the date of death. Besides this, the Fund Value is paid when it reaches maturity and all future premiums are paid for by the insurer as and when due.
The third option is the Whole of Life Option. Under this option, the death benefits are equivalent to higher amount of either a) Sum Assured less partial withdrawals, if any, in the preceding two years, or b) the fund value as on the date of intimation of death claim, or c) 105% of all premiums paid up to the date of death.