The Death or Accelerated Cancer Benefit is payable in case of death or the first diagnosis of cancer of the life assured (subject to a waiting period of 180 days). In case such an event happens before the maturity date, the Death / Accelerated Cancer Benefit is payable to the nominee as a lump sum. It includes the higher of the sum assured or regular premium fund value, plus the higher of top-up premium sum assured or top-up premium fund value, if any, and Income Benefit, if the death or the diagnosis of cancer happens during the premium payment term.
In case the life assured passes away or is diagnosed with cancer after the premium payment term, the Death / Accelerated Cancer Benefit includes the higher of the sum assured or regular premium fund value and the higher of top-up premium sum assured or top-up premium fund value, if any.