What are the benefits of the policy?
Sum Assured is payable on death during the term of the policy if the policy is in force.
There is no maturity benefit under this policy.

What are the modes available for payment of premium?
yearly, half-yearly, quarterly, monthly (direct debit and group billing only)

What are the rebates available?
For yearly & Half-yearly mode of premium payments rebate of 3% and 1.5% respectively.

Grace period for non-forfeiture provisions
Grace period of 30 days irrespective of any calendar month will be allowed for payment of yearly, half yearly and quarterly premiums and 15 days in monthly mode of premiums. In case premium is not paid within the grace period and if death occurs within this period, the policy will be still valid and the sum assured shall be paid to the claimant after deduction of outstanding premiums falling due before the next policy anniversary.

What happens if the payment of premiums is discontinued?
The Policy shall lapse on the expiry of the grace period. The policy can be revived within a period of five years from the due date of first unpaid Premium.

Can the policy be surrendered?
There is no Surrender Value under this policy.

Is loan available?
No loan is available under the plan.

Premiums
We give below premiums (in Rupees) payable under annual mode for sum assured of Rs. 5,00,000 for some specific ages and terms:

The plan covers only death benefit and sum assured is available on death during the term of the policy, if the policy is in force.