Maturity Benefits
At maturity, you get the higher of:
- The guaranteed maturity value of all the Guaranteed Maturity Certificates held, as on the date of maturity or
- The total fund value as of the date of maturity.
Death Benefits
In case of death of the life assured during the policy term: The death
benefit payable would be the higher of:
- Prevailing Sum Assured reduced by the value of the units
withdrawn through partial withdrawals from fund value in the last
24 months prior to the date of death or
- The fund value as on the date of receipt of intimation of death at
the Company’s office.
The policy will terminate on the death of the life assured
Surrender Benefit
You have the option to surrender the whole policy anytime from the 6th
(sixth) policy year. The surrender value payable will be the fund value
under the policy at the prevailing unit price as on the date of surrender.
No guarantee is applicable on surrender of the policy. |