Maturity Benefit: Face Amount plus Accrued bonus (if any) on life insured's survival to maturity
Death Benefit (Life Insured): Refund of Premiums plus Interests plus Accrue bonus (if any)
On Surrender of Policy: Cash value as built in the policy will be paid at the time of surrender of policy. There is no cash value till 3 years premiums have been paid in full.
Bonus Options: Bonus is not declared for the first 3 years of the policy.
At the time of Bonus declaration the following Bonus Option is available:
Paid in Cash - Bonus declared by the company will be paid out to the policy holder
Non-Forfeiture Options:
Reduced Paid Up: A lower Sum Assured for the remaining term of your policy. In case you do not want the above, you can choose to take cash value by cheque. |