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WHOLE LIFE ASSURANCE

For Whom

 

People who wish to provide huge sums at comparatively low contribution as premium for their dependants can take this policy.

Under this plan, an individual gets coverage for the whole of his life i.e the term is the whole life from inception of the policy.

 

Main Features

 

• Sum assured is payable only on the death of the life assured
• Premiums have to be paid till age 70 years
• Premiums cease on death of the life assured

 

Benefits

 

• On Death

 

        Sum assured + vested bonuses are payable to nominees/beneficiaries on death of life

        assured only.

 

• Other Conditions

 

• Minimum age at entry : 18 years
• Maximum age at entry : 60 years

 

Mode of Payment of Premium

 

• Single Premium
• Annual Premium