This policy runs throughout the life time of the policy holder.
The maturity amount is paid to the nominee only on death of the
policy holder. There are two options of premium payments. (1)
The premium has to be paid for 35 years or upto the age 80 which
ever is later or till death of the policy holder. (2) The
premium payment ceases after a fixed term.
Benefits:
The low premium and high risk cover is an important
advantage of this policy. the bonus declared is substantially
higher. hence, the death claim amount would be useful for
surviving dependants to fulfill their financial needs. The
limited payment option would help a person to restrict the
premium payment to his productive years only.
Income Tax Benefit
Available upto 20% of Premium Paid
