The policy pays death benefit of the sum assured to the beneficiary, in case death of the life assured during the term of the policy. The policy doesn’t require any paid up value or surrender value under this policy.

Features-
Offers rebate of 1% on annual premium for yearly mode and none for half yearly mode.
Grace period of 15 days for for a payment of yearly and half yearly mode.

Eligibility Criteria:
The minimum and maximum entry age is 18 years and 55 years respectively. The maximum age at maturity is 65 years. The policy terms ranges from 5 years to 25 years. The minimum sum assured is Rs. 5,00,000/- and maximum is Rs.25,00,000/-. The premium can be paid by yearly, half yearly and single premium.