The policyholder has an option to receive the future payouts monthly instead of yearly. In such cases, the monthly payout shall be 8% of the annual payout.

For a policy where all due premiums have been paid, the maturity benefit¹ will be the aggregate of:

•  Last Survival Benefi­t payout,
• Accrued Reversionary Bonuses if declared
• Interim Bonus, if declared
• Terminal Bonus, if declared

On death of the life assured during the term of the policy, provided all due premiums are paid; we would pay to the nominee the higher of the following:

• Sum Assured on Death + Accrued Reversionary Bonuses + Interim Bonus (if any) + Terminal Bonus (if any)
• 105% of total premiums¹ paid till date 

Where, the Sum Assured on Death shall be the higher of:

• Sum Assured on Maturity
• 10 times Annualised Premium² /Single Premium for entry age up to 50 years and 7 times Annualised Premium² for entry age greater than 50 years

Reversionary Bonus: A simple Reversionary Bonus would be declared at the end of each financial year. Same will be expressed as percentage of the Sum Assured on Maturity. Once added to the policy, the bonus is guaranteed to be payable on maturity, provided all due premiums are paid. The Reversionary Bonus is not a guaranteed benefit and would depend on the actual experience with respect to the investment return, expenses, mortality, tax etc and would be declared keeping in mind a long term view of expected future experience. In case of death or surrender during the inter-valuation period the policy will be eligible to receive the interim bonus based on the bonus rates declared by the company.

Terminal Bonus: It enables the company to pay a fair share of the surplus provided all due premiums are paid, based on the actual experience over the policy term and allowing for the reversionary bonuses already attached.It is not a guaranteed benefit.