| Participating Marriage / Education Plan |
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This
is a plan on your life through which you can make comprehensive
provision for Marriage / Education expenses of Children.
At Maturity
Under this plan if the life assured, normally a parent, survives the term, then the sum assured together with vested bonuses is payable in a lump sum or in ten half-yearly installments at the option of the life assured.
On Death
In the event of death of the life assured before the date of maturity the benefits under the policy will be
(i) Immediate payment of an amount equal to the Sum Assured.
AND
(ii) Payment of sum assured and vested bonuses on the date of maturity in a lump sum or in ten half-yearly installments at the option of the beneficiary.
AND
(iii) Waiver of all future premiums.
If the life assured/beneficiary opts to receive the sum assured and bonuses payable on maturity in 10 half-yearly installments, the first installment will be payable on the date of maturity.
Other features of this plan
 Portability
Loan
facility
Accident Benefit
Flexible
options in Premium |
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Child Education
/ Marriage Plans