The products offer customers the flexibility of either choosing a single pay option or a limited pay option for premium payments over a period of five years.
Under the single premium option, a sum assured of minimum 125 per cent to maximum 500 per cent of the premium amount is available to customers. In the limited pay option, a fixed sum assured which ranges between seven and 10 times of the annual premium.
On maturity of the policy, the customer can choose to receive the maturity benefit as a lump sum or structured payout through the settlement option to meet one's financial goals.
The customers would also be eligible for a loyalty bonus every year from the sixth year. It will be in addition to the maturity benefit payable by the company.
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