The plan is a non-participating term assurance plan. It provides pre-decided sum assured to the beneficiary on death of the life assured during the policy period. To cover high risk in low premium is the specialty of this product.
Death Benefit: In the event of unfortunate death of the life assured during the policy term, the Sum assured will be paid to the nominee / beneficiary.
The policy will terminate on payment of the death benefit and nothing will be payable thereafter.
Maturity Benefit: No maturity benefit will be payable under this plan.