CONVERTIBLE
WHOLE LIFE
(WITHOUT PROFIT)
'CONVERTIBLE
WHOLE LIFE' is essentially a flexible contract. It
is most suitable for young man, whose income at present
is low but likely to increase after some times. Before the
expiry of 5 years, the Life Assured has to exercise the
option to convert this policy in to Endowment (With or Without
Profit) choosing the term according to his need at a suitable
increased premium, without undergoing the medical examination.
If option of conversion is not exercised, then Premium Paying
Term shall cease at age 70 years but assurance shall continue
to be as whole life limited payment policy without profit.
Salient
Features