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• A policy where lump sum amounts are paid to the life assured at periodic intervals on survival.
• Accident benefit is available during the premium paying term only.
• Premium paying terms are less than corresponding policy terms i.e. for policy terms of 15, 20 and 25 years, the corresponding premium paying terms would be 12, 15 and 18 years.
• An additional amount is also paid on death occurring within the term. The amount depends on duration elapsed from commencement of the policy.
• Premiums are to be paid regularly to get survival benefits.
• In case of death of life assured within the term, full sum insured is paid to the nominee, irrespective of earlier survival benefits.
• Bonus is payable at the end of the policy term under this scheme.
• Premiums cease on death or on expiry of term whichever is earlier.

• Death Benefit: In case of death of life assured within the term, basic sum assured along with vested bonus is paid irrespective of earlier survival benefits to the nominee. In addition to the following benefits are given depending on the duration elapsed from the commencement of the policy to the date of death.
  

  Policy term	15 years	20 years	25 years
  Premium paying term	12 years	15 years	18 years
  Policy Inforce
  0 to 5 years	SA + Accured Bonus	SA + Accured Bonus	SA + Accured Bonus
  6 to 10 years	150% of SA + Accured Bonus	150% of SA + Accured Bonus	150% of SA + Accured Bonus
  11 to 15 years	200% of SA + Accured Bonus	200% of SA + Accured Bonus	200% of SA + Accured Bonus
  16 to 20 years	-	250% of SA + Accured Bonus	250% of SA + Accured Bonus
  21 to 25 years	-	-	300% of SA + Accured Bonus

  This way risk cover increases 50% of Sum Assured after every 5 years of term without paying extra premium.
  
• Accident Benefit: The life assured can avail Accident Benefit by paying an additional Rs.1/- premium. This is available only for the premium paying term.
• On maturity Bonus is payable.

• Minimum sum assured : Rs.40,000/-
• Maximum sum assured : No limit
• Minimum age at entry : 14 years
• Maximum age at entry : 55 years (15 years policy), 50 years (20 years policy) and 45 years (25 years policy.
• Maximum age at maturity : 70 years
• Premium Paying Term : 12 (15 years policy), 15 (20 years policy) and 18 (25 years policy)
• Loan against this policy is not available.

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