• In this plan, the parent life will be insured and the child shall be the nominee.
• Sum assured with Loyalty Additions will be paid on policy maturity.
• On the death of life insured within the policy term :
Sum assured will be immediately paid to the child.
Future premiums are waived. So no premium needs to be paid after that.
10% of Sum assured will be paid to the child every year, starting from the next year of parent's expiry.
Sum assured with Loyalty Addition (Bonus) will be paid at the end of the policy term.