The key attraction of this scheme is an open-ended policy. That means after completing the minimum term, the policy holder may continue the policy as long as he or she desires until the age of 65. Whenever the policy holder decides to complete the policy he or she will receive all the premium paid along with profit. If the policy holder dies while the policy is running, nominee will receive the all the paid premium plus sum assured. However, if the policy completion benefit is higher than the death benefit, Policy Completion Benefit will be paid.
Benefit Summary:
For Family = Premium Paid + Sum Assured
For Self = Premium Paid + Profit
At a Glance:
| Category | Savings |
| Completion Value | Premium Paid + Profit |
| Death Benefit | Premium Paid + Sum Assured |
| Premium payment mode | Yearly, Half-Yearly, Quarterly & Monthly |
| Term | Minimum 6 Years up to Policy Holder’s age 65 |
| Who can buy this product | If your age is between 18 & 55 years, you can buy this product. |
| Supplementary | ADB – Accidental Death Benefit. HI – Hospitalization Insurance |