If you discontinue paying premiums after having paid premiums for at least two full policy
years for premium paying term of 6 and 9 years (three full policy years for premium
paying term of 12 years) your policy will not lapse but continue on a Reduced Paid-Up basis. Under Reduced Paid-Up, Sum Assured, Sum Assured on Death, Maturity Sum
Assured shall be reduced in proportion to the premiums actually paid to the total
premiums payable during the policy term. Guaranteed Additions shall accrue on the
reduced maturity sum assured.
Once the policy has become Reduced Paid-Up, the benefits payable in "Your Benefits"
section are amended as follows:
In the unfortunate event of the death of the life insured during the policy term, we shall
pay the reduced Sum Assured on Death plus Guaranteed Additions accrued to date of
death to the nominee.
On maturity date, you shall receive the reduced Maturity Sum Assured plus Guaranteed