In the unfortunate event of the death of the life insured during the policy
term, we shall pay the following death benefit4 to the nominee:
- Guaranteed Death Benefit (Sum Assured on Death); plus
- Accrued Guaranteed Additions; plus
- Accrued regular bonuses as on date of death; plus
- Terminal Bonus; if any
4Subject to minimum of 105% of Total Premiums paid to date.
Where, Total Premiums paid means total of all the premiums received, excluding any extra premium,
any rider premium and taxes. Guaranteed Death Benefit is higher of Sum Assured or 10 times the
Annualized premium payable throughout the premium paying term.