In case of unfortunate demise of the life insured during the policy term, Death
Benefit will be paid to the nominee. Death Benefit is the Sum Assured on death less
any previously paid Terminal Illness Benefit.
The policy shall be terminated once the Death Benefit is paid.
The Minimum Guaranteed Sum Assured on maturity is nil under this plan.
The absolute amount assured to be paid on death is the Effective Sum Assured as
on the date of death.
- Under Level Term Assurance Option, the Effective Sum Assured is the Sum Assured
- Under Increasing Term Assurance Option, the Effective Sum Assured will increase
on every policy anniversary. The amount by which the Effective Sum Assured will
increase on every policy anniversary is the Sum Assured at inception multiplied
by 5% or 10% p.a. (simple), as chosen by you at inception
For Level Term Assurance Option, the Effective Sum Assured shall include any change
in Sum Assured arising from the exercise of the Enhanced Life Stage Protection Option.
Terminal Illness Benefit shall only be payable on the first diagnosis of any Terminal
Illness of the Life Insured during the policy term.
Please refer to the brochure for details regarding the above benefits.