Benefits explained with Example:

Anish, aged 40 years, has chosen an annual premium of 1,00,000 p.a. for 7 pay and policy term of 40 years.He will be covered for a death benefit of 10,00,000 during the policy term.Anish will receive Guaranteed Income of 55,620 p.a. starting from end of 10^th policy year till 40^th policy year.On maturity of the policy, the Guaranteed Maturity Benefit of 8,00,000 will be payable to Anish.In case of an unfortunate event anytime during the policy term, sum assured on death i.e. 10,00,000would be paid to the nominee/beneficiary and the policy terminates immediately.