Maturity Benefit
On survival to the end of the policy term, the policyholder receives the Basic Sum Assured + Accumulated Vested Simple Reversionary Bonuses + Final Additional Bonus (if any).
Death Benefit
In case of death during the policy term, the nominee receives the "Sum Assured on Death" + Vested Bonuses + FAB. Sum Assured on Death is the higher of Basic Sum Assured or 7 times the annualised premium.
Loan Facility
Loan can be availed after at least 2 full years' premiums have been paid. This helps in meeting emergency financial needs without surrendering the policy.
Tax Benefits
Premiums paid are exempt under Section 80C, and maturity proceeds are exempt under Section 10(10D) of the Income Tax Act, subject to conditions.