| This is an Endowment Assurance Plan
issued on the lives of husband and wife.
The plan provides financial protection against
death of both the lives. It pays the maturity
amount on survival of one or both the lives
to the end of the policy term.
Premiums are payable yearly, half-yearly,
quarterly, monthly or through salary deductions
as opted by you throughout the term of
the policy or till the first death of
the lives covered, whichever is earlier.
This is a with-profit plan and participates
in the profits of the Corporation’s
life insurance business. It gets a share
of the profits in the form of bonuses.
Simple Reversionary Bonuses are declared
per thousand Sum Assured annually at the
end of each financial year. Once declared,
they form part of the guaranteed benefits
of the plan. Such bonuses are to be added
till date of maturity or the second death
of the lives covered, whichever is earlier.
Final (Additional) Bonus may also be payable
provided policy has run for certain minimum
period.
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