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This is a Money Back Whole Life plan. It provides financial protection against death throughout the lifetime with regular flow of survival benefits at five yearly intervals.
Premiums are payable yearly, half-yearly, quarterly, monthly or through salary deduction, as opted by you. The premium paying terms available are 5, 10, 15, 20, 25 years or for life. Alternatively, the premium may be paid in one lump sum (single premium).
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. A Final (Additional) Bonus may also be payable provided the policy has run for certain minimum period.
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