You get a monthly regular income that you have chosen at the inception of the policy for 8 years(Maximum of 96 months) after the end of the Premium Payment Term. The monthly regular income commences from the monthly anniversary date that immediately succeeds the completion of the Premium Payment Term.
On attaining the maturity age you will receive the accrued Simple Reversionary Bonuses along with the Terminal Bonus, if any.
The policy will participate in the profit by way of Simple Reversionary Bonuses on completion of three years. The declared bonus will be credited on each policy anniversary occurring immediately after the date of declaration of bonus provided all the due premiums have been paid.
The Simple Reversionary Bonus will not accrue once the death claim is settled and for the lapsed policies. The Company may also declare a Terminal Bonus as a percentage of the accrued Simple Reversionary Bonus.
In case of unfortunate death during the term of the Policy, your family will immediately get a guaranteed sum equal to 24 times the chosen monthly income. In addition to this, all accrued bonuses (non guaranteed) till date will also be paid to the nominee.
In addition to the above lumpsum, your family will continue getting the guaranteed monthly income as scheduled. If the monthly regular income has not commenced, the same will start from the first monthly anniversary following the date of the death and shall be paid for the next 96 months to your nominee.