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Sunday, June 25, 2017

Academic Advantage

This is a life cover for the parent, with maturity installments payable during the last four years of the policy term. You can choose the policy term according to your convenience. The following is the benefit chart expressed as a percentage of the sum assured:

Last but 3 years 20%  
Last but 2 years 20%  
Last but 1 years 30%  
Completed term 50% & Bonus

 

In the event of death of parent the full sum assured along with accrued bonuses is payable regardless of earlier installments paid under the above benefit schedule.Riders allowed are Waiver of Premium, Double Accident Benefit, Joint Life Cover, Level Term Benefit & Critical Illness Cover.

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