Academic Advantage

Description

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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