In case of an unfortunate event of death, your family will be paid a Sum Assured on Death which will be higher of the following:
- 10 times the Annualized Premium
- The Sum Assured
In this plan, Death Benefit is never lesser than 105% of the Total Premiums Paid
Family Income Payout (FIP) Option: You have the option to receive a part of the Death Benefit as Family Income Payout. In this case your family will receive 50% of the Sum Assured on Death as a lump sum amount and 1% of the Sum Assured will be paid as monthly income spread over 60 months.
