Savings Insurance Plan

This plan ensures receipt of the desired amount either on the untimely death of the life assured or at the end of the fixed term. If the life assured survives up to the specified term, the sum assured with accrued bonus is paid at the end of the term; if death occurs before that, it is paid immediately upon death. Under this plan, policies with terms of 10, 12, 15, 20, 25, 30 and 35 years may be taken. Premiums may be paid on an annual or half-yearly basis. Supplementary covers such as Accidental Death Benefit (ADB), Permanent Disability and Accident Benefit (PDAB) and Hospital Insurance (HI) may be taken along with this policy. The maximum age at maturity is 70 years. After premiums have been paid for at least two years, the policy acquires Paid-up insurance benefit and Surrender Value. If required, 90% of the surrender value will be paid as a loan