Maturity of ULIPs and Traditional plans On completion of policy tenure, the amount received towards maturity value is totally tax free. (simplypaisa.com)
Maturity Benefit - In case the ensure survives the entire tenure of the policy and the policy is in force then on completion of the policy tenure the fund value is paid to the insured as maturity benefit. (policybazaar.com)
The Family Income Benefit pays 1 % of Sum Assured every month after the insured dies and till the completion of the policy tenure (policybazaar.com)