The benefit of this plan is that nominees of the policyholders receive financial security and if the policyholder survives the policy term, he or she gets back all the paid premiums. (policybazaar.com)
Life Cover: This is the most important benefit of life insurance where nominee of the policyholder gets a lump sum amount in case of an unfortunate death of the policyholder. (takeapolicy.com)
In case of death, the nominee of the policyholder receives the higher of the fund value or sum assured amount or 105 % of the total premiums paid. (policybazaar.com)