f insured is struck by total and permanent disablement due to an accident or illness, he or she may get future premiums payable waived off,
additional monthly income of 1 % of Guaranteed Sum Aassured till the end of premium payment term, income benefits as per schedule and maturity benefits on maturity.
It also frees up
additional monthly income to tackle other bills.
After a severe stage claim,
an additional monthly income benefit of 1.5 % of sum insured is paid, for five years, from the date of claim.
Another option is to provide
an additional monthly income over and above the lump sum amount.
a) Any person who is looking for a plain term insurance plan or b) Any person who is looking for a plan that pays 100 % of the sum assured on death to the family and
an additional monthly income (0.4 % of sum assured) to family for 10 years c) Any person who is looking for a plan that pays 100 % of the sum assured on death to the family and an additional monthly income (0.4 % of sum assured) annually increasing @ 10 % (simple interest p.a.) to family for 10 years
The family will also get
an additional monthly income of 0.4 % of sum assured increasing every year @ 10 % (simple interest) for 10 years.
The recent decline in the housing market may provide an excellent opportunity for those looking for a long term investment or
additional monthly income.