In an unfortunate event of the policyholder's
death, the nominee (child) receives the Death Benefit that is higher amongst the Maturity Sum Assured, 10x of the annual premium and 105 per cent of the premiums
death, the nominee (child) receives the
Death Benefit that is higher amongst the Maturity Sum Assured, 10x of the annual premium and 105 per cent of the premiums
Death Benefit that is
higher amongst the Maturity Sum Assured, 10x of the annual premium and 105 per
cent of the premiums paid.
For non-single products with a term of 10 years or more, the minimum
death benefit would either be ten times the annualised premium or 105 per
cent of all premiums paid on the date of
death or the least guaranteed sum assured on maturity or any absolute amount assured to be paid on
death (for non-par products for those below 45 years), whichever is the
highest.