If Raghav dies
during the plan tenure Rs. 50 lakhs would be paid as death benefit.
Not exact matches
If Raghav dies
during the
plan tenure,
Rs. 50 lakhs would be paid immediately.
Option 4 - if Rohit suffers from any terminal illness
during the
plan tenure, 25 % of the total Sum Assured which is
Rs. 25 lakhs would be paid in lump sum.
For instance, if you take a term
plan with a Sum Assured of
Rs. 1 crore for a term of 30 years and God forbid if you meet with an untimely demise
during this
tenure, your family will receive this amount as a lumpsum or regular monthly income, as the option selected by you.
Option 2 — if Mr. Sharma survives the
plan term, the maturity benefit is paid which is the total premium is paid
during the
plan tenure, i.e.
Rs. 5 lakhs.