1. 25% of the face amount is paid at the end of 1/3rd of the term of the policy.
2. Another 25% is paid at the end of 2/3rd of the term of the policy.
3. 50% of the face amount is paid with bonus. In the event of death, no deduction is made for the installments already paid.
For the Entire Duration of the policy, you are insured for the Full Face Amount plus the Accrued Bonus. In the event of death, No Deduction is made for the installments already paid. You are insured for the full amount till the last day.
In Case Of Death Of Insured Child Before Maturity:
Death benefits are payable subject to Graded Death Benefit Endorsement*.
Graded Death Benefit Endorsement*:
In the event of Insured's death prior to his attaining the age of 3 years the amount payable under this policy shall be in accordance with the following schedule:
|Age at death||Amount Payable|
|Less than six months||25% of Face Amount|
|1 year nearest birthday||50% of Face Amount|
|2 years nearest birthday||75% of Face Amount|
|3 years nearest birthday & over||Full Face Amount|
In case of death benefits exceeds 25 percent of Face Amount, 25 percent of Face Amount shall be paid immediately and remaining payable benefits including bonus accrued till the date of death shall be paid at maturity.