| • |
Best suited for people with irregular
income and whose job is not secured. Ex: Farmers,
milk vendors, petty businessmen. |
| • |
Age proof is not insisted, if sum
Assured is 50,000 or less. |
| • |
A boon for persons who find it difficult
to produce Age Proof (Upto 50000 ,Upto Age 40).
No age extra is charged for self declaration, if
term is 20 years & age is 40 years or less. |
| • |
Financial security for the family,
in case of unfortunate death of the policy holder,
as risk is covered even during lapsed period of
the policy (upto 3 years), after the premiums are
paid for two years. |
| • |
Maximum term is retricted to 20 years
in case of non-standard age proof subject to a maximum
S.A of Rs.50000. |
| • |
Premiums have to be paid till the
maturity or death of the policy holder, whichever
is earlier. |
| • |
Plan is not allowed to widows belonging
to category III. |
| • |
On maturity, Sum Assured + Bonus is
given. |
| • |
On death of the policy holder before
maturity, Sum Assured + Bonus is given to the nominee. |
