On death, under Option A, 5 times the Single premium is paid and under Option B, 10 times the Single premium is paid to the nominee
On maturity, guaranteed benefit of 2 * single premium for ages 18-35 yrs., 1.90 * single premium for ages 36-40 yrs. and 1.80*single premium for ages 41-45 years is paid under Option A
Under Option B, 1.86 * Single premium for ages 18-35 yrs. and 1.66*single premium for ages 36-40 years is paid
Income tax benefit on the premium paid as per Section 80C and on the claims received as per Section 10(10D) of the Income Tax Act.
Policyholder has to fill up an `Application form/ proposal form with accurate medical history.
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