Benefits-met-monthly-income-plan-10-pay

On survival of the maturity period, the policyholder receives a monthly income for the next 15 years. This policy allows for the Accrued Bonus to be taken as a lump sum on the date of maturity. The monthly income can be enhanced by converting the accrued Simple Reversionary Bonuses along with Terminal Bonus into level Monthly Income. In case of the death of the policyholder, the higher of the two are paid – Death Sum Assured plus Accrued Reversionary Bonus and Terminal Bonus; or 105% of all premiums paid.