After the completion of PPT, Accrued bonuses are paid For every year post PPT, 5% of the Sum Assured + bonus for that year is paid as Income Benefit On death during the PPT, Sum Assured + accrued Reversionary Bonuses + Terminal Bonus, if any is paid to the nominee On death after the PPT, Sum Assured + bonus of that year + Terminal Bonus, if any is paid to the nominee On maturity, the basic Sum Assured + Terminal Bonus, if any is paid Income tax benefit under Sections 80C and 10(10D) for premiums paid and claims received respectively