Whole Life Single Premium With Profit
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Features
Special Features
Benefits
Policy Parameters
Suitable For
This is the best form of life assurance for family provision since it enables the Life Assured to pay the premium during the ordinarily vigorous and most productive years of life, relieving him from the necessity of making payments later in life when they might become a burden.
With Profits Single Premium policies do not cease to participate in profits after completion of the period for which premium has been paid ,but continue to share in the periodical Bonus Distribution until the death of the Life Assured.
Survival Benefits
Nil
Death Benefits
Premiums are payable one time only. If the life assured survives the stipulated term of the policy , the policy continues in full force, and full sum assured (with or without bonus) will be paid on death.
Being a limited payment life assurance policy, this plan is suitable for people of all ages and social groups who wish to protect their families from a financial setback that may occur owing to their demise.
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