Choose the Policy Term:

The policyholder selects the duration of the policy, known as the policy term, based on their financial goals and requirements. This term determines how long the policy will remain in force.

Select the Premium Payment Term:

The policyholder decides on the premium payment term, which can be regular or limited. During this term, the policyholder pays premiums to keep the policy active.

Choose the Sum Assured:

The policyholder selects the sum assured, which is the amount of coverage or benefit payable in case of the policyholder's demise during the policy term. This sum assured can be chosen based on the policyholder's financial obligations and needs.

Receive Guaranteed Monthly Income:

Throughout the policy term, the policyholder receives guaranteed monthly income payments from the insurance company. The amount of monthly income is predetermined and specified in the policy documents. This income provides financial stability and support to the policyholder and their family.

Additional Benefits:

Depending on the plan's features and options chosen, the policyholder may receive additional benefits such as maturity benefits, death benefits, or optional riders for enhanced coverage against specific risks like critical illnesses or accidental death.

Survival Benefits:

If the policyholder survives the entire policy term, they may receive a maturity benefit, which could be in the form of a lump sum payout or periodic payments, providing financial security for future needs or retirement.

Claim Process:

In the event of the policyholder's demise during the policy term, the nominee or beneficiary needs to file a claim with the insurance company. Upon successful verification of the claim documents, the insurer pays out the death benefit to the nominee/beneficiary.