Benefits:

Death Benefit: In case of unfortunate death of the life assured during the term of the policy, sum assured is payable, provided the policy is kept in force.

Maturity benefit: nil

Mode of payment of premiums      
Premiums may be paid yearly, half-yearly or by single premium mode.

Premium Rates
The tables below provide specimen tabular premiums for various age-term combinations for rs. 1000/- sum assured

Annual premium:

Benefits:

Features:

•    The Two Year Temporary Assurance policy is designed for the insuring public who requires risk cover for a maximum of two years.
•   Under the Two Year Temporary Assurance policy a single premium is required to be paid at the outset of the policy to cover the entire period of term.
•   The proposer is required to pay the medical examination fee. The proof of age must also accompany the proposal.
•   The policy issued will be only under the 'Without Profits' plan.
•   The policy is not entitled to any surrender value.
•  No loan will be granted against the Two Year Temporary Assurance policy.

Features:

This plan of assurance is designed to meet the needs of those who are initially unable to pay the larger premium required for a Whole Life or Endowment Assurance Policy, but hope to be able to pay for such a policy in the near future.

This plan would be found useful also in cases where it is desired to leave the final decision as to the plan to a later date when, perhaps a better choice could be made.

Policy holders get an option of converting an policy into endowment assurance or limited payment whole life assurance.


Suitable For
For all people with earned income under Category I and unearned incomes under Category II, basically Standard and sub-Standard lives attracting EMR classes I and II.