The plan offers survival benefits equal to 25% of sum insured on completion of 1/3rd and 2/3rd term of the policy. On completion of term of the policy, the remaining 50% sum insured plus accrued bonuses shall be payable. If the life insured expires during term of the policy, full sum insured along with accrued bonuses shall be payable [even though 1st or 2nd survival benefits already paid]. Click here for supplementary covers available with this plan.
The plan is suitable for the individuals who have long-term financial needs but also anticipate requirement of money relatively earlier. Three Payment Plan helps fulfilling these short-term financial needs without terminating the actual contract. Click here for calculation of premium on your life under this plan.