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.
Benefits:
Survival Benefit
Not Applicable
Death Benefit
The sum assured is payable only in the event of death
of the Life Assured before the expiry of the specified
term.