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
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.
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.
The sum assured is payable only in the event of death
of the Life Assured before the expiry of the specified