There are two coverage options available
i. Reducing Coverage Option – Most suitable for mortgage, educational & auto loans.
ii. Level Coverage Option – provides the same cover throughout the term of the policy
Increase in Sum Assured
The design of this policy gives the flexibility to the Group Policyholder to increase the Sum Assured for their members #.
Joint Life Option
Joint Life coverage option is available for housing loan, other mortgage loans & Education loans subject to following conditions #.
Surrender/Partial Surrender Benefit
The surrender benefits will be equal to a pre-determined percentage of un-expired Premiums #.