What is Termsurance^®Seniors Insurance Plan?

How does this plan work?

If you are over the age of 50, you can enroll for this plan till the maximum age of 85. The entry to the plan is guaranteed without any questions of the state of your health condition. In the unforeseen event of demise in the first two years of the policy, 125% of total premiums paid shall be returned. After two years, you are insured for the amount of sum insured for life. The amount of premium and cover remain the same throughout the life of the policy, except after age 90. At age 90 the policy gets even better as your premiums will stop, but your life insurance cover will continue.

Death Benefit:

1. On death of the insured person within 2 years from the commencement of the policy:
   1. 125% of the total premiums paid will be paid to the beneficiary.
2. On the death of the insured person after 2 years from the commencement of the policy:
   1. Sum insured will be paid to the beneficiary.

Maturity Benefit:

There are no maturity benefits.