Level Sum Assured - Under this Coverage Type, Sum Assured payable at any point in time in case of death and/or any other contingent event covered under this plan would remain level throughout the Insured Member’s Coverage Term.

Decreasing Sum Assured - Under this Coverage Type, the Sum Assured chosen by the Insured Member which is payable in case of death and/or any other contingent event covered under this plan, decreases during the Coverage Term as per the Benefit Schedule.

The plan can be taken on Single Life or Joint Life basis. Single Life Coverage covers only one Insured Member while under Joint Life, 2 Insured Members can be covered provided there is an insurable interest between them. Joint Life Option can be opted only if Life Cover option is selected and no additional benefits are chosen. In case of death of either of the joint Insured Members, the applicable Sum Assured as per the Benefit Schedule will be paid on first death basis and the Coverage will be terminated for both the lives.

The Master Policy can be surrendered by the Master Policyholder. In case of surrender of the Master Policy, the Insurance Cover shall continue till the end of the period for which the Modal Coverage Premiums have been paid, unless expressly surrendered by the Insured Member. There will be an option available to the Insured Member to continue the Insurance Cover by paying the future Modal Coverage Premiums as and when it is due. The Insured Member may surrender his Insurance Cover anytime during the Coverage Term.

The surrender of an Insurance Cover by one or more members does not affect the remaining Insured Members of the policy.

No Maturity benefit is payable