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Moving Term Insurance Plan (67)

The key attraction of this scheme is an open-ended policy. That means after completing the minimum term, the policy holder may continue the policy as long as he or she desires until the age of 65. Whenever the policy holder decides to complete the policy he or she will receive all the premium paid along with profit. If the policy holder dies while the policy is running, nominee will receive the all the paid premium plus sum assured. However, if the policy completion benefit is higher than the death benefit, Policy Completion Benefit will be paid.

Benefit Summary:

For Family = Premium Paid + Sum Assured
For Self = Premium Paid + Profit

At a Glance:
Category Savings
Completion Value Premium Paid + Profit
Death Benefit Premium Paid + Sum Assured
Premium payment mode Yearly, Half-Yearly, Quarterly & Monthly
Term Minimum 6 Years up to Policy Holder’s age 65
Who can buy this product If your age is between 18 & 55 years, you can buy this product.
Supplementary ADB – Accidental Death Benefit.
HI – Hospitalization Insurance