The new plan, which will be available to customers from 7 October 2013, includes level cover option and increasing cover option.
Additionally, the plan also has Trigger Fund option to allow investors to buy low and sell high, whereas the Smart Funds option provides choices of seven varied funds. Buyers can switch twice between any of the options within the term of the policy.
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Furthermore, an in built ‘Accelerated Total and Permanent Disability’ (TPD) benefit will be provided by the plan that is applicable in the event of permanent disabilitycaused due to accident or sickness.
The product is open for the age group of 18 to 45 years with the maximum age of maturity being 65 years.
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