Pension Plans
LIC's Jeevan Umang
Plan No 945
Get GURRANTEED Survival Benefit equal to 8% of Basic Sum Assured each year after the final premium, till Age 99 and lump sum maturity benefit on survival to Age 100.
(A Non-Linked, Participating, Individual,Life Assurance Savings (Whole Life) Plan
- Survival Benefit :On the life assured surviving to the end of the premium paying term, provided all due premiums have been paid, a survival benefit equal to 8% of Basic Sum Assured shall be payable each year
- Maturity Benefit : On the life assured surviving to the end of the policy term, provided the policy is in-force , “Sum Assured on Maturity” along with vested Simple Reversionary Bonuses(asmen onedin (d)below)andFinalAddi onalbonus,ifany,shallbepayable.
- Policies shall be eligible to receive Simple Reversionary Bonuses declared as per the experience of the Corpora on during the premium paying term, provided the policy isin-force.
- On death of the Life Assured during the policy term, provided the policy isin-force i.e. all due premiums have been paid
- Minimum Basic SumAssured : ₹ 2,00,000
- Maximum Basic SumAssured : No limit
- Premium Paying Term : 15, 20, 25 and 30 years
- Premium Paying Term : 15, 20, 25 and 30 years
- Policy Term : (100 – age at entry) years
- Minimum Age at entry : 90 days (completed)
- Maximum Age at entry : 55 years(nearer birthday)
- Minimum Age atthe end of premiumpaying term : 30 years(nearer birthday)
- Maximum Age atthe end of premiumpaying term : 70 years(nearer birthday)
- Age at maturity : 100 years(nearer birthday)
- Death Benefit : Death Benefit, defined as sum of “Sum Assured on Death” and vested Simple Reversionary Bonuses (as men oned in (d) below) and Final Addi onal bonus, if any,shall be payable. Where i “Sum Assured on Death” s defined asthe higher of 7 mes of annualised premiumor Basic SumAssured. This death benefitshall not be lessthan 105% of the total premiums paid upto the date of death.
- Survival Benefit : On the life assured surviving to the end of the premium paying term, provided all due premiums have been paid, a survival benefit equal to 8% of Basic Sum Assured shall be payable each year. The first survival benefit payment is payable at the end of premium paying term and thereafer on comple on of each subsequent year ll the Life assured survives or ll the policy anniversary priorto the date ofmaturity,whichever is earlier
- Maturity Benefit : On the life assured surviving to the end of the policy term, provided the policy is
in-force , “Sum Assured on Maturity” along with vested Simple Reversionary
Bonuses(asmen onedin (d)below)andFinalAddi onalbonus,ifany,shallbepayable.
Where “SumAssured onMaturity” is equaltoBasic SumAssured. - Parcipation in profits : During thepremiumpaying term: Policies shall be eligible to receive Simple Reversionary Bonuses declared as per the experience of the Corpora on during the premium paying term, provided the policy isin-force.
- LIC's Accidental Deathand Disability Benefit Rider
- LIC's Accident Benefit Rider
- LIC's New Term Assurance Rider
- LIC's NewCrical Illness Benefit Rider
- LIC's Premium Waiver Benefit Rider
Premiums can be paid regularly at yearly, half-yearly, quarterly or monthly mode (monthly premiums through NACH only) or through salary deducons during the PremiumPaying Termofthe policy.
New Jeevan Anand
Plan No 915
ENJOY TWIN BENEFITS OF FULL PAYOUT ON MATURITY & CONTINUED LIFELONG COVER THEREAFTER
SAVINGS + PROTECTION + TAX BENEFIT
- LIC’s Accidental Death and Disability Benefit Rider: :This rider can be opted for at any time under an in-force policy within the policy term of the Base plan provided the outstanding premium paying term of the base plan as well as the rider is atleast 5 years, but before the policy anniversary on which the age nearer birthday of the life assured is 65 years. The benefit cover under this rider shall be available during the policy term or before the policy anniversary on which the age nearer birthday of the life assured is 70 years, whichever is earlier. I
- LIC’s Accident Benefit Rider : This rider can be opted for at any time under an in-force policy within the policy term of the Base plan provided the outstanding premium paying term of the base plan as well as the rider is atleast 5 years, but before the policy anniversary on which the age nearer birthday of the life assured is 65 years.
- LIC’s New Term Assurance Rider This rider is available at inception of the policy only. The benefit cover under this rider shall be available during the policy term. If this rider is opted for, an amount equal to Term Assurance Rider Sum Assured shall be payable on death of the Life Assured during the policy term.
- Minimum Basic SumAssured : ₹ 1,00,000
- Maximum Basic SumAssured : No limit
- Minimum Age at entry : 18 days (completed)
- Maximum Age at entry : 50 years(nearer birthday)
- Minimum Policy Term : 15
- Maximum Policy Term : 35
- Maximum Age of Maturity : 75
- Death Benefit: :On Death during the policy term i.e. before the stipulated Date of Maturity:
Death benefit, equal to “Sum Assured on Death” alongwith vested Simple Reversionary Bonuses and Final Additional bonus, if any, shall be payable; where, “Sum Assured on Death” is defined as higher of 125% of Basic Sum Assured or 7 times of annualised premium. This death benefit shall not be less than 105% of total premiums paid upto date of death. - Maturity Benefit : On Life Assured surviving to the stipulated Date of Maturity, provided the policy is in-force, i.e. all due premiums have been paid “Sum Assured on Maturity” along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable; where “Sum Assured on Maturity” is equal to Basic Sum Assured.
- The policy shall participate in profits of the Corporation and shall be entitled to receive Simple Reversionary Bonuses de clared as per the experience of the Corporation during policy term provided the policy is in- force.
- LIC's Accidental Deathand Disability Benefit Rider
- LIC's Accident Benefit Rider
- LIC's New Term Assurance Rider
- LIC's NewCrical Illness Benefit Rider
- LIC's Premium Waiver Benefit Rider
Premiums can be paid regularly at yearly, half-yearly, quarterly or monthly mode (monthly premiums through NACH only) or through salary deducons during the PremiumPaying Termofthe policy.
Child Education & Child Marriage Plans
LIC's New Childrent's Money Back Plan
Plan No 932
Prepare Gurrented Fund's For your Child Education.
- LIC’s New Children’s Money Back Plan is a Non-linked ,Participating, Individual, Life Assurance money back plan. This plan is specially designed to meet the educational, marriage and other needs of growing children through Survival Benefits. In addition, it provides for the risk cover on the life of child during the policy term and for number of survival benefits on surviving to the end of the specified durations. The plan can be purchased by any of the parent or grand parent for a child aged 0 to 12 years.
- Minimum Basic SumAssured : ₹ 75,000
- Maximum Basic SumAssured : No limit
- Minimum Age at entry : 90 days (last birthday)
- Maximum Age at entry : 12 years (last birthday)
- Minimum/ Maximum Maturity Age for Life Assured : [25] years
- Policy Term/Premium Paying Term : : [25 – Age at entry] years
- Premium Paying Term (PPT) : [20 – Age at entry] years
- Death Benefit: :On death of the Life Assured during the policy term provided
the policy is in-force i. e. all due premiums have been paid shall
be as under:
On death before the date of commencement of risk:
Refund of premium(s) paid excluding taxes, extra premium and rider premium, if any, without interest shall be payable.
On death after the date of commencement of risk:
Death Benefit, defined as sum of “Sum Assured on Death” and vested Simple Reversionary Bonuses and Final Additional
Bonus, if any, shall be payable.
Where “Sum Assured on Death” is defined as Higher of 7 times of annualized premium or 125% of Sum Assured.
This Death Benefit shall not be less than 105% of the total premiums paid upto date of death. The premiums mentioned above exclude taxes, extra premium and rider premium, if any - Survival Benefit: : A fixed percentage of Sum Assured shall be payable on each policy anniversary coinciding with or immediately following the completion of 20 years of age and thereafter on each of next four policy anniversaries. These fixed percentages shall depend on the Option chosen at the proposal stage and for various Options the percentages
- On Life Assured surviving the policy term, provided the policy is in-force, “Sum Assured on Maturity” along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable. Where Sum Assured on Maturity as a fixed percentage of Sum Assured for various Options
- LIC’s Premium Waiver Benefit Rider
- Option to take Death Benefit in instalments
- Settlement Option for Maturity Benefit
Premiums can be paid regularly at yearly, half-yearly, quarterly or monthly mode (through NACH or through salary deduction (SSS) only) over the premium paying term of the policy
LIC's Jeevan Tarun
Plan No 934
Get the educational and other needs of growing children through annual Survival Benefit.
- LIC’s JEEVAN TARUN is a Non-linked, Participating, Individual, Life Assurance savings plan for children which offers an attractive combination of protection and saving features. This plan is specially designed to meet the educational and other needs of growing children through annual Survival Benefit payments from ages 20 to 24 years and Maturity Benefit at the age of 25 years. It is a flexible plan wherein at proposal stage the proposer can choose the proportion of Survival Benefits to be availed during the term of the policy
- Minimum Basic SumAssured : ₹ 75,000
- Maximum Basic SumAssured : No limit
- Minimum Age at entry : 0 days (completed)
- Maximum Age at entry : 12 years(nearer birthday)
- Minimum/ Maximum Maturity Age for Life Assured : [25] years
- Policy Term/Premium Paying Term : : [25 – Age at entry] years
- Death Benefit: :On death before the date of commencement of risk:
An amount equal to the total amount of premium/s paid excluding taxes, extra premium and rider premium, if any, shall be payable - Survival Benefit: : On the Life Assured surviving on each of the policy anniversary coinciding with or immediately following the completion of ages 18 years, 20 years and 22 years, 20% of the Basic Sum Assured on each occasion shall be payable, provided the policy is in -force.
- Maturity Benefit:On Life Assured surviving the policy term, provided the policy is in-force, “Sum Assured on Maturity” along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable; where Sum Assured on Maturity is equal to 40% of the Basic Sum Assured.
- LIC’s Premium Waiver Benefit Rider
- Option to take Death Benefit in instalments
- Settlement Option for Maturity Benefit
Premiums can be paid regularly at yearly, half-yearly, quarterly or monthly mode (through NACH or through salary deduction (SSS) only) over the premium paying term of the policy
LIC's Jeevan Lakshya
Plan No 933
3 Year Premium Free
Saving plan which offers a combination of both protection and savings.- LIC’s Jeevan Lakshya is a Non-linked, Participating, Individual, Life Assurance plan which offers a combination of protection and savings. This plan provides for Annual Income benefit that may help to fulfill the needs of the family, primarily for the benefit of children, in case of unfortunate death of Policyholder any time before maturity and a lump sum amount at the time of maturity irrespective of survival of the Policyholder. This plan also takes care of liquidity needs through its loan facility
- Minimum Basic SumAssured : ₹ 100,000
- Maximum Basic SumAssured : No limit
- Policy Term : 13 to 25 years
- Premium Paying Term : (Policy Term – 3) years
- Minimum Age at entry : 18 years (last birthday)
- Maximum Age at entry : 50 years (nearer birthday)
- Maximum Maturity Age : 65 years (nearer birthday)
- Death Benefit: :Sum of 110% of Basic Sum Assured, which shall be payable on date of maturity and Annual Income Benefit equal to 10% of the Basic Sum Assured, which shall be payable from the policy anniversary coinciding with or following the date of death of Life Assured, till the policy anniversary prior to the date of maturity
- Maturity Benefit: : On Life Assured surviving the policy term, provided the policy is in-force, “Sum Assured on Maturity” along with vested Simple Reversionary bonuses and Final Additional bonus, if any, shall be payable. Where “Sum Assured on Maturity” is equal to Basic Sum Assured.
- Participation in Profits:The policy shall participate in profits of the Corporation and shall be entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporation, provided the policy is in- force.
- LIC’s Accidental Death and Disability Benefit Rider
- LIC’s Accident Benefit Rider
- LIC’s New Critical Illness Benefit Rider
Premiums can be paid regularly during the premium paying term at yearly, half-yearly, quarterly or monthly mode (through NACH only) or through salary deductions over the premium paying term of the policy
MoneyBack Plans
LIC's NEW MONEY BACK PLAN
Plan No 920-20-15
5 Year Premium Free
Get 20% of the Basic Sum Assured shall be payable at the end of each of 5th, 10th & 15th policy year. Last 5 years are free, need to pay for only 15 years.- LIC's New Money Back Plan-25 years is A Non-Linked, Participating, Limited Premium, Individual, Life Assurance plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term. This unique combination provides financial support for the family of the deceased policyholder any time before maturity and lump sum amount at the time of maturity for the surviving policyholders. This plan also takes care of liquidity needs through its loan facility.
- Minimum Basic SumAssured : ₹ 100,000
- Maximum Basic SumAssured : No limit
- Policy Term : 25 years
- Premium Paying Term : 20 years
- Minimum Age at entry : 13 years (last birthday)
- Maximum Age at entry : 45 years (nearer birthday)
- Maximum Maturity Age : 70 years (nearer birthday)
- Death Benefit: DThis Rider can be opted for under an in-force policy at any time within the premium paying term of the Base plan provided the outstanding premium paying term of the base plan is atleast 5 years. The benefit cover under this rider shall be available during the policy term. If this rider is opted for, in case of accidental death, the Accident Benefit Sum Assured will be payable in lumpsum.
- Maturity Benefit: : Settlement Option is an option to receive Maturity Benefit in instalments over the chosen period of 5 or 10 or 15 years instead of lumpsum amount under an in-force as well as paid-up policy. This option can be exercised by the Policyholder during minority of the Life Assured or by Life Assured aged 18 years and above, for full or part of Maturity proceeds payable under the policy. The amount opted for by the Policyholder/Life Assured (ie. Net Claim Amount) can be either in absolute value or as a percentage of the total claim proceeds payable.
- Participation in Profits:The policy shall participate in profits of the Corporation and shall be entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporation, provided the policy is in-force.
- LIC’s Accidental Death and Disability Benefit Rider
- LIC’s Accident Benefit Rider
- LIC’s New Term Assurance Rider
- LIC’s New Critical Illness Benefit Rider
Premiums can be paid regularly during the premium paying term at yearly, half-yearly, quarterly or monthly mode (through NACH only) or through salary deductions over the premium paying term of the policy
LIC’s NEW MONEY BACK PLAN - 25 YEARS
Plan No 921-25-20
5 Year Premium Free
Get 15% of the Basic Sum Assured shall be payable at the end of each of 5th, 10th, 15th & 20th policy year. Last 5 years are free, need to pay for only 20 years.- LIC's New Money Back Plan-20 years is A Non-Linked, Participating, Limited Premium, Individual, Life Assurance plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term. This unique combination provides financial support for the family of the deceased policyholder any time before maturity and lump sum amount at the time of maturity for the surviving policyholders. This plan also takes care of liquidity needs through its loan facility.
- Minimum Basic SumAssured : ₹ 100,000
- Maximum Basic SumAssured : No limit
- Policy Term : 20 years
- Premium Paying Term : 15 years
- Minimum Age at entry : 13 years (last birthday)
- Maximum Age at entry : 50 years (nearer birthday)
- Maximum Maturity Age : 70 years (nearer birthday)
- Death Benefit: Death benefit payable in case of death of the Life Assured during the policy term provided the policy is in-force (i.e. all due premiums have been paid) shall be “Sum Assured on Death” along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any. Where “Sum Assured on Death” is defined as higher of 125% of the Basic Sum Assured or 7 times of annualized premium. This death benefit shall not be less than 105% of the total premiums paid upto the date of death
- Maturity Benefit: : On Life Assured surviving to the end of the policy term, provided the policy is in-force, “Sum Assured on Maturity” along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable. Where “Sum Assured on Maturity” is equal to 40% of the Basic Sum Assured
- Participation in Profits:The policy shall participate in profits of the Corporation and shall be entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporation, provided the policy is in-force.
- LIC’s Accidental Death and Disability Benefit Rider
- LIC’s Accident Benefit Rider
- LIC’s New Term Assurance Rider
- LIC’s New Critical Illness Benefit Rider
Premiums can be paid regularly during the premium paying term at yearly, half-yearly, quarterly or monthly mode (through NACH only) or through salary deductions over the premium paying term of the policy
LIC's New Bima Bachat
Plan No 916
Single Premium Plan for 9,12,15 years Only and get 15% money back every 3 years.
- Premium is paid in lump sum at the outset of the policy. It is a money-back plan which provides nancial protection against death during the policy term with the provision of payment of survival benets at specied durations during the policy term. In addition, on maturity, the single premium shall be returned along with Loyalty Addition, if any. This plan also takes care of liquidity needs through its loan facility.
- Minimum Basic Sum Assured : ₹ 35,000 for term 9 years
₹ 50,000 for term 12 years
₹ 70,000 for term 15 years
- Maximum Basic Sum Assured : No limit
- Policy Term : 9, 12 and 15 years
- Minimum Age at entry : 15 years (last birthday)
- Maximum Age at entry : 50 years (nearer birthday)
- Maximum Maturity Age : [59] years (nearer birthday) for term 9 years
[62] years (nearer birthday) for term 12 years
[65] years (nearer birthday) for term 15 years
- Death Benefit: This is an option to receive death benefit in instalments over the chosen period of 5 or 10 or 15 years instead of lump sum amount. This option can be exercised by the Policyholder during minority of the Life Assured or by Life Assured aged 18 years and above, during his/her life time; for full or part of Death benefits payable under the policy. The amount opted for by the Policyholder/Life Assured (ie. Net Claim Amount) can be either in absolute value or as a percentage of the total claim proceeds payable.
- Maturity Benefit: : On Life Assured surviving to the end of the
policy term, “Sum Assured on Maturity” along with Loyalty
addition, if any, shall be payable.
Where “Sum Assured on Maturity ” is equal to Single Premium paid excluding taxes, Rider premium(s) and extra premium, if any.
- LIC’s Accidental Death and Disability Benefit Rider
- LIC’s New Term Assurance Rider
Single Premium only
Term Insurance Plans
LIC's JEEVAN KIRAN
Plan No 870
GET PROTECTION TILL MATURITY RETURN OF PREMIUM THERE AFTER
LIC’s Jeevan Kiran
- Benefits Life insurance coverage in case of unfortunate death. Return of total premiums paid (excluding any extra premium, any rider premium and taxes) in case of survival till maturity.
-
Flexibility to
- Choose from Single Premium and Regular Premium Payment.
- Choose the period for which protection is required.
- Opt for payment of benefit in instalments.
- Benefit of attractive High Sum Assured Rebate.
- Two categories of premium rates namely (1) Non-Smoker rates and (2) Smoker rates. The application of Non-Smoker rates shall be based on the findings of the Urinary Cotinine test. In all other cases, the Smoker rates will be applicable.
- Option to enhance coverage by opting for Accident Benefit Rider / Accidental Death Disability Benefit Rider on payment of additional premium for the rider benefit.
- Minimum Age at Entry : 18 years (last birthday)
- Maximum Age at Entry : 65 years (last birthday)
- Minimum Age at Maturity: 28 years (last birthday)
- Maximum Age at Maturity: 80 years (last birthday)
- Policy Term: 10 years to 40 years
- Premium Payment Term:
- Under Regular Premium: Same as Policy Term
- Under Single Premium: Not applicable
- Minimum Basic Sum Assured: ₹ 15,00,000/-
- Maximum Basic Sum Assured: No limits, subject to underwriting decision*
-
Death Benefit:
Death benefit payable on death of the life assured during the policy term after the date of commencement of risk but before the date of maturity shall be “Sum Assured on Death”.
Under Regular Premium Payment Policy, “Sum Assured on Death” is defined as the highest of 7 times of Annualized Premium.
-
Maturity Benefit:
On Life Assured surviving the stipulated Date of Maturity, “Sum Assured on Maturity” shall be payable, where “Sum Assured on Maturity” is equal to “Total Premiums Paid” under Regular Premium Payment policy and “Single Premium Paid” under Single Premium Payment Policy.
- Single Premium Payment: LIC’s Accidental Death and Disability Benefit Rider (UIN: 512B209V02) shall be available under single premium payment and the policyholder can opt for this rider at the inception only.
- Regular Premium Payment: The policyholder can opt between either of the LIC’s Accidental Death and Disability Benefit Rider (UIN: 512B209V02) OR LIC’s Accident Benefit Rider (UIN: 512B203V03) under regular premium payment.
- Accidental Death and Disability Benefit Rider
- LIC’s Accident Benefit Rider
- Settlement Option (for Maturity Benefit)
Regular premium or Single premium payment options are available under this plan. In case of Regular Premiums payment, the premium can be paid regularly with mode of premium payment as yearly or half-yearly only.
LIC's JEEVAN AMAR
Plan No 955
GET PROTECTION FINANTIAL PROTECTION FOR FAMILY RETURN OF 7 TIMES MORE ON DEATH
LIC’s Jeevan Amar
-
For Regular premium and Limited premium payment policy, “Sum
Assured on Death” is defined as the highest of:
- 7 times of Annualised Premium; or
- 105% of “Total Premiums Paid”upto the date of death; or
- Absolute amount assured to be paid on death.
125% of Single Premium. - “Annualized Premium” shall be the premium payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any, and
- “Total Premiums Paid” means total of all the premiums received, excluding any extra premium, any rider premium and taxes.
-
Absolute amount assured to be paid on death shall depend on Death Benefit
Option chosen at the time of taking this policy and is as under:
- Option I: Level Sum Assured Absolute amount assured to be paid on death shall be an amount equal to Basic Sum Assured, which shall remain the same throughout the policy term.
- Option II: Increasing Sum Assured Absolute amount assured to be paid on death shall remain equal to Basic Sum Assured till completion of fifth policy year. Thereafter, it increases by 10% of Basic Sum Assured each year from the sixth policy year till fifteenth policy year till it becomes twice the Basic Sum Assured. This increase will continue under an inforce policy till the end of policy term; or till the Date of Death; or till the fifteenth policy year, whichever is earlier. From sixteenth policy year and onwards, the Absolute amount assured to be paid on death remains constant i.e. twice the Basic Sum Assured till the policy term ends.
- Minimum Age at Entry : 18 years (last birthday)
- Maximum Age at Entry : 65 years (last birthday)
- Minimum Age at Maturity: 28 years (last birthday)
- Maximum Age at Maturity: 80 years (last birthday)
- Policy Term: 10 years to 40 years
- Premium Payment Term:
- Under Regular Premium: Same as Policy Term
- [Policy Term minus 10] years for PolicyTerm [15 to 40] years
- Minimum Basic Sum Assured: ₹ 1,00,000/-
- Maximum Basic Sum Assured: No limits, subject to underwriting decision*
-
Death Benefit:
Death benefit payable on death of the Life Assured during the policy term after the date of commencement of risk but before the date of maturity, provided the policy is inforce and claim is admissible shall be “Sum Assured on Death”
Under Regular Premium Payment Policy, “Sum Assured on Death” is defined as the highest of 7 times of Annualized Premium.
-
Maturity Benefit:
On survival of the life assured to the end of the policy term, no maturity benefit is payable.
- Optional Riders:
The policyholder has an option of availing LIC’s Accident Benefit Rider (UIN:512B203V03) under Regular Premium and Limited Premium payment mode by payment of additional premium during the Premium Paying Term, provided the outstanding premium paying term is atleast five years. The benefit cover under this Rider shall be available during the Premium Paying Term only or up to the policy anniversary on which age nearest birthday of the Life Assured is 70 years, whichever is earlier. If this rider is opted for, in case of accidental death, the Accident Benefit Rider Sum Assured will be payable as lumpsum along with the death benefit under the base plan. - Option to take Death Benefit in instalments::
This is an option to receive Death Benefits in instalments over a period of 5 years instead of lump sum amount under an inforce policy. This option can be exercised by Life Assured during his/her lifetime; for full or part of Death benefits payable under the policy. The amount opted for by the Life Assured (i.e. Net Claim Amount) can be either in absolute value or as a percentage of the total claim proceeds payable
Regular Premium, Limited Premium or Single Premium payment options are available under this plan. In case of Regular and Limited Premium payment, the premium can be paid regularly during the Premium Paying Term with modes of premium payment Yearly or Half Yearly.
SafeSaving