Iraksha Supreme Benefits
Death Benefit: Life is uncertain and our objective should be that in case of an unfortunate incident, our family should be financially well protected. In case of unfortunate demise of the insured during the policy term, the Death Benefit as stated below will be paid to the nominee / legal heir.
Death Benefit = Higher of:
Death benefit payout will be made subject to the policy being in force.
Annualised Premium shall be the premium paid in a year with respect to the basic sum assured chosen by the policy holder, excluding the underwriting extra premiums and loading for modal premiums, if any
Total Premiums Paid means amount equal to the total premiums paid during the premium paying term of the policy. Such amount should be excluding interest, tax, underwriting extra premium and loading for modal premiums, if any