| Features: |
| This plan of assurance is designed to meet the needs of those who are initially unable to pay the larger premium required for a Whole Life or Endowment Assurance Policy, but hope to be able to pay for such a policy in the near future. This plan would be found useful also in cases where it is desired to leave the final decision as to the plan to a later date when, perhaps a better choice could be made. Policy holders get an option of converting a policy into endowment assurance or limited payment whole life assurance |
| The Two-year Term Assurance |
| Features: |
- The Two Year Temporary Assurance policy is designed for the insuring public who requires risk cover for a maximum of two years.
- Under the Two Year Temporary Assurance policy a single premium is required to be paid at the outset of the policy to cover the entire period of term.
- The proposer is required to pay the medical examination fee. The proof of age must also accompany the proposal.
- The policy issued will be only under the 'Without Profits' plan.
- The policy is not entitled to any surrender value.
- No loan will be granted against the Two Year Temporary Assurance policy.
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| Suitable For: |
| The Two Year Temporary Assurance policy caters to the individuals who specifically require insurance cover against risk for a short period of two years, for instance persons who are required to go on tours for instance for a year or so. |
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