In the event of the death of the member of the scheme the sum assured designated for
that member becomes payable

• It is a yearly renewable term assurance
• It is a yearly renewable term assurance
• A single master policy and certificate are issued covering all the members
• The sum assured/benefits are at least 3
• times the annual total emolument for those in employment and any required flat/level benefit for other group
• The policy coverage is worldwide
• Sum assured is payable only on death or
• disappearance
• P r e m i u m a r e p a i d b y t h e
• employer/organization
• Minimum Age limit is 18 year