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This product is a conventional whole life product, whereby monthly premiums will be payable for a term or until a specific age, selected at the outset of the policy.

On death of the policyholder, the sum assured is re-invested into an annuity certain, where the term of annuity is specified by policyholder in advance and payments are made monthly maximum 10 years. The policyholder is covered for the whole of life irrespective of the premium paying term.

There should be a minimum waiting period of 6 months during which, on death only a return of premiums will be paid.In the event of accidental death occurring during months 1 to 6, the whole sum assured should be paid out (i.e. this over rides the provisions given above)