The beneficiary gets a cash lump sum on death of the life assured.
A pure term plan, where you get sizeable life cover for a comparatively lower premium, provided you maintain your premium until the full term.
Your premium is fixed at the outset and guaranteed not to increase.
Under the Guaranteed Insurabilty Option you can increase guaranteed sum assured up to a limit, without undergoing further underwriting requirements or medical evidence.
The GPPP is normally free of all restrictions as to travel, residence and occupation.
Based on the current foreign exchange rules the plans can be transferred to India.
Can be assigned to a trust.
