(a) Death Benefit:
Death during first five policy years: Provided the policy is in full force, Basic Sum Assured along with accrued Guaranteed Additon shall be paid as lump sum or in the form of an annuity or partly in lump sum and balance in the form of an annuity to the nominee/legal heir at the then prevailing immediate annuity rates.
Death after first five policy years: Provided the policy is in full force, Basic Sum Assured along with accrued Guaranteed Additon, vested Simple Reversionary Bonuses and Final Additonal Bonus, if any, shall be paid as lump sum or in the form of an annuity or partly in lump sum and balance in the form of an annuity to the nominee/legal heir at the then prevailing immediate annuity rates.

(b) Participaton in profits:
The policy shall partcipate in profits from the 6th policy year onwards tll the end of the deferment period and at such rates as may be declared by the Corporaton provide the policy is kept in force for full Sum Assured.
Final Additonal Bonus, if any, may also be declared under the policy depending upon the experience of the Corporaton and shall be payable either on vesting or on earlier death provided the policy has run for certain minimum term.

(b) Optonal Benefit:
LIC’s Accidental Death and Disability Benefit Rider: LICs Accidental Death and Disability Benefit Rider is available as an optional rider by payment of additonal premium. In case of accidental death, the Accident Benefit Sum Assured will be payable as lumpsum along with the death benefit under the basic plan. In case of accidental permanent disability arising due to accident (within 180 days from the date of accident), an amount equal to the Accident Benefit Sum Assured will be paid in equal monthly installments spread over 10 years and future premiums for Accident Benefit Sum Assured as well as premiums for the portion of Basic Sum Assured which is equal to Accident Benefit Sum Assured under the policy, shall be waived.