Whole Life Assurance plan is a unique combination of protection and savings which can be purchased at very economical premium payable annually or in half-yearly, quarterly or monthly instalments.

Death at any time before age 85 years terminates payment of premium and the Sum Assured plus bonuses, if any, become payable. In the event the insured survives to the policy anniversary nearest age 85 years the policy matures and the Sum Assured plus bonuses becomes payable.

After two years' premium have been paid the policy acquires surrender and other Non-Forfeiture values which keep on incresing with the payment of each subsquent instalment of premium. Whenever the need arises, the policy can be surrendered for its surrender value or policy loan can be taken upto 80% of surrender value of policy.

Under this plan the rates of bonuses are usually much higher than the other plans and they help in increasing not only protection but also the investment element of the policy substantially.