It is a participating (with profits) insurance plan that offers the following features:

■ Payment of cash lumpsums, each of which is a proportion of the basic sum assured, at a regular interval during the term of the policy.
■ On survival up to maturity, a payment equal to the basic sum assured plus any bonus additions less the cash lumpsum paid earlier is provided.
■ In case of the unfortunate death of the life assured within the term of the policy, the basic sum assured plus any bonus additions is provided. This is over and above the earlier payouts.