If the insured is alive, the company will pay annuity benefits to the insured based on a percentage of sum assured, according to the table below on the policy anniversary date starting from the policy anniversary date when the insured reaches age 60 until the policy anniversary when the insured reaches age 90.

In case the insured passes away during annuity guarantee period
The company will pay the following benefits to beneficiary, whichever is higher
1)The present value of the remaining installments in the guarantee period as of the date of the insured’s death or
2)The total premiums paid deducted by the total annuity benefits already paid by the company to the insured

In case the insured passes away after annuity guarantee period
The company will pay the total premiums paid deducted by the total annuity benefits already paid by the company to insured