Privileges, conditions and provisions | Cash Back Benefits
| Payment of Death Benefits | Revocable Beneficiary
| Accident Benefit | Parent Benefit
| Spouse Benefit | Extended Family Benefit
| Children’s Benefit
The owner of the policy.
- Life (lives) Insured
People who are covered under the policy and whose names appear on the policy contract.
- Sum Insured
The amount payable by AVBOB when death occurs.
The amount payable by the Insured to procure the payment of the sum insured when the happening against which is insured,
occurs. This amount is payable monthly in advance.
The party (In this case AVBOB ) who bears the risk for payment of the beneft to another party when the named happening occurs.
- Premium Payer
The person who undertakes to pay the premiums per debit order/stop order/cash.
The premium payer, applicant and the Insured Life is the same person.
The premium payer and applicant are the same person but differ from the Insured Life.