Life & Income Secure (Increasing Income Benefit)
Under this option, a lump sum benefit equal to Sum Assured on Death, plus a monthly income of 0.5% of the Base Sum Assured, increasing at a simple rate of 10% p.a., for a period of 10 years is payable on the earlier of death or diagnosis of Terminal Illness during the Policy Term, provided the Policy is in force.
On Death / Diagnosis of Terminal Illness
Sum Assured on Death is paid as a lump sum benefit; plus
Increasing monthly income of 0.5% of Base Sum Assured increasing at a simple rate of 10% p.a. for 10 years