1) The plan provides lump sum on death of the insured during the term of the policy. The lump sum payable starts with initial Face Amount and decreases every year and is as shown in the policy schedule.

2) The amount of coverage is level during the policy year and changes only on the following policy anniversary.

3) It is a Single Premium Policy where the Single Premium is payable at the inception of the policy.

4) In the event of prepayment of the mortgage loan, the guaranteed surrender value will become payable. The guaranteed surrender value is a specified percentage of the single premium on a sliding scale.

5) ) The plan is a Non Participating one and hence all Premium rates, Sum Assured and Surrender Values are guaranteed upfront. Surrender Value is applicable only in case of single Premium option.

6) No riders are available with this policy.