FAMILY INCOME BENEFIT (FIB)

FIB Sum Insured can be up to a maximum of the Basic Policy Sum Insured.

 

Benefit:

In case of insured’s death, an annual benefit of 10% to 50% (whatever the insured had chosen at the policy issue) of the FIB sum insured will be payable monthly till the expiry of the rider. This will be in addition to the benefits under the basic policy.

 

Expiry of the rider:

The date when the rider completes its policy term.

 

Minimum age at entry:

18 years

 

Maximum age at entry:

60 years

 

Minimum term:

10 years

 

Maximum term:

Equal to the basic policy premium paying term or till the insured’s turns 70, whichever is earlier. The term can also not exceed 45 years.