Unlike ordinary endowment insurance plans where the survival benefits are payable only at the end of the endowment period, this scheme provides for periodic payments of partial survival benefits as follows during the term of the policy, of course so long as the policy holder is alive.

   

• In the case of a 12-year policy (Table 73), 20% of the sum assured becomes payable each at the 4th and 8th years, and the balance 60% plus the accumulated bonus at the end of the 12-year term.
  
  

• Similarly, for a policy of 15 years (Table 74), 25% of the sum assured is payable each after 5 and 10 years, and the balance 50% of the sum assured together with the accumulated bonus at the end of the 15th year.
  
  
• In the case of a 20-year Money-Back Policy (Table 75), 20% of the sum assured becomes payable each after 5, 10, 15 years, and the balance of 40% plus the accrued bonus become payable at the 25th year.
  
  
• For a Money-Back Policy of 25 years (Table 93), 15% of the sum assured becomes payable each after 5, 10, 15 and 20 years, and the balance 40% plus the accrued bonus become payable at the 25th year.

An important feature of this type of policies is that in the event of death at any time within the policy term, the death claim comprises full sum assured without deducting any of the survival benefit amounts, which may have already been paid as money-back components. Similarly, the bonus is also calculated on the full sum assured. 

The extra premium for this benefit is very reasonable and well worth it, unlike in the case of the whole life anticipated policy.

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