This is the best form of life assurance for family provision since it enables the Life Assured to pay all the premiums during the ordinarily vigorous and most productive years of life, relieving him from the necessity of making payments later in life when they might become a burden.

With Profits Limited Payments Policies do not cease to participate in profits after completion of the premium paying period but continue to share in the periodical Bonus Distribution until the death of the Life Assured.

If payment of the premiums ceases after at least three years premiums have been paid, but before completion of the premium paying period, a free paid up policy for an amount bearing the same proportion to the Sum Assured as the number of premiums actually paid bears to the number stipulated for in the Policy, will be automatically secured provided the reduced Sum Assured, exclusive of any attached Bonus is not less than Rs.250/-. 

Such reduced paid-up Policy will not be entitled to participate in the profits declared thereafter, but such Bonus as has already been declared on the Policy will remain attached thereto. The premium paying term of this plan is lower of 25 years or seventy minus age at entry. Restriction on premium paying term if the overweight percentage exceeds 30 percent.

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