Rahul
07-10-2016, 01:04 PM
New & Advanced features of New iTerm:
Premium can now be paid on a monthly, half-yearly, and annually basis as opposed to previously when the customer was required to make annual payments
The maximum maturity age has been raised to 80 years, raising the maximum policy term to 62 years
The product now also offers flexibility to choose death benefit payout:
1. As a lump-sum payment, or
2. As fixed monthly income for 100 months, or
3. As a combination of the above
Premium can now be paid on a monthly, half-yearly, and annually basis as opposed to previously when the customer was required to make annual payments
The maximum maturity age has been raised to 80 years, raising the maximum policy term to 62 years
The product now also offers flexibility to choose death benefit payout:
1. As a lump-sum payment, or
2. As fixed monthly income for 100 months, or
3. As a combination of the above