Hi Master, I contacted BSLI for paid up benefits after 3 yrs. This is what they replied:
"we wish to inform you that after the paying premium full 3 years if you unable to pay future premium you can continue you can continue the policy on paid up basis.

On exercise this options:
1) Guaranteed surrender benefit as on paid up date will be kept constant and paid to you if and when you decide to surrender the policy or on maturity date.
2) Guaranteed death benefit will be reduced depending on surrender factor applicable when it becomes paid up.
3) Accidental death benefit rider will cease.
4) Bachat additions and loyalty addition will continue based on the sum of MBPs paid."

Now my confusion is that on 1st point. Even if I surrender say after 10yrs then the surrender factor would remain 30% (as on paid up date). Whereas policy says after 10 yrs it is 100%. What's your opinion? I've again asked them to elaborate with illustration, what will I get. Waiting for next reply.

Regards
Mona