After the death of the policyholder, no premium will have to be paid, and as agreed upon while buying the policy, the guaranteed annual payouts will be provided at the specific points in the policy term.
The Tranche II Issue, with base issue size, is Rs. 100 crore also comes with an option to retain oversubscription up to Rs. 400 crore aggregating up to Rs. 500 crore which is within the Shelf Limit of Rs 2000 crore.