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Mutual Term Assurance

Mutual Term Assurance

The Mutual Term Assurance provides a simple and affordable way to provide a lump sum to your beneficiaries in case of death. With optional coverage for accidental death, critical illness, and permanent disability, this plan creates a financial safety net for your family.

About This Plan

Mutual Term Assurance (MTA) is an affordable life insurance plan that provides financial protection for your loved ones by paying a lump sum benefit in the event of death during the policy term.

Additional Protection

  • Accidental Death Cover

    Provides an additional benefit if death occurs as a result of an accident during the policy term.

  • Critical Illness Cover

    Offers financial support upon the diagnosis of covered critical illnesses, helping you manage treatment and recovery costs.

  • Permanent Disability Cover

    Provides added financial security if the life assured suffers a permanent disability covered under the policy.

Similar Plans

Individual Savings And Protection Plan

Individual Savings And Protection Plan

This is an Endowment Assurance policy, which provides for the payment of benefits on either of two events: i. On the death of the life assured within the period of assurance, or ii. On the survival of the life assured to the end of the period of assurance. The product provides for the payment of the benefit to other person(s) on the death of the life assured, or to the assured on survival to the end of the period of assurance.When analyzed in terms of protection and investment, an Endowment Assurance is simply a combination of two basic products – Term Assurance and Pure Endowment. The Term element guarantees the payment of the sum assured on the death of the life assured during the period of assurance. The Capital Sum provided by the Pure Endowment enables the life office to pay the sum assured on survival to the end of the agreed period. The minimum entry age is 18 years, and the maximum age of entry is 60 years.