Have you been a part of a loyalty program? You get instant access to sale previews, discounts, milestone rewards & lots of freebies. The longer you stay a part of the program, the more benefits you enjoy! Guaranteed additions in life Insurance are applicable for ULIP and Endowment plans, and they work in the same way.
It is a way of rewarding you for staying insured for the long-term with your policy. Guaranteed additions start accruing from the end of policy year as specified in your product and are payable either on death, surrender or maturity, whichever is earlier.
Guaranteed addition
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