If, unfortunately, the insured dies of natural causes before the maturity date, the amount of Account value or Face Amount of MFDPP Assurance – 2.1 whichever is higher on the date of death will be paid to the designated beneficiary. 

Benefits payable on death of MFDPP Assurance – 2.1 assured before maturity due to accidental injury:

1. The Account Value of the MFDPP - Assurance 2.1 or the face amount of the policy, whichever is higher, and

2. Up to 100% of the face amount shall be paid to the designated beneficiary on account of accidental death, any prior-claimed accidental benefit will be deducted.

If the MFDPP-Assurance 2.1 is completed without any loss under the insurance coverage, 100% of the Account Value of the policy will be paid to the insured.

In case of Accidental permanent partial disability, disability, or dismemberment covered under the insurance cover of the insured before maturity:

1. A predetermined percentage of the Face Amount shall be paid.

2. The policy will be in force; and

3. On maturity, the company will pay 100% of the Account Value to the insured. 

In case of damage caused by multiple accidents covered under the insurance cover, the compensation shall not exceed 100% of the Face Amount.

In case of death of the insured after receiving benefit for accidental partial loss, disability or dismemberment, the Company shall pay to its designated beneficiary the Account Value of the MFDPP-Assurance 2.1 or the Face Amount of the policy, whichever is higher; and the remaining percentage of the value of the death caused by accident shall be paid if accidental death occurs within 365 days from the date of occurrence of the accident.

Provided, that in case of accidental death occurring after 365 days from the date of occurrence of the accident, the amount payable to the beneficiary shall be limited to the maximum of Face Amount or the Account Value whichever is higher.

If the insured meets with an accident before the maturity and suffers permanent total disability:

1. 100% of the Face Amount less any other amount paid or payable for Accidental permanent partial disability, disability, or dismemberment shall be paid.

2. The policy will be in force; and

3. On maturity, the company will pay 100% of the Account Value to the insured. 

In the event of the death of an insured after receiving such permanent total disability benefit, designated beneficiary will be paid the Account Value or the Face Amount of the MFDPP – Assurance 2.1, whichever is higher. 

The policy will terminate after death of insured.