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Does top-up contribution over and above the regular premium result in an increase in the insurance cover?

April 26, 2017contribution cover increase Insurance Premium regular Top-Up

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Does top-up contribution over and above the regular premium result in an increase in the insurance cover?

1 Answer

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No, the top-up contribution does not affect the basic insurance amount (sum assured) under the policy. The top-up contribution however, adds up to the benefit, which is available to the policyholder, upon maturity of the policy.