* Contribution:

The money paid to us for life assurance cover and for the investment plan.

* Policyholder:

The person who has purchased this Plan.  He must be above the age of 18

* Beneficiary:

Anyone or child this Plan is purchased for. You may be required to name more than one beneficiary especially if the child is below the age of 18. That secondary beneficiary may be an individual or Trustees who will administer the Tuition Benefit on your behalf.

* Tenor:

The duration this Plan is valid for. Tuition Benefit Plan enables you choose a period between 5 and 21 years for the term of this policy.

* Death Benefit:

The Total sum you want your beneficiary to get should death occur. This is determined at the inception of the policy and can be escalated by 10, 15 and 20% annually. This can be either received as a lump sum or paid in instalments to the named beneficiary.

* Waiver of Premium:

The contribution will continue to be paid by ARM Life in the case of the death, permanent disability or critical illness of the policyholder. The Maturity Benefit in this case will be paid to the Beneficiary by the Company at the maturity date of the policy.

* Family Income Benefit:

The lump sum of the Death Benefits paid in instalments to the named beneficiary. This can be paid monthly, quarterly, half yearly or yearly.

* Maturity:

The period the Plan reaches full term as specified by the policy-holder.

* Maturity Benefit:

The total sum that will be received by the policyholder or the beneficiary at the end of the term.

*Riders

An endorsement to your policy that adds additional coverage on our liability for payment of benefits under certain conditions.Riders can provide more coverage to you.

* Waiting Period

The period that the policy will be active for before claims can be paid. The waiting period for this plan is 6 months

* Critical Illness

If the policyholder suffers a critical illness as defined in the Policy document, the policy-holder will be paid the sum assured. The liability of the company on the death benefit thereafter ceases.

* Double Accident Benefit

The double of the sum assured will be paid to the beneficiary should the policy-holder die by accident.

* Sum Assured

The guaranteed sum (amount) payable in event of the death of the Life Assured.