Basic Death Cover. In the event of the death of the Life Assured before the maturity date specified in the (T.B. and C.), the Company will pay the sum assured shown in the (T.B. and C.), this amount being payable in one lump sum on proof of death of the Life Assured. After the payment of the sum assured, the Contract shall lapse.
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Basic Death Cover. In the event of the death of the Life Assured before the maturity date specified in the (T.B. and C.), the Company will pay the sum assured shown in the (T.B. and C.), or the amount increased in accordance with the sum assured’s variation rate, if any, as shown in the (T.B. and C.), this amount being payable in one lump sum on proof of death of the Life Assured. After the payment of the sum assured, the Contract shall lapse.
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Sources: Term Life Insurance Contract