Common use of Purchase Paid Up Additions Clause in Contracts

Purchase Paid Up Additions. 1) You have an option to utilize the Cash Bonus(es) declared by Us, if any, as premium for purchasing Paid Up Additions. Such Paid Up Additions shall participate in the future Cash Bonus(es) as and when declared by Us and shall mature along with this Policy. The Cash Bonus(es) will be declared on the Guaranteed Maturity Sum Assured and on the accrued Paid Up Additions, if any which were purchased and have not been withdrawn by You in the past.

Purchase Paid Up Additions. 1) You have an option to utilize the Cash Bonus(es) declared by Us, if any, as premium for purchasing Paid Paid-Up Additions. Such Paid Paid-Up Additions shall participate in the future Cash Bonus(es) as and when declared by Us and shall mature along with this Policy. The Cash Bonus(es) will be declared on the Guaranteed Maturity Sum Assured and on the accrued Paid Paid- Up Additions, if any which were purchased and have not been withdrawn by You in the past.