Two options are available. Under '5-5-5', the premium payment term is 5 years, the deferment period is 5 years and the payout period is 5 years, giving a policy term of 15 years. Under '7-7-7', the premium payment term is 7 years, the deferment period is 7 years and the payout period is 7 years, giving a policy term of 21 years. Under both options, the monthly payout you choose is payable at the beginning of every month during the payout period; an annual payout equal to 5 times the monthly payout is payable at the end of every policy year during the payout period, except in the last policy year at maturity; and a fixed maturity lump-sum is payable at the end of the policy term, equal to 40 times the monthly payout under '5-5-5' and 60 times the monthly payout under '7-7-7'. The minimum monthly payout is ₹10,000 and the maximum is ₹10,00,000, in multiples of ₹1,000.