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These policies are planned to provide sums required as anticipated expenses (marriage, education, etc) over a stipulated period of time. With inflation becoming a big issue, insurance companies have realized that sometimes the money value of the policy is eroded. That is why with-profit policies are also being introduced to counterbalance some of the losses incurred on account of inflation. A portion of the sum assured is payable at regular intervals. On survival of the customer the remainder of the sum assured is payable. In case of death, the full sum assured is payable to the legal heirs of insured. The premium is payable for a specific period of time.