What is the benefit offered by the Chola Income Shield Insurance?

Under this benefit, offered to users of Savvy, the policy pays a lumpsum benefit to the insured person in the event of loss of job (i.e., loss of monthly income) during the policy period. 

The lumpsum benefit will be equal to 3 times the monthly gross salary. Kindly note the benefit will be capped at Rs. 1,50,000.