Description

This is a with profit Endowment Plan. Under this plan, the sum assured with vested bonus is payable either on the date of maturity or on earlier death. The premium paying term is same as the policy term.

Benefits

• Maturity Benefit: Sum Assured with Vested Bonus is payable on survival to the end of the policy term, in case the policy is in full force.
• Death Benefit: Sum Assured with Vested Bonus is payable on death of the life assured during the policy term, in case the policy is in full force.

Features

• This is a with profit policy.
• Minimum sum assured is Rs. 10,000/- and maximum sum assured is Rs. 3, 00,000/-.
• Minimum age at entry is 18 years old (age last birthday) and maximum age at entry is 65 years old (age nearest birthday). Available policy term is 5 to 49 years.
• The policy becomes paid up if at least three full years premiums have been paid. The policy can be surrendered after completion of three full years with no due premiums.
• Loan is available under the policy after the completion of three years up to 90% of the surrender value.
• There is no rider policy available under this plan.