Annual Money Back Life Insurance Plan

Annual Money Back Life Insurance Plan


Annul Money Back Policy - With Profits:

Annual Money Back Plan is participating anticipated endowment plan. This plan is specially generated for those who wants the annual return back money in yearly basis. This product will be beneficial to those who is going to take loan from a financial institution. Person those who is earning regular income like salary also will be benefited from this product. 

Product for – Individual Person ( Male / Female) 

Policy Requirements:

Minimum Sum Assured : 500,000/-
Maximum Sum Assured : No limit ( As per Income Source)
Entry Age : 11 to 65 Years
Policy Term : 5 to 20 Years
Maximum Maturity Age : 70 Years
Rider Benefits : ADB ,MIB,PWB

 

Special Features:

Rebate on large Sum Assured:

Sum Assured: 5,00,000/- onwards

Rebate: Rs. 2/-

Rebate on Premium Paying Terms:

Mode of Payment Rebate
Yearly  2%
Half yearly 1%
Quarterly NIL
Monthly Additional 5%

 

 

Policy Benefits – Annual Money Back Policy With Profits:

 

1.Survival / Maturity Benefit :
-5% of Sum Assured is payable annually to Assured Person.
-On Survival to Maturity remaining Percentage of Sum Assured Along with Vested Bonus is payable.
2. Death Benefit :

Sum Assured and Vested Bonus 

3. Death Benefit due to Accident :

Additional amount equal to Sum Assured or Rs. 75,00,000/- whichever  is lower 

4. TPD Benefit due to Accident :

Full Sum Assured is payable in 120 monthly installment, Balancing installment shall be

payable  in lump sum on maturity or at death.

 

Other facilities:  

-Surrender Value
-Policy holder Loan
-Tax benefit As per ITA,058