Endowment Assurance Policy

Endowment Assurance Policy


 

 

This is combination of the term insurance and a saving plan whereby the assured amount is payable either on the completion of a specified number of years or in case of death, if it occurs earlier.

FEATURES
Plan Name: Endowment life Assurance Plan
Minimum Sum Assured: 50,000/-
Maximum Sum Assured: According to the income of Life Assurance
Entry Age: 11 Years to 65 Years
Maximum age at the end of premium paying term: 70 years
Term: min. 5 Years to max. 59 Years
Mode of paying method: Monthly, Quarterly, half Yearly, Yearly
Medical Requirement: As per Company Rule
Age Calculation Method: Age Nearer Birthday
Accidental Benefit: ADB/PWB/PTD Available up to Max. 75, 00,000/-
Loan Facility: 2 year complete premium paid should be require for taking loan.


OTHER FACILITIES
Surrender value, Paid up Value as per policy.


POLICY BENEFITS
1. Policy Mature  Benefit : Sum Assured + Accrued Bonus
2. Death Benefits: Within Term Period – full Sum Assured + Accrued Bonus up to Term Period during Death.
3. Accidental Death benefits: Sum Assured + Additional Sum Assured up to Max. 75 lacs or Actual sum Assured with ever is lower. + Accrued bonus up to Term Period during Death.
4. PTD/ PWB Benefits : Waiver of Premium during the term period of  policy after total permanent disability occurs  and monthly income benefits (MIB) provide to policy holder of Sum Assured  up to 120 months instalment basis and in case of remaining term to maturity be less than 120 months the balancing instalment will be payable in lump sum on maturity or at death, if earlier.