Limited Payment (Endowment Cum Whole Life) Plan

Limited Payment (Endowment Cum Whole Life) Plan

Limited Payment Endowment Cum Whole Life Assurance Policy (with Profits)


Limited Payment Endowment Cum Whole Life Plan covers the features of both limited payment and whole life. It is a participating life product. In this policy, policyholders may pay premium for the limited of time and will cover risk for the whole life. The policyholder may choose the various premium paying term based on policy term. Premium paying term will be lesser than the policy term. 

Product for – Individual Person ( Male / Female)


Policy Requirements:

-Minimum Sum Assured     : 50,000/-
-Maximum Sum Assured   : No limit ( As per Income Source)
-Entry Age   : 11  to 65 Years
-Policy Term   : 5 to 30 Years
-Maximum Maturity Age   : 70 Years
-Rider Benefits   : ADB ,MIB,PWB


Special Features:

  • Premium Paying Term:

Policy Term ( Years)

Premium Paying Term  (Years)
5 1 ( Single)
10 1,5
15 1,5,10
20 1,5,10,15
25 1,5,10,15,20
30 1,5,10,15,20, 25


  • Rebate on large sum assured
Sum Assured Rebate
1,00,001 to 2,00,000 Rs. 1/-
2,00,001 onwards Rs. 2/-


  • Rebate on Premium Paying Terms
Mode of Payment Rebate
Yearly 2%
Half Yearly 1%
Quarterly  NIL
Monthly Additional 5%



Policy Benefits – Limited Payment Endowment Cum Whole Life Policy - with Profits

1.     Survival Benefit :

         Sum Assured and Vested Bonus up to Maturity Period

         Survival to Maturity Date (Age 100 Years):

         Sum Assured Only 

2.     Death Benefit within Policy Term Period :

        Sum Assured and Vested Bonus

        Death Benefit after Policy Maturity :

        Sum Assured Only

3.     Death Benefit due to Accident :

        Additional amount equal to Sum Assured or Rs. 1,00,00,000/- whichever  is lower

        Rider  Benefits ADB Covers upto Age 70 Years

4.    TPD Benefit due to Accident :

        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


Approval date from Beema Samiti: 31/05/2018

Date of first policy issue: 12/09/2018