This is a limited premium paying term conventional With-Profits Endowment Assurance plan where premium paying term is less than policy term by three years.

 

Premium Payment Mode:Yearly, Halfly, Quarterly, Monthly(ECS)

 

Term: 13 to 25 Years

 

PPT : (Policy Term - 3) Years

 

Minimum Entry Age : 18Years Completed

 

Maximum Entry Age: 50Years (Nearest Birthday)

 

Maximum Maturity Age : 65 Year (Nearest Birthday)

 

Minimum Sum Assured : Rs. 1,00,000

 

Maximum Sum Assured : NO LIMIT (Depending upon Income)

Maximum Accidental Death and Disability Benefit Rider up to age 65.

 

Policy Benefits :

 

Benefits payable on death: Sum Assured on Death + Bonuses and Final Additional Bonus, if any, shall be payable in following manner.

• Annual Income Benefit equal to 10% of the Basic Sum Assured (till policy anniversary prior to date of maturity).

• Assured Absolute Amount of 110% of Basic Sum Assured, payable (on due date of maturity).

• Along with Bonuses and Final Additional Bonus, if any, on maturity. (on due date of maturity).

 

On Survival :

• On survival Basic Sum Assured + Vested Bonus + FAB if any.

 

Surrendered Value:

• The Policy can be surrendered at any time during the policy term provided atleast 2 full years premiums have been paid.

 

Loan :

• Available after payment of premium of 2 full years.

 

Income Tax Benefit:

• Premium paid under this plan is eligible for TAX rebate under section 80c.

• Maturity under this plan is free under sec 10(10D).

 

For more information Contact Us.