Endowment with Profit

Features

• Moderate Premiums
• High bonus
• High liquidity
• Savings oriented

This policy not only makes provisions for the family of the life assured in the event of his early death but also assures a lump sum at a desired age. The lump sum can be reinvested to provide an annuity during the remainder of his life or in any other way considered suitable at that time.

Premiums are usually payable for the selected term of years or until death if it occurs during the term period.

Special Features

Disability Benefit

In case the individual becomes totally and permanently disabled due to an accident before attaining age 70 when the policy is in force, he will not have to pay further premiums, (the Disability Benefit is available in respect of the first Rs.20,000 sum assured on any one life) and your policy will continue to be in force.

Accident Benefit

By paying a small extra premium of Rs.1 per Rs.1000/- sum assured per year the individual or his family is entitled to the following benefits on death or permanent disability caused by accident. Students above 18 yeas of age can also avail of this benefit.

Premium Stoppage

If payment of premiums ceases after at least THREE years' premiums have been paid , a free paid-up policy for a reduced sum assured will be automatically secured provided the reduced sum assured, exclusive of any attached bonus, is not less than Rs. 250/-. The reduced sum assured will become payable on the event as stipulated in the policy..

Bonus

If there's anything extra payable besides the sum assured at the time of claim settlement it will only be for ‘with profits’ policy. The corporation distributes its profits among policyholders having ‘with profits’ polices in the form of bonuses. Substantial bonuses have been declared in the past after each valuation of policy liabilities.

Benefits

Survival Benefits

Payment of full Sum Assured + Vested Bonus + Final Additional bonus, if any.

Death Benefits

Payment of full Sum Assured plus vested bonus.

Policy Parameters

Entry Age	Min	Max
	12	65
Sum Assured	50000	No limit
Term	5	55

Mode of Payment	Max Maturity Age	Policy loan available	Acceptable as Housing loan
Monthly, Quarterly, Half Yearly, Yearly, Salary Savings Scheme	75 Years	Yes	No

Suitable For

Being an endowment assurance policy, this plan is apt for people of all ages and social groups who wish to protect their families from a financial setback that may occur owing to their demise. The amount assured if not paid by reason of his death earlier will payable at the end of the endowment term where it can be invested in an annuity provision for the rest of the policyholder's life or in any other way he may think most suitable at that time.

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