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Endownment

Annual Money Back Policy

This plan is a participating profit type of anticipated endowment plan. Under this plan a fixed 5% of Sum Assured is payed to the policyholders every year starting from the second year till maturity. This product is specially designed for those who want a regular inflow of cash within the term.

Eligibility Criteria

  • Minimum Sum Assured: 100,000/-
  • Maximum Sum Assured: No Limit
  • Minimum Entry Age (Nearest Birthday): 18 years
  • Maximum Entry Age (Nearest Birthday): 55 years
  • Maximum Maturity Age: 75 years
  • Minimum Policy Term: 15 years
  • Maximum Policy Term: 20 years

Benefits/Special Features

  • Death Benefit: Sum Assured plus Bonus Declared and Vested.
  • Maturity Benefit: Remaining percentage of Sum Assured plus extra benefit as per table below, along with Bonus Declared and Vested.

Table: Extra Maturity Benefit

Policy Term (Years) Percentage of Sum Assured (%)
15 0%
20 10%
  • Survival Benefit: 5% of Sum Assured is payable Annually to the Life Assured

Rider Benefits (Optional)

  • Accidental Death Benefit (ADB): Additional amount equal to sum assured or 1,00,00,000/-, whichever is lower.
  • Permanent Total Disability (PTD): Sum assured or 1,00,00,000/-, whichever is lower payable in 120 monthly installments; Should the remaining term to maturity be less than 120 months, the balance installment will be paid in lump sum on maturity or at death, if earlier.
  • Premium Waiver Benefit (PWB): All the future premiums after the date of PTD due to accident will be waived.
  • Critical Illness (CI): On onset of any of the CI provided by the company, Additional amount equal to sum assured or 50,00,000/-, whichever is lower.

Premium Payment Mode/Structure

  • Mode: Yearly/Half-Yearly/Quarterly