ENDOWMENT PLANS

THIS IS AN IDEAL PLAN FOR THEM WHO WANTS TO ACCUMULATE FUNDS ON A REGULAR BASIS WHILE ENJOYING INSURANCE PROTECTION

FEATURES:

EXTENDED LIFE COVER : THIS PROVIDE YOU WITH A UNIQUE FEATURE WHICH GIVES YOU ADDITIONAL EXTENDED TERM INSURANCE COVER FOR 5 YEARS AFTER THE MATURITY OF THE POLICY, FOR 50% OF SUM ASSURED, WITHOUT ANY FRESH EVIDENCE OF HEALTH OR ANY PREMIA.

GUARANTEED ADDITIONS : GUARANTEED ADDITION @ 3.5% COMPOUNDED ANNUALY FOR THE FIRST FOUR YEARS.

FREE LOOK PERIOD : A POLICY HOLDER HAVE THE OPTION TO CANCEL THE POLICY (IF HE IS NOT AGREED WITH THE TERMS & CONDITION OF THE POLICY) WITHIN 15 DAYS FROM THE RECEIVING OF POLICY DOCUMENTS.

BENEFITS:

MATURITY BENEFITS : ONCE THE POLICY MATURES, i.e AT THE END OF THE TERM, A POLICYHOLDER CAN GET THE FULL SUM ASSURED PLUS GUARANTEED ADDITIONS PLUS VESTED BONUS (if any).

DEATH BENEFITS : ON THE DEATH OF THE LIFE ASSURED, THE BENEFICIARY/NOMINEE WILL GET THE SUM ASSURED PLUS GUARANTEED ADDITIONS PLUS VESTED BONUS (if any).

SURRENDER VALUE : A GUARANTEED SURRENDER VALUE IS PAYABLE TO LIFE ASSSURED IF HE/SHE DECIDE TO TERMINATE THE POLICY AFTER 3 YEAR'S PREMIUM ARE PAID.

LOAN FACILITY : A LIFE ASSURED CAN AVAIL OF A LOAN UNDER THE POLICY TO MEET HIS/HER REQUIREMENT. THIS WILL BE DEPENDENT ON THE PAID-UP VALUE OF POLICY ACQUIRE.

RIDERS:

CRITICAL ILLNESS RIDER : IN THIS RIDER, IN THE EVENT OF THE LIFE ASSURED CONTRACTING A CRITICAL ILLNESS, THE FULL SUM ASSURED ALONG WITH THE GUARANTEED ADDITIONS AND VESTED BONUSES ACCRUED TILL THAT TIME IS PAID IMMEDIATELY AND THE POLICY CEASES TO EXIST. CLAIMS FOR CRITICAL ILLNESS WILL NOT BE ADMITTED FOR THE FIRST 6 MONTHS OF THE POLICY.

MAJOR SURGICAL RIDER: THIS IS A COVER AVAILABLE AGAINST THE MAJOR SURGICAL PROCEDURE. DEPENDINGUPON THE SURGERY, 50%, 30% OR 20% OF THE SUM ASSUREDUNDER THE RIDER IS PAID. THIS PROVIDES THE COVER FOR THE TERM SUBJECT TO A MAXIMUM OF 65 YEARS. CLAIMSFOR THIS RIDER ARE NOT ADMITTED FOR THE FIRST 6 MONTHS OF THE POLICY.

ACCIDENT AND DISABILITY BENEFIT : ON THE DEATH DUE TO ACCIDENT, THE NOMINEE GETS ADITIONAL SUM ASSURED UNDER THE RIDER. IN CASE OF ACCIDENTAL DEATH WHILE TRAVELLING BY MASS SURFACE TRANSPORT, THE NOMINEE WILL GET TWICE THE SUM ASSURED UNDER THE RIDER. ACCIDENT CANALSO IMPAIR ONE'S CAPACITY TO EARN, IN SUCH AN EVENT OFTOTAL AND PERMANENT DISABILITY 10% OF THE SUM ASSURED IS PAID OUT EVERY YEAR FOR 10 YEARS. ALSO, THE PREMIUMS FOR THE BASE POLICY AR E WAIVED UPTO THE EXTENT OF RIDER COVER.

ACCIDENT BENEFIT RIDER : ON DEATH DUE TO AN ACCIDENT THE NOMINEE GETS ADDITIONAL SUM ASSURED UNDER THE RIDER.

EXCLUSIONS:

ON THE DEATH OF THE LIFE ASSURED UPTO AGE 7 YEARS, THE BASIC PREMIUM PAID WILL BE RETURNED WITHOUT INTEREST.

UNDERWRITING CRITERIA:

AGE AT ENTRY: MINIMUM 0 YRS. & MAXIMUM 60 YEARS.
MINIMUM PREMIUM : Rs. 6,000/-
SUM ASSURED: MIN. Rs. 50,000/- & MAX. Rs. 1 CRORE.
TERM: MIN . 10 YEARS AND MAX. 30 YEARS.
COVER CEASING AGE : 70 YEARS.

A SINGLE PLAN THAT COMBINES PROTECTION, SAVING AND LIQUIDITY BY PROVIDING SURVIVAL BENEFITS AT REGULAR INTERVAL.

FEATURES:

RETURNS : THIS PARTICULAR PLAN PROVIDE 120 % OF SUM ASSURED IN REGULAR INTERVALS PLUS GUARANTEED ADDITIONS PLUS VESTED BONUS (IF ANY).

GUARANTEED ADDITIONS : GUARANTEED ADDITION @ 3.5% COMPOUNDED ANNUALY FOR THE FIRST FOUR YEARS.

FREE LOOK PERIOD : A POLICY HOLDER HAVE THE OPTION TO CANCEL THE POLICY (IF HE IS NOT AGREED WITH THE TERMS & CONDITION OF THE POLICY) WITHIN 15 DAYS FROM THE RECEIVING OF POLICY DOCUMENTS.

BENEFITS:

MATURITY BENEFITS : ONCE THE POLICY MATURES, i.e AT THE END OF THE TERM, A POLICYHOLDER CAN GET THE FULL SUM ASSURED PLUS GUARANTEED ADDITIONS PLUS VESTED BONUS (if any), IRRESPECTICE OF THE SURVIVAL BENEFITS ALREADY PAID.

DEATH BENEFITS : ON THE DEATH OF THE LIFE ASSURED, THE BENEFICIARY/NOMINEE WILL GET THE SUM ASSURED PLUS GUARANTEED ADDITIONS PLUS VESTED BONUS (if any), IRRESPECTICE OF THE SURVIVAL BENEFITS ALREADY PAID.

SURRENDER VALUE: A GUARANTEED SURRENDER VALUE IS PAYABLE TO LIFE ASSSURED IF HE/SHE DECIDE TO TERMINATE THE POLICY AFTER 3 YEAR'S PREMIUM ARE PAID.

SURVIVAL BENEFITS

Policy Term: 15 years & Policy Term: 20 years
At end of year Survival Payment At end of year Survival Payment as a % of basic sum assured
End of 3Yrs. - 10% *&* End of 4 Yrs. - 10%
End of 6Yrs. - 15% *&* End of 8 Yrs. - 15%
End of 9Yrs. - 20% *&* End of 12 Yrs. - 20%
End of 12Yrs. -25% *&* End of 16 Yrs. - 25%

15 (Maturity) 50%, guaranteed additions*&* 20 (Maturity) 50%, guaranteed additions, plus vested bonuses plus vested bonuses

RIDERS:

CRITICAL ILLNESS RIDER : IN THIS RIDER, IN THE EVENT OF THE LIFE ASSURED CONTRACTING A CRITICAL ILLNESS, THE FULL SUM ASSURED ALONG WITH THE GUARANTEED ADDITIONS AND VESTED BONUSES ACCRUED TILL THAT TIME IS PAID IMMEDIATELY AND THE POLICY CEASES TO EXIST. CLAIMS FOR CRITICAL ILLNESS WILL NOT BE ADMITTED FOR THE FIRST 6 MONTHS OF THE POLICY.

MAJOR SURGICAL RIDER: THIS IS A COVER AVAILABLE AGAINST THE MAJOR SURGICAL PROCEDURE. DEPENDINGUPON THE SURGERY, 50%, 30% OR 20% OF THE SUM ASSUREDUNDER THE RIDER IS PAID. THIS PROVIDES THE COVER FOR THE TERM SUBJECT TO A MAXIMUM OF 65 YEARS. CLAIMSFOR THIS RIDER ARE NOT ADMITTED FOR THE FIRST 6 MONTHS OF THE POLICY.

ACCIDENT AND DISABILITY BENEFIT : ON THE DEATH DUE TO ACCIDENT, THE NOMINEE GETS ADITIONAL SUM ASSURED UNDER THE RIDER. IN CASE OF ACCIDENTAL DEATH WHILE TRAVELLING BY MASS SURFACE TRANSPORT, THE NOMINEE WILL GET TWICE THE SUM ASSURED UNDER THE RIDER. ACCIDENT CANALSO IMPAIR ONE'S CAPACITY TO EARN, IN SUCH AN EVENT OFTOTAL AND PERMANENT DISABILITY 10% OF THE SUM ASSURED IS PAID OUT EVERY YEAR FOR 10 YEARS. ALSO, THE PREMIUMS FOR THE BASE POLICY AR E WAIVED UPTO THE EXTENT OF RIDER COVER.

ACCIDENT BENEFIT RIDER : ON DEATH DUE TO AN ACCIDENT THE NOMINEE GETS ADDITIONAL SUM ASSURED UNDER THE RIDER.

EXCLUSIONS:

ON THE DEATH OF THE LIFE ASSURED UPTO AGE 7 YEARS, THE BASIC PREMIUM PAID WILL BE RETURNED WITHOUT INTEREST.

UNDERWRITING CRITERIA:

AGE AT ENTRY: MINIMUM 16 YRS. & MAXIMUM 55 YEARS.
MINIMUM PREMIUM : Rs. 8,400/-
SUM ASSURED: MIN. Rs. 75,000/- & MAX. Rs. 1 CRORE.
TERM: 15 YEARS AND 20 YEARS.
COVER CEASING AGE : 70 YEARS.