Endowment Cum Whole Life Assurance (NabeenAjeewan Jeevan Beema)March 29, 2018
It’s a simple Endowment Plan where the life insured purchase a policy for a certain period of time. But the risk of life is carried throughout the life of policyholder or till the life assured attains age 100 whichever is less.
On death of life assured during the term of policy FULL SUM ASSURED Plus Bonus Declared and Vested in the policy will be paid. Additional amount of Sum Assured will be paid on death due to accident (optional, with paying additional premium). On survival till the policy term , FULL SUM ASSURED Plus Bonus Declared and Vested in the policy will be paid.
Additional amount equal to SUM ASSURED will be paid to the policyholder attaining age 100 OR to the beneficiary on death of life assured at any time after the policy term before age 100, whichever falls earlier.
|Minimum Age At Entry :||11 Years|
|Maximum Age at Entry :||65 years|
|Minimum Policy Term :||5 years|
|Maximum Policy Term :||59 years|
|Maximum Age at Maturity :||70 years|
|Pay Mode :||Yearly, Half Yearly, Quarterly or monthly|
Rebate and Overload
|Rebate on Pay Mode|
|Yearly||2 % -Discount|
|Half Yearly||1 % -Discount|
|Monthly||5 % -Overload|
|Rebate of Large Sum Assured|
|200000 to 299000||Rs 1 -Discount|
|300000 and above||Rs 2 -Discount|
Optional Benefits (optional benefit available by paying additional premium as per company rule for the policies attaining age 16)
Optional Benefits by paying additional premium in case of minor life assured. (11 to 14 years of age)
- Funeral Expenses
|First Policy Issue Date: 22-09-2017|
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