Sun Life Endowment Assurance PlanMarch 29, 2018
It’s a simple Endowment Plan where the life insured purchase a policy for a certain period of time.
On death of life assured during the term of policy FULL SUM ASSURED Plus Bonus Declared and Vested in the policy will be paid. On Death of life assured due to accident (optional benefit by paying additional Premium as per company policy[ADB] ) Additional Amount equal to SUM ASSURED will be paid.
On Survival to Maturity Date , Full Sum Assured Plus Bonus Declared and Vested will be paid.
|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|
|Rebate of Large Sum Assured|
|200000 and Above||Rs 2 -Discount|
|100000 to 199000||Rs 1 -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) [In death of Proposer]
- Funeral Expenses
|First Policy Issue Date: 22-09-2017|
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