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Sun Life Endowment Assurance Plan

March 29, 2018
Sun Life Endowment Assurance Plan

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 {a1e427ee5b9b9d9407360d635f0c97b2ed8488c3db64bca6dbcffee983720b61} -Discount
Half Yearly 1 {a1e427ee5b9b9d9407360d635f0c97b2ed8488c3db64bca6dbcffee983720b61} -Discount
Quarterly NIL
Monthly 5{a1e427ee5b9b9d9407360d635f0c97b2ed8488c3db64bca6dbcffee983720b61} -Overload
Rebate of Large Sum Assured
200000 and Above Rs 2 -Discount
100000 to 199000 Rs 1 -Discount

Optional Benefits

Optional Benefits (optional benefit available by paying additional premium as per company rule for the policies attaining age 16)

  1. ADB
  2. PTD/PWB

Optional Benefits by paying additional premium in case of minor life assured. (11 to 14 years of age) [In death of Proposer]

  1. MIB
  2. PWB
  3. Funeral Expenses
First Policy Issue Date: 22-09-2017