Asian Endowment Plan

Asian Endowment Plan

Salient Features :

1. This policy will acquire paid-up value or surrender value.
2. This policy will be eligible for loan after the payment of 3 annual installments and completion of 3 years.
3. This Policy will have maturity value
4. This policy will participate in profits
5. Minimum age at entry : 16 years
6. Maximum age at entry : 60 years
7. Minimum Term : 5 years
8. Maximum Term : 50 years
9. Maximum Maturity Age : 65 Years
10. Minimum Sum Assured : Rs. 25,000
11. Maximum Sum Assured : According to the financial condition of the life to be assured.
12. Premium Paying Mode : Yearly, Half-yearly, Quarterly.

Rebates :
Rebates on Large Sum Assured (SA)

1. Rs. 51,000 to 1,00,000 : Rs 1 on per thousand SA in Basic Premium
2. Rs. 101,000 and Above : Rs 2 on per thousand SA in Basic Premium

Rebates/Extra on Mode of Payment

1. Yearly : Less 2 Percent
2. Half Yearly : Less 1 Percent

Maturity and Death Benefits:

1. The Sum Assured along with vested bonus is payable on Date of Maturity and In case of Death of the Life Assured any time after commencement of risk, full sum Assured with the vested bonuses will be paid.

Riders :

1. ADB, ADB+PTD+PWB with additional price

First Policy Issued Date :

1. 2064/12/14

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