Endowment Policies - पेन्सन योजना

Salient Features :

1. This policy will acquire paid-up value or surrender value.
2. This policy will be eligible for loan
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 Policy Maturity Age : 40 years
8. Minimum Term : 5 Years
9. Maximum Term : 54 years
10. Maximum Policy Maturity Age : 40 Years
11. Minimum Term : 5 years
12. Maximum Term : 54 years
13. Maximum Policy Maturity Age : 70 Years
14. Minimum Sum Assured : Rs. 10000
15. Maximum Sum Assured : According to the financial condtion of the life to be assured.
16. Premium Paying Mode : Yearly, Half-yearly, Quarterly.
17.  
18. Extras/Rebates of Sum Assured Amount:
    Rebates on Large Sum Assured

1. SA Rs. 101,000 and Above : Rs 1 in Basic Premium
2. SA Rs. 201,000 and Above : Rs 2 in Basic Premium

Add/Extras on Less Sum Assured

1. SA Rs. 10,000 to 14,999 : Rs 6 in Basic Premium
2. SA Rs. 15,000 to 19,999 : Rs 3 in Basic Premium
3. SA Rs. 20,000 to 24,999 : Rs 1 in Basic Premium

Rebates on Mode of Payment

1. Yearly : Less 2 percent
2. Half Yearly : Less 1 percent
3. Monthly : Add 5 percent

Death Benefits:

1. In case of Death of the Life Assured any time after commencement of risk, full sum Assured with the vested bonuses will be paid.

Time to Choose Annuity:

1. At the Time of Policy Maturity

Annuity Payment Mode and Commencement of Annuity:

1. Monthly : After 1 month of Policy Maturity Date
2. Quarterly : After 3 months of Policy Maturity Date
3. Half Yearly : After 6 months of Policy Maturity Date
4. Annual : After 1 year of Policy Maturity Date

Annuity Options:

1. Annuity payable for life.
2. Annuity payable certain for either 5, 10, 15 or 20 years and thereafter payable for life.
3. Annuity payable for life with return of purchase price on death.
4. Annuity payable for life increasing @ 3 percent simple per annum.
5. Joint Life annuity payable for life. (Second annuitant gets 100 Percent of annuity on Death of First annuitant)

Riders :

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

First Policy Issued Date :

1. 2069/09/05