This is a non-linked limited premium with profit money-back endowment plan. | |
Features of the plan are as under: | |
Minimum Issue Age | 16 years nearer birthday. Further the risk commences immediately. |
Maximum Issue Age | 50 Years (Nearer birthday) |
Minimum Sum Assured | Rs 75000/- and thereafter in multiples of Rs 5000/- |
Maximum Sum Assured | 1 Crore, subject to underwriting |
Minimum Policy Term Policy term | 12 years, 16 years and 20 years. |
Maximum Policy Term | Policy term is fixed for 12 years, 16 years and 20 years. |
Premium Paying Term | The premium paying term is 5 years for 12 years policy term, 5 years or 10 years for 16 years policy term and 5 years or 10 years or 15 years for 20 years policy term |
Maximum Coverage Age | 70 Years |
Mode of Premium payment | Yearly, Half-yearly, Quarterly and Monthly. |
Rebates available | For mode of payment of premium: |
For yearly and half-yearly modes of premium payments rebate of 3% and 1.5% respectively of tabular premium are available. |
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