Asian Endowment & Whole Life
Salient Features :
- This policy will acquire paid-up value or surrender value.
- This policy will be eligible for loan
- This Policy will have maturity value
- This policy will participate in profits
- Minimum age at entry: 16 years
- Maximum age at entry: 52 years
- Term: 18 years
- Maximum Maturity Age : 70 Years
- Minimum Sum Assured: Rs. 50,000
- Maximum Sum Assured: According to the financial condition of the life to be assured.
- Premium Paying Mode: Yearly, Half-yearly, Quarterly.
Rebates on Large Sum Assured
- Rs. 201,000 to 3,00,000:Rs 1 in Basic Premium
- Rs. 301,000 and Above: Rs 2 in Basic Premium
Rebates on Mode of Payment
- Yearly : Less 2%
- Half Yearly : Less 1%
- In case of life Assured’s death during the paying term, the basic sum assured+vested Bonus upto date of death is paid.
- 12 yrs from commencement: 30% of Basic Sum Assured
- At Maturity (18 years): 50% of Basic Sum Assured + Bouns
On Death of Life Assured:(Before Maturity Date of the Policy)
- In case of life Assured’s death after the premium paying term, an amount equal to Sum Assured is paid.
- Accidental Death Benefit(ADB) with additional price
( Accidental Benefits is available upto age 70, irrespective of Premium Paying Term, by Payment of additional premium. Maximum ADB Sum Assured is Rs 500,000.)
First Policy Issued Date :