Asian Endowment Plan
Salient Features :
- This policy will acquire paid-up value or surrender value.
- This policy will be eligible for loan after the payment of 3 annual installments and completion of 3 years
- This Policy will have maturity value
- This policy will participate in profits
- Minimum age at entry: 16 years
- Maximum age at entry: 60 years
- Minimum Term: 5 years
- Maximum Term: 50 years
- Maximum Maturity Age: 65 Years
- Minimum Sum Assured: Rs. 25,000
- 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(SA)
- Rs. 51,000 to 1,00,000: Rs 1 on per thousand SA in Basic Premium
- Rs. 101,000 and Above: Rs 2 on per thousand SA in Basic Premium
Rebates on Mode of Payment
- Yearly : Less 2%
- Half Yearly : Less 1%
Maturity and Death Benefits:
- 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.
- ADB, ADB+PTD+PWB with additional price
First Policy Issued Date :