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Minimum Age at entry is 19 years |
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Maximum Age at entry is 55 years |
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Premia ceasing at the age of 55, 58, 60. ( Minimum payment of premia for 5 years) |
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Maturity amount is payable only to the Assignee, nominee or the legal heir after death of the insurant. Maximum sum assured is Rs. 10 lac |
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Insurance cover starts from the date of acceptance of proposal to the extent of sum assured with accrued bonus |
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Bonus shall accrue till the date of death. |
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Higher bonus and lower premia than the Endowment Policy |
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Eligible for loan after payment of premia for 48 months |
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Surrender of policy allowed after payment of premia for 36 months |
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Assignment facility available |
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The policy can be converted into an Endowment Assurance Policy after completion of one year and before 57 years of age of the insurant |
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Nomination facility available |