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Money Back Insurance- 20 Years
Features
Unlike ordinary endowment insurance plans where the survival benefits are payable
only at the end of the endowment period, this scheme provides for periodic payments
of partial survival benefits as follows during the term of the policy, of course
so long as the policy holder is alive.
Benefits
Survival Benefits:
This scheme provides for periodic payments of partial survival benefits as
follows, during the
term of the policy, so long as the policy holder is alive.
• At end of 5 years , 10 years & 15 years 20% of Sum Assured
• At end of 20 years 40% of Sum Assured and
• On Maturity, the policyholder will receive the balance sum assured as given above
plus the vested bonus(if any).
Death Benefits:
Full sum assured plus bonus irrespective of survival benefits taken.
Suitable For:
This plan holds special interest to people who besides wishing to provide for
their old age and family feel the need for lump sum benefits at periodical intervals.
This plan meets with periodical needs although loans are not granted under this
policy. A terminal bonus is granted though the basic bonus under this plan is slightly
lower than the rate applicable to endowment assurances.
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