Being an Endowment assurance plan, this policy is suitable for people of all ages and social groups. This is a savings oriented plan which earns a high bonus. The premium is very low as compared to other policies and returns are high.
Features
- Life risk cover for the life insured
- Additional accidental risk cover
- Moderate Premiums
- High bonus
- Savings oriented plan
- The upper limit of additional accidental sum assured is Rs 50 Lakhs only.
Benefits :
On Death
If the policy holder dies during the policy term, his/her nominee will be paid following, after which the policy will terminate.
Basic sum assured or 10 times of the Annual premium (whichever is higher) + Simple Revisionary Bonus + Final Additional Bonus (if any)
Basic sum assured or 10 times of the Annual premium (whichever is higher) + Simple Revisionary Bonus + Final Additional Bonus (if any)
On Accidental Death In case, the policy holder dies due to an accident, the nominee will get following, after which the policy will terminate.
Basic sum assured or 10 times of the Annual premium (whichever is higher) + Additional accidental sum assured (maximum upto Rs. 50 Lakhs) + Simple Revisionary Bonus + Final Additional Bonus (if any)
On Maturity
The policy holder will get the following returns at maturity:
Basic sum assured + Simple Revisionary Bonus+ Final Additional Bonus (if any)
The policy will terminate after this.Example :
If any one has age of 25 Years want to take policy with Sum Assured of Rs 10,00,000/- for the duration of 20 years then he needs pays an Annual Premium of Rs 48323/- per Year
Benefits :
On Death
If the policy holder dies during the policy term then nominee will get
10,00,000 (Basic Sum Assured)+
9,10,000 (Simple Revisionary Bonus) +
90,000 (Final Additional Bonus)
Total Around : 20,00,000/- (Twenty Lakh). Policy will close
If the policy holder dies during the policy term then nominee will get
10,00,000 (Basic Sum Assured)+
9,10,000 (Simple Revisionary Bonus) +
90,000 (Final Additional Bonus)
Total Around : 20,00,000/- (Twenty Lakh). Policy will close
On Accidental Death
In case, the policy holder dies due to an accident, the nominee will get
10,00,000 (Basic Sum Assured)+
10,00,000 (Additional accidental sum assured)+
9,10,000 (Simple Revisionary Bonus) +
90,000 (Final Additional Bonus)
Total Around : 30,00,000/- (ThirtyLakh), policy will close
On Maturity
The policy holder will get the following returns at maturity 10,00,000 (Basic Sum Assured)+
9,10,000 (Simple Revisionary Bonus) +
90,000 (Final Additional Bonus)
Total Around : 20,00,000/- (Twenty Lakh). Policy will close
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