) Insurance Plan - With Profit
Type of Plan
It is an Anticipated Endowment Plan
Term of Policy
Any of 10, 15, 20 and 25
Age of the assured at commencement of policy
Minimum 20 Years and Maximum 55 Years
Maximum Age at Maturity
Mode of Payment
Any of Quarterly, Half Yearly and Yearly
1. After completion of 1/5 th, 2/5 th, 3/5 th and 4/5 th of Policy term, the Policy Holder shall get 10%, 15%, 20%, 25% of Sum Assured respectively. That means after completion of 4/5th of Policy term, the Assured shall get 70% of Sum Assured in 4th installment.
2. The rest 30% of Sum Assured shall be paid at maturity with Profit.
At Death during Policy Period
The Nominee shall get full Sum Assured at any time during Policy period, irrespective of receipt of one or more installments.