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An
Endowment Assurance Scheme
Under this scheme the proponent is given an
assurance to the extent of the Sum Assured and accrued bonus till he/she
attains the pre-determined age of maturity.
In case of unexpected
death of the insurant, the assignee, nominee or the legal heir is paid
the full Sum Assured together with the accrued bonus.
* Minimum Age
at entry is 19 years
* Maximum Age at entry is 55 years and for
policies with sum assured beyond Rs.1 lakh maxiumum age at entry is
45 years
* Premium
ceasing at the age of 35, 40, 45, 50, 55, 58 & 60
(
Payment of premia for at least 5 years )
* Maximum Sum Assured of
Rs.2 lac
* Insurance Cover starts from the date of acceptance
*
Eligible for loan after payment of premia for 36 months.
* Interest
Rate @ 10% on loan
* Surrender allowed after payment of premia for 36
months
* Assignment facility available
* Can be converted into
Suraksha (Whole Life Assurance )
* No medical examination required if
age is 35 years or less and Sum Assured
is not
more than Rs. 25000/-.
* Nomination facility is available
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Rural
Postal
Life Insurance Scheme - Gram Santhosh