Postal Life Insurance- Sumangal

An Anticipated Endowment Assurance Scheme which is also known as Money Back Policy.

Insurance cover starts from the date of acceptance of the Proposal

• Survival benefits is paid to the insurant periodically (Such payments will not be taken into consideration in the event of unexpected death of the insurant and the full sum assured with accrued bonus is payable to the assignee, nominee or legal heir).

• Two type of policies i.e. 15 year term and 20 year term.

In case of 15 years term policy the minimum Age at entry is   19 years and maximum Age at entry is 45 years.

In case of 20 years term policy, the minimum Age at entry is 19 years and maximum Age at entry is 40 years.

                  Maximum Sum assured is Rs.5 lac

                  No loan facility

                  No surrender value is payable

                  Assignment facility is available

                  Nomination facility available

                  Survival benefit is payable as under:

                    15 years 20 years

• at the end of 6 years              8 years     20% of sum assured

• at the end of 9 years           12 years     20% of sum assured

• at the end of 12 years         16 years     20% of sum assured

• at the end of 15 years         20 years     40% of sum assured with bonus

Best suited if you need Periodical Returns