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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 INR 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 INR 2 lakh
* 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 INR 25000/-.
* Nomination facility is available.
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Rural
Postal
Life Insurance Scheme - Gram Santhosh