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An
Anticipated Endowment Assurance Scheme which is also known as Money Back
Policy.
Insurance cover starts from the date of acceptance of the
Proposal
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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).
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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 INR 5 lakhs
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
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at the end of 6 years
8 years 20% of sum assured
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at the end of 9
years 12
years 20% of sum assured
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at the end of 12
years 16 years
20% of sum assured
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at the end of 15
years 20 years
40% of sum assured with
bonus
Best
suited if you need Periodical Returns
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Postal
Life Insurance Scheme - Sumangal