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Endowment assurance policy without profit

Most popular form of life assurance since it not only makes provision for the family of the Life Assured in the event of his early death, but also assures a lump sum at any desired age. The amount assured, if not paid by reason of his earlier death, becomes payable at the end of the endowment term when it may be invested to provide an annuity during the reminder of his life or in any other way he may think most suitable at the time.

Premiums are usually payable for a term of years equal to the endowment term or until death if it occurs within this period, but they may be limited to a shorter term of years, if so desired.

No loan will be granted under this plan on the policies issued on the lives of children, until the policy vests in the life assured. The minimum amount for which a policy will be issued is Rs.5000 and Rs.10000 in different structure.

Annual Premiums for the Assurance of Rs.1000 to be paid at the end of a specified term of years or at death, if it should occur sooner.

Term of the Policy: 15 to 55 years.

Term of the Policy: 15 to 65 years.


Age/Annual Premium Details:

- Term of Years: 5

15/Rs.188.90 - 25/Rs.188.90 - 32/Rs. 189.10 - 38/ Rs.189.70 - 45/Rs.191.50 - 50/ Rs.193.85 - 55/Rs.197.55 - 60/Rs.203.35 - 65/Rs.212.20

-Term of Years: 10

15/Rs.83.40 - 25/Rs.83.40 - 32/Rs.83.85 - 38/ Rs.84.80 - 45/Rs.87.60 - 50/ Rs.91.15 - 55/Rs.96.70 - 60/Rs.105.45 - 65/Rs.118.85

-Term of Years: 15

15/Rs.48.85 - 25/Rs.48.95 - 32/Rs.49.65 - 38/ Rs.51.05 - 45/Rs.54.75 - 50/ Rs.59.40 - 55/Rs.66.75 - 60/Rs.78.05

-Term of Years: 20

15/Rs.32.35 - 25/Rs.32.60 - 32/Rs.33.55 - 38/ Rs.35.45 - 45/Rs.40.10 - 50/ Rs.45.80 - 55/Rs.54.60

 

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