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Home » Products » Withdrawn Plans » The Endowment Assurance Policy - Limited Payment

The Endowment Assurance Policy - Limited Payment

Date of Withdrawal : 01.01.2014

This is the 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 remainder of his life or in any other way he may think most suitable at the time.

Suitable For:
Being an endowment assurance policy, this plan is apt for people of of all ages and social groups who wish to protect their families from a financial setback that may occur owing to their demise. The amount assured if not paid by reason of his death earlier will payable at the end of the endowment term where it can be invested in an annuity provision for the rest of the policyholder's life or in any other way he may think most suitable at that time.

 
Minimum
Maximum
Entry Age
12 nearer birthday
65
Sum Assured (Rs.)
50000(except for single premium)
NO LIMIT
Term (years)
5
55
 

 

Mode Of Payment
Maximum Premium Paying Period
Policy Loan Available
Yearly, Half-yearly,Quarterly, Monthly, Salary Saving Scheme
75 Years
No loan under policies issued on minors until vesting

Last modified date :12/04/2021
 
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