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  • Table No. 814: New Endowment Assurance Plan: (With Profit)

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    This document summarizes the key terms of an endowment assurance plan with profits. The plan offers a maturity benefit equal to the full sum assured plus bonuses and funds added bonus, if any. The death benefit is equal to the sum assured on death plus bonuses and funds added bonus. The sum assured on death will not be less than 105% of total premiums paid and will be the higher of the basic sum assured or 10 times the annualized premium. Riders for accidental death and waiver of premium are available. The minimum entry age is 8 years, maximum entry age is 55, and maximum maturity age is 75. Loan, surrender, and revival terms are also defined.

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    Gist 814 New Endowment

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    This document summarizes the key terms of an endowment assurance plan with profits. The plan offers a maturity benefit equal to the full sum assured plus bonuses and funds added bonus, if any. The death benefit is equal to the sum assured on death plus bonuses and funds added bonus. The sum assured on death will not be less than 105% of total premiums paid and will be the higher of the basic sum assured or 10 times the annualized premium. Riders for accidental death and waiver of premium are available. The minimum entry age is 8 years, maximum entry age is 55, and maximum maturity age is 75. Loan, surrender, and revival terms are also defined.

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    15 views1 page

    Table No. 814: New Endowment Assurance Plan: (With Profit)

    Uploaded by

    jdchandrapal4980
    This document summarizes the key terms of an endowment assurance plan with profits. The plan offers a maturity benefit equal to the full sum assured plus bonuses and funds added bonus, if any. The death benefit is equal to the sum assured on death plus bonuses and funds added bonus. The sum assured on death will not be less than 105% of total premiums paid and will be the higher of the basic sum assured or 10 times the annualized premium. Riders for accidental death and waiver of premium are available. The minimum entry age is 8 years, maximum entry age is 55, and maximum maturity age is 75. Loan, surrender, and revival terms are also defined.

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    © All Rights Reserved
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    of 1

    TableNo.

    814:NewEndowmentAssurancePlan:(WithProfit)

    512N277V01

    BENEFITS:

    1)MaturityBenefit:

    FullSumAssured+Bonus+F.A.B.(Ifany)

    2)DeathBenefit:(anytimebeforematurity)

    a)NaturalDeath:

    Sumassuredondeath+Bonus+FABifany

    SumAssuredonDeathshallnotbelessthan105%oftotalpremiums
    SumAssuredonDeathshallbeHigherofBasicSumAssured(BSA)OR10timesAnnualisedPremium.(10xAP).

    b)AccidentalDeath(optionalrider):DoubleSumAssured+Bonus+FABifany

    FEATURES:

    MinimumAgeatEntry
    MaximumAgeatEntry
    MaximumMaturityAge
    Minimumterm

    Maximumterm

    MinimumS.A.

    MaximumS.A.

    ModesAllowed

    Rider:

    MaximumD.A.B.:

    AgeProof:

    Female

    Nonmedicalscheme.

    Modediscount

    LargeSADiscount

    PolicyLoan

    Policyterm
    %inforce
    %paidup

    Upto23
    90%
    80%

    8yearsnearerbirthday.
    55years
    75years
    12year
    35years
    Rs.100,000/
    NoLimit(DependinguponIncome)
    Yearly,HalfYearly,Quarterly,Monthly(ECS&SSS)
    D.A.B.andEPDBAllowed
    50lakhs.
    Std.ornonstd.proofallowed.
    CategoryI,II&IIIAllowed.
    N.M.G.&N.M.S.allowed.
    Yly2%andHly1%
    upto195,000:
    NIL
    200,000to495,000
    2%ofBSA
    3%ofBSA
    500,000&above
    Dependsuponterm,Available.
    24to27
    28to31
    80%
    70%
    70%
    60%

    32to35
    60%
    50%

    Foreclosure:

    Nochangefor:
    Revivalperiod;
    Surrender:

    Notforfullypaidupandinforcepoliciesevenifthereisdefaultofloaninterest.
    backdating,graceperiod,Paidvalueandassignment/nomination.
    2yearsfromFUP
    TheHigherofGuaranteedSurrenderValueandSpecialSurrenderValuepayable.

    Prepared by: Harish Desai, Dev. officer, Br 888, Mumbai-III

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