This plan is specially designed to meet the increasing educational and other needs of growing children.
The Two Year Temporary Assurance policy is designed for the insuring public who requires risk cover for a maximum of two years.
On the Life Assured or child surviving the maturity date of the contract, an amount equal to the Policyholder’s Fund Value is payable.
For a Money-Back Policy of 25 years (Table 93), 15% of the sum assured becomes payable each after 5, 10, 15 and 20 years, and the balance 40% plus the accrued bonus become payable at the 25th year.
This plan can be purchased by any of the parent or grand parent for a child aged 0 to 10 years.
You can enjoy the full benefits of an endowment plan with life insurance that requires you to pay premiums only over a very limited period.
Under this plan premium payment is limited to 3 or 4 or 5 years and the premium payable during the first year is higher than the premiums payable in subsequent years.
This policy helps you save for any specific need that you foresee 25 years down the line.
With an insurance cover till age 100, Whole Life Participating Plan is designed to provide you a lifetime of security.
This is an Endowment Assurance plan that provides for benefits on or from the selected maturity date to meet the Marriage/Educational expenses of the named child.