Single Premium Endowment
Single Premium Endowment
Product Summary :
Single Premium Endowment Plan (817) is a single premium, non-linked, with profits Endowment Plan.
Premium Payment Mode:
Single Premium
Term :
10 to 25 Years
Minimum Entry Age :
90days Completed
Maximum Entry Age :
65 Year (Nearest Birthday)
Maximum Maturity Age :
75 Year
Minimum Sum Assured :
50,000
Maximum Sum Assured :
NO LIMIT (Depending upon Income)
Policy Benefits :
On Death after commencement of risk: Sum Assured + Vested Bonus + FAB if any On Death before commencement of risk: Return of Single Premium excluding taxes and Extra Premium.
On Survival :
On survival Sum Assured + Vested Bonus + FAB if any.
Surrendered Value :
The Policy can be surrendered at any time during the policy term subject to realization of the premium cheque.
Loan :
The Policy can be surrendered at any time during the policy term subject to realization of the premium cheque.
Income Tax Benefit :
u/s 80C up to 10% of SA.
Proposal Form : 300/340 shall be used under this plan.
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