The Whole Life Policy With Profit

The Whole Life Policy

Table No. 2

This is a whole life policy suitable for people who are looking for high risk cover & financial security to family at a lower premium. In this plan, premiums are payable up to age 80 or  for 35 years term whichever is more. The low premium and high risk cover is an important advantage of this policy. The bonus declared is substantially higher. Hence, the death claim amount would be useful for surviving dependents.

Benefits

Ø  Maturity  Benefits:

ü  Basic Sum Assured + Bonus + Final Additional  Bonus.

Ø  Death Benefits:

ü  Basic Sum Assured + Bonus + Final Additional  Bonus.

ü  (Final Additional Bonus is applicable only if  policy completes 15 years)

Ø  Mode Benefit:

ü  The following table shows the rebate available on the mode of premium payment.

Mode	Rebate
Yearly	3% of tabular premium
Half - Yearly	1.5% of tabular premium
Quarterly	Nil

Ø  Sum Assured Benefit:

ü  The following table shows the rebate available on the sum assured.

Sum Assured	Rebate
Up To Rs. 50,000	Nil
Rs. 50,001 To Rs. 1,00,000	Re. 1 Per Thousand
Rs. 1,00,001 And Above	Re. 2 Per Thousand

Features

    

Ø  Minimum Sum Assured - Rs. 50,000/-

Ø  No Maximum Limit 

Ø  Minimum age at entry - 15 years (Completed)

Ø  Maximum age at entry - 60  years

Ø  Modes Allowed - All

Ø  General Loan available only after 3 years has been completed.

Ø  Housing Loan available