Money Back Cum Whole Life Assurance Plan

Money Back Cum Whole Life Assurance Plan


This plan covers the risk of life assured for whole life. This product provides the partial payment in certain time interval to life assured and the bonus at the end of the term and after demise of life assured the nominee gets the benefits of Sum Assured.


FEATURES
Plan Name: Money Back Cum Whole life Assurance Plan
Minimum Sum Assured: 50,000/-
Maximum Sum Assured: According to the income of Life Assurance
Entry Age: 11 Years
Max. Entry Age: 60,55,50,45 years (for premium paying term of 10, 15, 20 and 25 years)
Maximum age at the end of premium paying term: 70 years
Term: 10,15,20,25 Years
Mode of paying method: Monthly, Quarterly, half Yearly, Yearly
Medical Requirement: As per Company Rule
Age Calculation Method: Age Nearer Birthday
Accidental Benefit: ADB/PWB/PTD Available up to Max. 75, 00,000/-
Loan Facility: 2 year complete premium paid should be require for taking loan.


OTHER FACILITIES
Surrender value, Paid up Value as per policy.


POLICY BENEFITS
1. Policy Mature  Benefit

Premium Paying Term Benefits as percentage of Sum Assured
  4 8 10 12 15 16 20 25
10 year 30% of SA 30% of SA 40% of SA + Vested Bonus          
15 year 20% of SA 20% of SA   20% of SA 40% of SA + Vested Bonus      
20 year 15% of SA 15% of SA   15% of SA   15% of SA 40% of SA + Vested Bonus  
25 year 15% of SA 15% of SA   15% of SA   15% of SA 15% of SA 25% of SA + Vested Bonus


2. Survival Benefits at age of 99 years : Sum Assured

3. Death Benefits: Within Term Period - Sum Assured + Accrued Bonus up to Term Period during Death.
4. Death Benefits after policy term mature: Sum Assured only.
5. Accidental Death benefits: Sum Assured+Additional Sum Assured up to Max. 75 lacs or Actual sum assured whichever is lower.+Accrued    bonus up to Term Period during Death.
6. PTD/ PWB Benefits: Waiver of Premium during term period of policy after total permanent disability occurs and monthly income benefits (MIB)  provide to policy holder of Sum Assured up to 120 months instalment basis and in case of remaining policy term to maturity be less than 120      months the balancing instalment will be payable in lump sum on maturity or at death, if earlier.