Term Insurance, Term Assurance Plan, Anmol Jeevan-I in Mandsaur

• About
• Post Comment
• Post Reply

Highlights
This policy is useful for those who want to be insured at a very low cost.
If death occurs during the term of the policy, full sum assured is paid.
On Maturity no amount is paid to the policy holder.

Introduction
You realize that life is full of uncertainties. You want to be financially prepared to ensure that life continues smoothly for your family in the event that some thing unfortunate befalls you. Term assurance is the answer; an ideal plan for providing insurance protection at a low cost. You can choose from 2 options under this category viz Single premium Term Insurance, which involves a one time payment of premium and Regular Premium Level Term Assurance in which premiums are paid throughout the term of the policy for 5 to 25 years.  The main focus of this plan is on protection to your family in the event of your death at a very low cost.

Benefits
On Maturity - Nil.

On Death    - Sum Assured is paid to your beneficiary.

Features

Minimum Age at Entry  -  18 yrs (Completed)
 
Maximum Age at Entry  -  55 yrs (nearer Birth Day)
 
Maximum Maturity Age  -  65 yrs
 
Minimum Sum Assured  -  5,00,000
 
Maximum Sum Assured  -  24,00,000 (In Multiple of Rs. 1,00,000)
 
Modes Allowed   - Yearly, Half yearly and Single Premium
 
No Loan available
 
Policy will not acquire any paid up value
  
No surrender value will be available under this plan