This is a limited premium paying term conventional With-Profits Endowment Assurance plan where premium paying term is less than policy term by three years.
Sum Assured on Death + Bonuses & Final Additional Bonus, if any, shall be payable in following manner. Annual Income Benefit equal to 10% of the Basic Sum Assured (till policy anniversary prior to date of maturity). Assured Absolute Amount of 110% of Basic Sum Assured, payable (on due date of maturity). Along with Bonuses & Final Additional Bonus, if any, on maturity. (on due date of maturity).
On survival Basic Sum Assured + Vested Bonus + FAB if any.
The Policy can be surrendered at any time during the policy term provided atleast 3 full years premiums have been paid.
Loan Facillity is available under this plan, after payment of premiums for at least 3 full years.
Premium paid under this plan is eligible for TAX rebate under section 80c. Maturity under this plan is free under sec 10(10D).
