Postal Life Insurance - Sumangal (AEA)
An Anticipated Endowment Assurance Scheme which is also known as Money Back Policy.
Survival benefits is paid to the insurant periodically (Such payments will not be taken into consideration in the event of unexpected death of the insurant and the full sum assured with accrued bonus is payable to the assignee, nominee or legal heir).
Two type of policies i.e. 15 year term and 20 year term.
In case of 15 years term policy the minimum Age at entry is 19 years and maximum Age at entry is 45 years.
In case of 20 years term policy, the minimum Age at entry is 19 years and maximum Age at entry is 40 years.
Two type of policies i.e. 15 year term and 20 year term.
In case of 15 years term policy the minimum Age at entry is 19 years and maximum Age at entry is 45 years.
In case of 20 years term policy, the minimum Age at entry is 19 years and maximum Age at entry is 40 years.
Maximum Sum assured is Rs.5 lac
No loan facility
No surrender value is payable
Assignment facility is available
Nomination facility available
Survival benefit is payable as under:
15 years 20 years
at the end of 6 years 8 years 20% of sum assured
at the end of 9 years 12 years 20% of sum assured
at the end of 12 years 16 years 20% of sum assured
at the end of 15 years 20 years 40% of sum assured with bonus
No loan facility
No surrender value is payable
Assignment facility is available
Nomination facility available
Survival benefit is payable as under:
15 years 20 years
at the end of 6 years 8 years 20% of sum assured
at the end of 9 years 12 years 20% of sum assured
at the end of 12 years 16 years 20% of sum assured
at the end of 15 years 20 years 40% of sum assured with bonus
Best suited if you need Periodical Returns
