Five Stage Payment Assurance Plan (With Profit)

Introduction :

Five Stage Assurance Plan is fabulous & more attractive to provide financial support to you. This plan provides financial security as well as frequent and early returns on paid premium. You can further reinvest or utilize the partial returns to fulfill your future dreams as your choice.

Features:

  • This plan assures emergency inflows of cash for necessity of policyholder.
  • Premiums can be paid annually, half yearly & quarterly.
  • Policy term would be for 10 years, 15 years, 20 years, 25 years & 30 years.
  • This policy would be surrendered after two yearly installments are paid.
  • Policy holder may obtain a loan (maximum 90% of surrender value) against the policy.
  • Accidental Death Benefits (ADB) & Permanent Disabilities Accidental Benefits (PDAB) may be covered.
  • Income tax rebate may be obtained by taking the policy.

Survival Benefit:

  • The policyholder will receive 10% of the basic sum assured at the end of the one-fifth of the premium payment term.
  • The policyholder will receive another 15% of the basic sum assured at the end of two-fifth of the premium payment term.
  • The policyholder will receive remaining 20% of the basic sum assured at the end of three-fifth of the premium payment term.
  • The policyholder will receive remaining 25% of the basic sum assured at the end of four-fifth of the premium payment term.
  • The policyholder will receive remaining 30% of the basic sum assured together with accrued bonus on maturity at the end of the term.

Death Benefit: The nominee will receive full sum assured (with rider’s benefit, if applicable) on death of the policyholder within the term of the policy together with the bonus accrued up to the date of his/her death.

You are currently viewing Five Stage Payment Assurance Plan (With Profit)