Endowment Plus Plan is meant to provide insurance coupled with investment to the policy holder.
It is a unit linked plan which has a minimum and maximum entry age limit of 7 years and 60 years respectively. The term of the policy extends from 10 to 20 years and the minimum maturity age is 18 years and maximum is 70 years.
- Choice of four type of investment funds where you can invest your premiums.
- You get the option of paying the premium on an yearly, half- yearly, quarterly or monthly basis or by way of a one- time lump sum payment.
- At the time of death, the sum assured or the policy holder’s fund value will be paid, whichever is higher among the two.
- If the policyholder is 18 years or older, he can opt for the accident benefit option i.e, in case he dies due to an accident, the sum assured under this benefit shall be paid along with the original sum that he is eligible to receive