Marriage Endowment/Educational annuity


As the name suggests, if your worries relate to your child’s marriage or further educational needs, this plan is best suited for you.

According to this plan, the sum shall become payable from a set maturity date or on that date. This too is a with profits plan and the premiums can be paid as per your convenience according to the payment option chosen at the time of taking the policy.

BENEFITS:

  •    Sum assured along with all the bonuses become payable on maturity in case of survival, in a lump sum or by 10 instalments each at a gap of half a year.
  •     You will get a surrender value if u decide to terminate this policy before it matures.
  •     Guaranteed surrender value will equal to 30% of premiums paid after the first year.

Also check another popular plan Money Back with Profit

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