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Rural Postal Life Insurance Scheme - Gram Sumangal | |
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An Anticipated Endowment Assurance Scheme which is also known as Money Back Policy Insurance cover starts from the date of acceptance of the proposal. Survival benefit is paid to the insurant periodically (Such payments will not be taken into consideration in the event of unexpected death of the insurant and full sum assured with accrued bonus is payable to the nominee). Two type of policies i.e. 15 years term and 20 years term. Minimum age at entry is 19 years and maximum age at entry is 40 years Maximum sum assured is Rs.1 lac. No loan facility No surrender value is payable Nomination facility is available. Assignment facility is 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 |
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For further details contact:
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