“Guaranteed Return Endowment Plan”
The plan is a non-participating guaranteed return limited payment endowment assurance plan. The policy holders receives guaranteed sum of double the sum assured amount at the maturity of the policy.
The plan is a non-participating guaranteed return limited payment endowment assurance plan. The policy holders receives guaranteed sum of double the sum assured amount at the maturity of the policy.
Up to 5th Year | 100% of Sum Assured |
6th Year to 10th Year | 150% of Sum Assured |
11th Year onwards | 200% of Sum Assured |
The policy will terminate on payment of the death benefit and nothing will be payable thereafter.[/info_list_item][/info_list][info_list font_size_icon=”24″ eg_br_style=”none” el_class=”plan-list”][info_list_item list_title=”Maturity Benefit” list_icon=”Defaults-check”]Double of the Sum Assured will be paid at Maturity of policy provided policy is enforced till maturity.[/info_list_item][/info_list][info_list font_size_icon=”24″ eg_br_style=”none” el_class=”plan-list”][info_list_item list_title=”Paid-up Value” list_icon=”Defaults-check”]Policy shall acquire the Paid-up value after paying at-least 2 years full premium. If the premium if discontinued after policy acquires Paid-up value, such paid-up value shall be paid on policy maturity date or death whichever occurs earlier.[/info_list_item][/info_list][info_list font_size_icon=”24″ eg_br_style=”none” el_class=”plan-list”][info_list_item list_title=”Surrender Value” list_icon=”Defaults-check”]Policy can be surrendered any time after the policy acquiring Paid-up Value as per Beema Samiti guidelines.[/info_list_item][/info_list][info_list font_size_icon=”24″ eg_br_style=”none” el_class=”plan-list”][info_list_item list_title=”Supplementary benefits” list_icon=”Defaults-check”]ADB and PTD (Accidental Death Benefit and Permanent Total Disability Benefit) and PWB(Premium Waiver Benefit) is available for full policy term, equal to sum assured but not more than Rs. 1,00,00,000 upon payment of additional premium.[/info_list_item][/info_list]
Maximum Age at Entry: 55 years (Nearest Birthday)
Policy Term: Minimum 10 Years and Maximum 30
Years in the interval of 2 years
Premium Paying Term: Half (i.e. 50%) of the policy term
Premium Payment Term: Yearly, Half-Yearly, Quarterly and Monthly
Minimum Sum Assured: Rs.50,000
Maximum Sum Assured: Rs. 5,00,00,000, (in intervals of 10,000)[/info_list_item][/info_list]
First Policy Issued Date: 10th February 2019