Gurans Agrim Bhuktani (Gurans Money Back Endowment with Profit Policy)

Money

This policy is of special interest to persons who, besides desiring to provide for their own old age and family, feel the need for lump sum benefits at periodical intervals. Unlike ordinary Endowment Assurance, where the full Sum Assured in the event of survivance is payable only at the end of the endowment period, under this scheme:

First Policy issue date

  • :: Money Back 15 -- 01-06-2008
  • :: Money Back 20 -- 08-06-2008

1. 15 Years Gurans Money Back

  • :: 25% of Sum Assured at the end of 5 years
  • :: 25% of Sum Assured at the end of 10 years
  • :: 50% of Sum Assured at the end of 15 years

2. 20 Years Gurans Money Back

  • :: 25% of Sum Assured at the end of 5 years
  • :: 25% of Sum Assured at the end of 10 years
  • :: 25% of Sum Assured at the end of 15 years
  • :: 25% of Sum Assured at the end of 20 years

However, in the event of death at any time within the selected term, the full sum assured is payable without any deduction or adjustment for the amount that may have been paid earlier by way of survival benefit. Premiums are payable for the second term years or till death if it occurs within this period. The bonus additions to the policy will be reckoned on the full sum assured and are payable at the end of the selected term or at the life assured's death, if previous. In the event of cessation of the premium under this policy, paid-up assurance, payable at the end of the selected term of years or at the life assured's death if previous, is automatically secured provided premiums have been paid under the policy for not less than two years and a minimum paid-up assurance of Rs.1000/- exclusive of any attached bonus secured.

Key Features

  • :: Minimum Entry Age : 16 Years
  • :: Policy Term: 15/20 Years
  • :: Maximum Maturity Age : 70 Years
  • :: Minimum Sum Assured: Rs. 50 Thousand
  • :: Premium Payment Frequency : Yearly/Half Yearly/Quarterly

Benefits

  • :: Sum assured plus bonus in case of the maturity (e.g. Sum assured is known as remaining partial amount of sum assured to be returned.)
  • :: Sum assured plus bonus will be paid to nominated person in case of death of the assured.
  • :: Loan facility
  • :: Tax benefits

Additional Benefits

  • :: Double accident benefit is available with nominal extra premium. In case of the death of the assured, a nominee will receive assured amount, bonus plus Rs. 25 lac (maximum).