Ordinary Endowment
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Ordinary Endowment
This contract pays the guaranteed sum assured at maturity or at earlier death. Maximum age at entry is 60 years and additional fatal accident benefit of up to 100% is available.
- Minimum duration of 5 years
- Mode of premium payment can be monthly, quarterly, half yearly or annually
- Maximum age at entry is 55 years
- Option to choose an Additional Fatal Accident Benefit (AFAB) cover up to 100% at an extra premium
- It qualifies for tax advantage
- At maturity, the targeted amount is payable
- Bonus declaration enhances the benefit
- Policy loan facility exist
- Collateral security
- Systematic saving vehicle
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