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Anticipated Endowment Assurance Scheme - Sumangal
An Anticipated Endowment Assurance Scheme which is also known as Money Back Policy.
Insurance cover starts from the date of acceptance of the Proposal
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Survival benefits is paid to the insurant periodically (Such payments will not be taken into consideration in the event of unexpected death of the insurant and the full sum assured with accrued bonus is payable to the assignee, nominee or legal heir).
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Two type of policies i.e. 15 year term and 20 year term.
In case of 15 years term policy the minimum Age at entry is 19 years and maximum Age at entry is 45 years.
In case of 20 years term policy, the minimum Age at entry is 19 years and maximum Age at entry is 40 years.
- Maximum Sum assured is Rs.5 lac
- No loan facility
- No surrender value is payable
- Assignment facility is available
- Nomination facility available
| Survival benefit payable |
| 15 year Policy |
20 Year Ploicy |
Benifits Paid |
| at the end of 6 years |
at the end 8 years |
20% of sum assured |
| at the end of 9 years |
at the end 12 years |
20% of sum assured |
| at the end of 12 years |
at the end 16 years |
20% of sum assured |
| at the end of 15 years |
at the end 20 years |
40% of sum assured |
"Best suited if you need Periodical Returns"
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Customer Care Centre (PLI)
O/o the Chief Postmaster General
Kerala Circle
Thiruvananthapuram 695033
Phone: 0471-2305252/2560756
e-mail: ddmpli.keralapost@gmailcom
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