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New Endowmwnt Plus (Table No. 835)



New Endowment Plus, a unit linked insurance program, offers both insurance and investment choices to its clients. The New Endowment Plus coverage (amount 835), provides investment paths in both very low hazard debentures and insecure private equity based on the risk requirement of the client. This program offers up to four free switches within a coverage year. Having a policy duration of 10 to 20 decades, New Endowment Plus permits partial withdrawal following 5 decades of the beginning of the policy.


Eligibility Criteria
Gender Female Only
Minimum Age at Entry 8 Years (Completed)
Maximum Age at Entry 55 Years(Nearest Birthday)
Maximum Maturity Age 70 Years(Nearest Birthday)
Policy Term 10 Years to 20 Years
Minimum Sum Assured 75000/-
Maximum Sum Assured 300000/-
Policy Mode Yearly,Half-Yearly,Quaterly,Monthly (NACH only)
Policy Mode Yearly - 2%
Half-Yearly - 1%
Quaterly & Monthly - Nil
High Sum Assured Rebate 75,000 to 1,90,000 - Nil
2,00,000 to 2,90,000 - 2% on B.S.A.
3,00,000 - 3% on B.S.A
Loan After payment of premiums for at least 3 full years
Surrender Allowed after 3 year
Revival Within 2 Years of lapse

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