PLI Anticipated Endowment Assurance (Sumangal) Policy

Anticipated
Endowment Assurance                                       (Sumangal)

            It is a Money Back Policy with maximum sum assured of ₹ 50 lacs, best
suited to those who need periodical returns. Survival benefits are paid to the
insurant periodically. Such payments will not be taken into consideration in
the event of unexpected death of the insurant. In such cases, full sum assured
with accrued bonus is payable to the assignee, nominee of legal heir.

ü  Policy term: 15 years and 20 years

ü  Minimum age 19 years; maximum age at entry 40 years for
20 years’ term policy & 45 years for 15 years’ term policy

ü  Survival benefits paid periodically as under: –

ü  15 years Policy- 20% each on completion of 6 years, 9
years & 12 years and 40% with accrued bonus on maturity

ü  20 years Policy- 20% each on completion of 8 years, 12
years & 16 years and 40% with accrued bonus on maturity

ü  ​Last declared Bonus- ₹ 48/- per ₹ 1000 sum
assured per year

Source:www.indiapost.gov.in