Optional Maturity Endowmen
Optional Maturity Endowmen:
It is an endowment assurance with a built in option to mature early. The plan is available for individuals aged 20 to 45 years. The policyholder has following options regarding maturity of this plan. After the policy has been in force for 20 years or more, the policyholder gets an option to mature the policy for a proportionately reduced sum insured. After the policy has been in force for 20 years or more, the policyholder, depending on his or her needs, can mature the policy in parts. Let the policy mature at originally selected term. In this case the policyholder gets an additional bonus. The policy participates in bonuses declared by State Life from time to time. Please click here for details of bonuses currently available for this plan. Coverage under the policy can also be enhanced by attaching supplementary covers. Please click here for the details of supplementary covers. Please click here for calculation of your premium under this plan.
12: Nigehban:
This plan provides term insurance cover for a period ranging from 5 to 10 years. As the name suggests, this plan is meant to provide protection during the term of the policy only i.e. sum insured is payable on death if it occurs during the term of insurance while the policy is in force. The plan does not carry any survival benefits, maturity benefits, surrender values, loan values etc. The policies will be without profits. Please click here for calculation of your premium under this plan. The plan is available in two versions namely, with single premiumand with annual premiums. Attaching certain supplementary covers can widen the coverage under the plan. Please click here for the details of supplementary covers available for this plan.
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