Single Premium Endowment Plan-405
This plan is made for those who avoid payment of premium in installments and want to invest a handsome amount at a time. Premium is equal to Sum Assured & paid in advance.
Key features:
- Single premium is paid in advance.
- Double the Sum Assured is paid at Maturity.
- Financial benefit for Two and a half times of the Sum Assured is paid to Nominee at unfortunate death.
At a Glance:
| Category | Investment & Risk Coverage. |
|---|---|
| Maturity Value | Two times of Sum Assured. |
| Death Benefit | Two and a half times of Full Sum Assured if policyholder dies during the term of the policy. |
| Paymode | Single premium paid in advance. |
| Term | 12 years. |
| Eligibility | 118-40 years. |