242 image1

Future Secure Guaranteed Return Plan (Plan no. 242)

INTRODUCTION

This plan is suitable for those who want to invest in lump sum for a shorter period and expect guaranteed returns on their investments, in addition to having the benefit of life insurance.

BENEFIT

Basic Sum Assured along with Top Up Premium (if any) and Guaranteed Additions on Basic Sum Assured and Top Up Premium are payable in lump sum to the policyholder at the end of the policy term.

In case of unfortunate death of the life assured during the term of the policy, Basic Sum Assured along with Top Up Premium (if any) and Accrued Guaranteed Additions on the Basic Sum Assured and Top Up Premium will be paid to the beneficiary.  Guaranteed Addition will accrue on a pro-rata basic upto the date of death.  In the event of death of life assured due to accident during the term of the policy, an additional amount equal to 100% of Basic Sum Assured will be payable to the beneficiary.

Guaranteed Addition payable on Basic Sum Assured and Top Up Premium will be at the rate of USD 30 p.a per thousand.

BASIC PRODUCTS FEATURES, RESTRICTION AND APPLICABILITY

Attribute Minimum Limit Maximum Limit
Sum Assured USD 2500 USD 500,000
Top Up Premium USD 10,000 USD 500,000
Age Entry 15 years (Completed) 70 years (nearer birthday)
Age at Maturity 73 years (nearer birthday)
Term 3 Years
Mode of Premium Payment Single Premium

 

SERVICING ASPECTS

Premium payment

Single premium payment option is only available.

Policy Loan

Policyholders can raise a loan after the policy has acquired surrender value.

Paid Up Value

Not Applicable