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AMP SANMAR - Subha Shree
Plan Highlights
| Key Feature |
A limited payment endowment assurance plan where premium paying term is less than the policy term.
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| Best Suited For |
People who wish to ensure financial security for their family along with providing for one's old age. |
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| Features |
1) Compounded bonus is payable under the policy.
2) Premiums can be paid in yearly, half-yearly and quarterly modes. For half-yearly and quarterly modes, premiums payable will be marginally higher by 1.02 and 1.04 times respectively.
3) Rebates for high sum assured are available.
4) Offers Accident benefit and/or the Critical Illness benefit for a marginal additional premium payment. These riders can be availed till the age 64 years.
5) Critical illness Benefit provides a lump sum payment in the event of a specified serious illness like a stroke or heart attack suffered by the Life Assured.
6) Accident Benefit provides an additional lumpsum if death of the policy holder is caused by an accident, subject to certain conditions.
7)Loans can be taken against the surrender value of the policy, after three years? premiums have been paid. |
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Benifits
| Maturity Benefits |
At the end of the policy term, the vested bonus is payable. |
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| Survival Benefits |
Full sum assured payable at the end of the premium paying term instead of waiting till the maturity of the policy, that is, a full five years in advance. |
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Death Benefits
(Natural) |
Full sum assured along with vested bonus on death during the term of the policy irrespective of earlier survival benefits. |
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Death Benefits
(Accidentals) |
As per the rider, additional sum assured in case of death due to an accident. However, this benefit is not available beyond the age of 64 years.
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| Other Benefits |
Bonus is compounded yearly (i.e. bonus declared in the previous year earns bonus in the next year) and is payable at the end of the policy term. |
Policy Features
| Type |
Endowment Policy |
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| House Loan |
Yes |
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| General Loan |
Yes |
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| Premium Paying options |
Yearly, Half-Yearly, Quarterly |
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| Period of Life Insurance |
5 years more than premium paying term |
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