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ING VYSYA - Reassuring Life Endowment Plan
Plan Highlights
| Key Feature |
A fixed term policy with periodic payback of money at fixed intervals coupled with life insurance.
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| Best Suited For |
People seeking returns at regular intervals instead of a lumpsum on maturity date. |
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| Features |
1)An annual cash bonus may be declared and is payable to the policyholder or the nominee, in case of untimely death of the policyholder.
2)The cash bonus can be either allowed to accumulate and grow at the interest rates provided by the company or can be received in cash or adjusted against payment of future premiums.
3)Riders available: Accidental Death Benefit, The Accidental Death, Disability and Dismemberment Benefit, Waiver of Premiums Benefit and Term Benefit.
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Benifits
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| Maturity Benifits |
Sum assured plus bonus additions less the survival benefits already paid is paid to policy holder.
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| Survival Benifits |
20%, 20%, 20% and 40% of the sum assured in the 4th, 8th, 12th and 16th year respectively. |
| Death Benifits (Natural) |
Full sum assured plus accrued bonus is paid to nominee. |
| Death Benifits (Accidental)) |
An amount over and above the basic sum assured. |
Other Benefits
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Guaranteed bonus of 4% on the invested premium for the first year.
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Policy Features
| Type |
Money Back 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, Monthly |
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| Period of Life Insurance |
16 years |
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