It is an Endowment Assurance Scheme

Under this scheme, the proponent is given an assurance to the extent of the sum assured and accrued bonus till he/she attains the predetermined age of maturity.

In case of unexpected death of the insurant before maturity, the assignee, nominee or the legal heir is paid the full sum assured together with accrued bonus.

  • Insurance cover starts from the date of acceptance

  • Minimum Age at entry is 19 years

  • Maximum Age at entry is 45 years

  • Premium ceasing at the age of 35, 40, 45, 50, 55, 58 & 60

  • Payment of premia for at least 5 years

  • Maximum sum assured of Rs. 1 lac

  • Eligible for loan after payment of 36 months

  • Interest rate @ 10% on loan

  • Surrender of policy allowed after payment of premia for 36 months

  • Assignment facility available

  • Can be converted into Gram Suraksha (Whole Life Assurance)

  • No medical examination required if age is 35 or less and sum assured is not more than Rs.25,000/-

  • Nomination facility available