An Anticipated Endowment Assurance Scheme which is also known as money Back Policy.
 Insurance cover starts from the date of acceptance of the proposal .
 Survival benefit is paid to the ninsurant periodically.(Such payment will not be
taken into consideration in the event of unexpected death of the insurant and full
sum assured with accrued bonus is payable to the nominee)
 Two types of policies i.e. 15 years term and 20 years term.
 Minimum age entry is 19 years and maximum age at entry is 40 years,
 Maximum sum assured is Rs 5 lakh.
 No surrender value is payable.
 Nomination facility is available.
 Assignment facility is available.
 Survival benefit is payable
as under:
15 years
20 years
at the end of 6 years
8 years 20% of sum assured
at the end of 9 years
12 years 20 % of Sum Assured
at the end of 12 years
16 years 20% of Sum Assured
at the end of 15 years
20
years 40% of Sum Assured with accured bonus on original sumassured
balance 40% sum assured bonus
with accured bonus on original sum assured
