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HDFC's |
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Endowment Assurance Plan |
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Endowment Assurance Plan is a traditional endowment life insurance plan from HDFC Standard Life Insurance Company Limited. |
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Unique selling proposition |
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- Sum assured and premium payable is calculated by taking into account the amount of targeted savings and required policy term.
- Flexible premium payment and benefit options.
- Choice of 4 benefit riders.
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Policy Benefit |
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Sum assured plus bonuses announced payable on death of life assured during the policy term. Sum assured together with bonuses and terminal bonus is paid as maturity benefit at end of policy term. |
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Eligibility parameters |
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Age at entry: minimum – 12 year (18 years for basic policy with riders); maximum – 60 years (55/60/55/50 years for policy with CI / ATB / ADB / WOP riders) |
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Maximum age at maturity – 75 years (70/75/65/60 years for policy with CI / ATB / ADB / WOP riders) |
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Policy term: minimum – 10 years; maximum – 30 years (for both basic policy and policy with riders) |
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Annual premium: minimum Rs.1800 |
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Premium payment frequency: annual, semi-annual and quarterly |
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Premium payment period: equal to the policy term |
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No loan is available against the policy. |
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Riders available |
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- Critical illness (CI) rider
- Additional term benefit (ATB) rider
- Accidental death benefit (ADB) rider
- Waiver of premium (WOP) benefit rider.
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Indicative Premium |
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Premium payable for Rs.10 lacs policy for 25 year term; for a 30 year old male is Rs.37,000 approximately. |
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