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Anticipated Endowment Assurance

Anticipated Endowment Assurance


This is a modified form of endowment assurance and is also called ‘Three Payment Plan’. Besides fulfilling the long-term financial needs, it also helps in meeting the short-term financial exigencies. As the name suggests, the plan offers three payments throughout term of the policy.

The plan offers survival benefits equal to 25% of sum insured on completion of 1/3rd and 2/3rd term of the policy. On completion of term of the policy, the remaining 50% sum insured plus accrued bonuses shall be payable. If the life insured expires during term of the policy, full sum insured along with accrued bonuses shall be payable [even though 1st or 2nd survival benefits already paid]. Click here for supplementary covers available with this plan.

The plan is suitable for the individuals who have long-term financial needs but also anticipate requirement of money relatively earlier. Three Payment Plan helps fulfilling these short-term financial needs without terminating the actual contract. Click here for calculation of premium on your life under this plan.