Endowment Plus
Offers investment-cum-insurance during the term of the policy
and is available for people under 7-60 years
for a policy term between 10 years and 20 years.
The minimum annual premium under the policy is Rs 20,000 for regular modes
and a risk cover of up to 11-30 times of annualised premium
or 1.25 times of single premium.
Critical illness and accident benefit riders are also available with this policy.
The policy holder has the option to choose any of the 4 funds
Namely - Bond Fund, Secured Fund, Balanced Fund Growth Fund.
The option of switching within the funds is available any number of times during the duration of policy.
The first four switches every year are free of charge and Rs 100 is levied thereafter per switch.
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