This is an Endowment Assurance plan that provides financial protection against death throughout the term of the plan. Couples having a child aged less than 1 year can take this policy without having to undergo any medical examination. Others with or without a child aged less than a year can also opt for the policy, but would have to undergo medical examination

Features
• Besides payment of Sum Assured immediately on death, one-fourth of Sum Assured is payable at the end of each of last four years of policy term whether the life assured dies or survives the term of the policy.
• Premiums are payable yearly, half-yearly, quarterly, monthly or through salary deductions throughout the term of the policy or till the earlier death.
• This plan is best suited for some one planning for children's higher education or marriage, as money back installments are payable in the last four years of the term chosen.
• Bonus for the full term plus any additional bonus is payable on the date of maturity
• Premiums cease on death or on expiry of term whichever is earlier
• This plan can be availed for terms between 20 and 25 years

Benefits

Death/Survival Benefit
One fourth of the sum assured is payable at the end of each of last four years of the policy term. On death/survival all bonuses declared during the term of policy will also be paid along with the last installments. These benefits are payable whether the life assured survives the policy term or dies during the term of policy. Further, on death during the policy term, an amount equal to Sum Assured is also payable immediately.

Extra Benefits (optional)
These benefits can be availed by paying an extra Premium.

Guaranteed Surrender Value:
The policy may be surrendered after it has been in force for 3 years or more. The guaranteed surrender value is 30% of the basic premiums paid excluding the first year’s premium and the fixed benefit already paid.

Eligibility
• Minimum amount of Sum Insured - Rs. 30,000
• Minimum premium must be Rs.800 per annum
• Minimum entry age- 18 years completed
• Maximum entry age- 40 years
• Maximum age at entry can be raised to 45 years if the original or attested birth or school certificate is submitted as age proof
• Maximum maturity age - 65 years
• For proposals without medical certificate, a declaration has to be given
• Some restrictions apply for female lives