Description: The Reassuring Life Endowment Plan is a reversionary bonus policy. It is a savings option, which also acts as a highly reliable safety net for your family in case something happens to you.
The Reassuring Life Endowment Plan enhances your life cover, and hence your sum assured, dramatically, every year. So when the endowment policy matures you can receive almost double the initial sum assured.

Benefits:
1)Expected Interest Rates: For the purpose of projecting benefits under this policy, the Life Insurance Council has prescribed two rates of returns. Currently the prescribed higher rate is 10% p.a. and the lower rate is 6% p.a.
2)Expected Bonus Rates: The Bonus rates are illustrated assuming that the rate of return on the Company’s investment remains the same throughout the policy term.
3)Guarantees: Provided the Policy is in full force, the Sum Assured is guaranteed and is payable on Death or on Maturity. Bonuses are declared based on the performance of the Company. An additional terminal bonus may also be declared by the Company.
4)Cash Surrender Value: This policy may be surrendered for cash at any time after payment of at least three full years’ premiums. The Guaranteed Surrender Value will be 30% of total premiums paid excluding the first years’ premiums and all extra premiums. Special Surrender Value if higher than Guaranteed Surrender Value, may be paid by the company at rates, as may be determined from time to time.
Product Features:
Eligibility
. Minimum entry age: 0 years.
. Maximum entry age: 60 years.
. Maximum maturity age: 70 years.
Premium Payment Term
. You can choose premium paying terms from 10-30 years.
Premium Payment Options
. Annual, half-yearly, quarterly or monthly.
Minimum Premium Payable
. Annual: Rs.8,000.
. Half-yearly: Rs.4,000.
. Quarterly: Rs.2,000.
. Monthly: Rs.750.