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anticipated endowment assurance 3 payment plan

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anticipated endowment assurance 3 payment plan

anticipated endowment assurance 3 payment plan with profit the full sum assured plus accrued bonus, if any, are payable at the death of the assured any time while the policy in force.

on expiry of 1/3 of the policy term, 25% of sum assured can be taken by the policyholder. another 25% of the sum assured can be taken on expiry of 2/3of the policy term and the remaining50 % sum assured plus accrued bonuses shall be payable at the end of the policy term in the event of survival of the assured.

anticipated endowment assurance 3 payment plan

if the option 2 withdraw and installment of 255 of the sum assured is not exercised on the due date or within 6 months afterward, a special bonus will automatically be added to the policy at the end of 6 months.

in this event on the death of the assured while the policy is in force the special bonus will be payable in addition basic sum assured other reversionary bonuses accrued on the policy and the amount of any installment left with state life.

on the maturity date, the special bonus will be payable together with all the installment of the sum assured remaining with the state life in addition to regular reversionary bonus accrued on the policy.

so long as the policy remains in force the policyholder may surrender the unclaimed installment of sum assured together with the related special bonus the aggregate  cash surrender value of the 2 shall not be less the amount of the said unclaimed installment the reversionary bonuses as per usual practice will continue to be allotted each year on basic sum assured if in force and as when actuarial surplus is declared .

anticipated endowment assurance 3 payment plan

however the unclaimed installments of sum assured and related special bonuses will not participate in state life s  actuarial surplus the following rates of special bonuses are based upon the investment climate prevailing at present and it can be reduced on enhanced any time in future by the corporation however once a special bonus is allocated to the policyholder.

Loan:

 state life may grant a loan to the policyholder on his/her written request, against the net surrender value of the policy. the amount of loan shall not exceed 80% of the said net surrender value. the rate of profit or return and the other terms and conditions will be determined by state life at the time of granting the loan.loans of less then RS will not be given.
the amount of loan together with accrued profit or return will be the first charge on the policy, prior to all other claims.

SURRENDER VALUE;
The policy will acquire a surrender value after it has been in force for at least two consecutive years provided no premiums are in default. The surrender value will be quoted by state life on request of the policyholder. the surrender value is guaranteed to be not less than 30% aggregate premiums.

Claim:

State Life insurance policies provide a wide range of benefits in case of death of the persons covered against them. If your loved one covered under any of State Life has expired, you should lodge a death claim with us. All you have to do is to send a written intimation to the zonal office of State Life servicing the policy against which you are lodging a death claim.

Maturity:

It is a matter of great pleasure that your policy has matured. It is a time to fulfill the goals that you had set years back. For collecting maturity benefits, please send a written request alongwith following documents to your servicing State Life zonal office:

it tren can be 18,21,24,27,30

AGE NEAREST BIRTHDAY18 YEARS21 YEARS24 YEARS27 YEARS30 YEARS
2062.1553.8747.2242.0637.98
2162.2153.9547.3242.1838.12
2262.2854.0347.4242.3138.28
2362.3554.1247.5342.4438.45
2462.4354.2247.6642.6038.65
2562,5254.3347.8042.7938.88
2662.6454.4747.9642.9939.13
2762.7654.6248.1443.2239.42
2862.8854.7848.3543.3839.74
2963.0354.9548.5843.7640.09
3063.2055.1648.8444.0940.48
3163.3855.4049.1344.4640.92
3263.5955.6849.4844.8641.39
3363.8255.9849.8545.3241.91
3464.1056.3250.2845.8242.48
3564.4256.7150.7546.3743.09
3664.7857.1551.2946.9643.76
3765.1957.6651.8747.6244.48
3865.6458.2152.5048.3445.27
3966,1658.8253.2049.1246.11
4066.7559.5153.9749.9647.03
4167.4060.2754.8050.8748.00
4268.1261.0955.7051.8549.07
4368.9261.9956.6952.9250.21
4469.7962.9557.7554.0751.42
4570.7764.0058.9055.3052.72
4671,8365.1560.1456.62--------
4772.9666.4061.4858.05-----
4874.2067.7462.9259.57---------
4975.5469.1964.47-------------
5076.9870.7566.13---------------
5178.5472.4367.89------------------
5280.2074.20-------------------
5381.9976.11------------------------
5483.8978.13-----------------
5585.91-------------------------------
5688.06------------------------------
5790.33----------------------------- --------

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