Money Back term Insurance plan - with guaranteed profits
It is an easily availability and attractive scheme for the poor people of the country.
The policy holder will receive return of all premiums paid during the term of the policy and 25% of the basic sum assured on maturity of the policy. The nominee of the policy holder will receive full sum assured on death within the term of the policy.
In case of payment of death of the policy holder, the claim is to be paid to the nominee selected by the policy holder. The premium rate is extremely low in this plan. The term of this plan is available in 10,15 & 20 years and minimum age of the policy holders are 20 years & maximum age up to 70 years of the maturity.