It has been decided to introduce a new scheme called "
Anticipated Endowment Assurance Scheme" with effect from 01.02.1984 from the date of commencement of PLI centenary celebration. The salient features and the benefits offered under this scheme, in brief, here under: -
(i) A policy under the scheme will be available in tow plan one of
15 years and the other of 20 years.
(ii) The minimum sum for which a policy is issued will be Rs. 20,000/-.
(iii) The upper age limit for the 15 years and 20 years plans are
45 years and 40 years respectively.
(i) Under both the plans the sum assured will be paid in four installments as shown
below: -
15 year Term Plan
a. 20% of the sum assured on the life assured surviving to the end of
6 years
b. 20% of the sum assured on the life assured surviving to the end of
9 yearsc. 20% of the sum assured on the life assured surviving to the end of
12 years.
d. 40% of the sum assured together with
accrued bonus on life assured surviving to the end of 15 years 20 Year Term Plan
a. 20% of the sum assured on the life assured surviving to the end of
8 yearsb. 20% of the sum assured on the life assured surviving to the end of
12 yearsc. 20% of the sum assured on the life assured surviving to the end of
16 years.
d. 40% of the sum assured together with
accrued bonus on life assured surviving to the end of 20 years Salient Features of AEA-Sumangal
Anticipated Endowment Assurance AEA-Sumangal, No Loan & No Surrender is Applicable.