Endowment Life Insurance

Endowment life Policy
Endowment Life Policy gives savings, and protection against the financial lost incurred by the death of the person insured. This policy is for
  • Yourself
  • Your husband or wife
  • Your family and beloved ones
(The breadwinner should purchase this policy)
Age Limitation10 yrs to 55 yrs
Insured Period5 yrs (minimum) to 45 yrs (maximum)
Total Sum InsuredThere is no limitation for sum insured.The client can choose any amount that he wishes to cover.
PremiumPremium payment rate will be calculated base on the coverage and age of the insured person.
PaymentPremium can be installed by month,quarter, half-year or annum depending on the client's option.
Medical Check-upMedical check-up is a requirement for everyone who wants to purchase this policy. (Capital Life will assist you for this process)
Coverage
We provide financial protection against;
  • Permanent disability and
  • Premature death of the insured.
(Please contact Capital Life for more details)
Benefits
  1. The policy holder shall receive the total sum insured at the maturity.
  2. The policy holder shall save the money by purchasing this policy.
  3. No tax shall be assessed on insurance indemnity or maturity benefit.
  4. Premium amount is tax deductable.
  5. Death claim shall be paid to the legal representative of the policy holder upon premature death.
  6. Total Permanent Disability benefit shall be paid either in lump sum or in installments when the insured becomes permanently disabled.
  7. Paid-Up value shall be reimbursed at the maturity if the policy holder wishes to terminate the policy.
  8. Surrender Value shall be reimbursed if the policy holder wishes to surrender the policy.
(Premium payment must have at least two or three years for no.7and 8)

Srouce From : http://www.capitallife-insurance.com/