Endowment Plus

A unit linked Endowment plan

which offers
investment cum insurance cover
Min. Age at entry  -  7 (last birthday)

Max. Age at entry -  60 years (age nearer birthday)

Min. Maturity Age -  18 years (completed)

Max. Maturity Age -   70 years(nearer birthday)

Policy Term          -   10 to 20 years

Minimum Premium                        
Regular premium (other than ECS mode): Rs. 20,000 p.a.
Regular premium (for ECS mode): Rs. 1,750 p.m. 
Single premium: Rs. 30,000  

Maximum Premium                      

Regular premium: Rs. [1,00,000] p.a.
Single premium: No Limit  
Premium Allocation Charge
For Single premium policies: 3.3%
For Regular premium policies:  
First Year 7.50%
2nd to 5th Year 5.00%
thereafter 3.00%
Mortality Charge
The charges per Rs. 1000/- life insurance cover for some of the ages
Age Rs.
25 1.42
35 1.73
45 3.89
55 10.76
Policy Administration Charge
Rs. 30/- per month during the first policy year
Rs. 30/- per month escalating at 3% p.a. thereafter

Fund Management Charge

0.50% p.a. of Unit Fund for “Bond” Fund
0.60% p.a. of Unit Fund for “Secured” Fund
0.70% p.a. of Unit Fund for “Balanced” Fund
0.80% p.a. of Unit Fund for “Growth” Fund

Switching charge of Rs. 100 per switch (after 4 free of charge)

Alteration is subject to a charge of Rs. 50
Discontinued during the Annualized premium up to Annualized premium above Rs.
policy year Rs. 25,000 25,000
1 Lower of 10% * (AP or Lower of 6% * (AP or FV)
FV) subject to a maximum subject to maximum of Rs.
of Rs. 2500 6000

2 Lower of 7% * (AP or FV) Lower of 4% * (AP or FV)

subject to a maximum of subject to maximum of Rs.
Rs. 1750 5000

3 Lower of 5% * (AP or FV) Lower of 3% * (AP or FV)

subject to a maximum of subject to maximum of Rs.
Rs. 1250 4000

4 Lower of 3% * (AP or FV) Lower of 2% * (AP or FV)

subject to a maximum of subject to maximum of Rs.
Rs. 750 2000

5 and onwards NIL NIL

AP – Annualised Premium
FV – Fund Value
Options

 Switching

 Surrender

 Partial Withdrawal (after lock-in)

 Settlement Option
Death Benefit
Higher of Sum Assured and the Policyholder’s Fund Value

Maturity Benefit
An amount equal to the Policyholder’s Fund Value is payable

Types of Funds
 Bond
 Secured
 Balanced
 Growth
 Fund Investmen Short term Listed Risk /
t in Govt. investments Equity Return
Securities Shares
Bond Not less than Not more than Nil Low risk
60% 40%
Not more than Not less than Lower to
15% & not
Secured Not less than 40% Medium
more than
45% 55% risk
Balanced Not less than Not more than Not less than Medium
30% & not
30% 40% risk
more than
70%
Growth Not less than Not more than Not less than High risk
40% & not
20% 40%
more than
80%
 In a nutshell….
 ULIP provides a complete selection of high risk,
medium risk and low risk investment options
under the same policy, which a client can choose
from based on his/her risk taking appetite.

 ULIP is an outstanding solution for maintaining

liquidity

 ULIP provide consumers with the best of both

worlds – insurance and investment.