This one is yet another endowment plan that has been planned specifically to offer insurance cover in a simple way. This insurance policy is considered to be the simplest policy that is now available in the country.
This is one such policy that offers complete freedom to the policy holder to decide from wide variety of solutions that are already pre-packaged. Thereby this policy allows the benefit to its customers to choose the period for the payment of premium. Apart from this the policy also offers insurance cover against death and disablement. It has built-in accident cover as well.
Some of the important benefits that are availed by the subscribers of the Safal Jeevan Endowment Plan policy are as follows:
- The amount of premium is very low and this makes this policy the most reasonable insurance policy in the country. People of every class are able to have this policy to grow excellent insurance coverage.
- This policy features an in-built accident cover, which can only be establishing in some other insurance policies of ING Vysya Life Insurance.
- In this policy there is also no need to go for medical underwriting.
Some of the main features of ING Vysya Safal Jeevan Endowment Plan policy are as follows:
- The minimum and the maximum age limit for subscribing this policy is 18 and 45 years respectively. The maximum age limit at the time of maturity of the policy is 60 years.
- The insured can also choose their own term for the payment of the insurance premium. The term options those are obtainable to the insured are 10, 15 and 20 years.
- The options regarding the payment of premiums are annual, half-yearly and quarterly.
The minimum annual premium that is to be paid is rupees 2,000 and the half-yearly premium is 1,000 rupees.
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Tags: Endowment Plan, ING Vysya Life Insurance, insurance policy, Safal Jeevan Endowment Plan