CML Micro Non-Par Endowment (Single)
Endowment
About this plan
Single premium micro endowment plan with a guaranteed addition of Rs.50 per Rs.1,000 of sum assured per year.. On death or maturity the sum assured plus accumulated guaranteed additions are paid as a lump sum.
What's included
Key highlights
- Single premium
- Guaranteed addition Rs.50 per Rs.1,000/year
- Entry age 18–60
Features
- Sum assured from Rs.10,000 to Rs.500,000
- Guaranteed addition Rs.50 per Rs.1,000 per year
- Single one-time premium payment
- Death benefit: sum assured + accumulated guaranteed additions
- Maturity benefit: sum assured + accumulated guaranteed additions
- Surrender, loan and paid-up values available
- Optional riders available
Eligibility & term
- Entry age
- 18 – 60 years
- Policy term
- 5 – 25 years
- Sum assured
- Rs 10,000 – Rs 5,00,000
- Premium modes
- Single
Benefits payout
- Death benefit
- Sum Assured + accumulated guaranteed addition (Rs.50 per Rs.1000 per year)
- Maturity benefit
- Sum Assured + accumulated guaranteed addition (Rs.50 per Rs.1000 per year)
Optional riders
Accidental death (ADB)PTD / PWBCritical illness (CI)
Accidental Death Benefit
Additional benefit payable on accidental death (available as rider on payment of extra premium).
Total Permanent Disability
Rider providing benefit or waiver on total permanent disability (available on payment of extra premium).
Premium Waiver Benefit
Rider to waive future premiums on specified events (available on payment of extra premium).
Loan & liquidity
- Policy loan
- Available
- Paid-up value
- Yes
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