Education Endowment policy (E-17 OR E-19).

Educational Endowment Policy provides for the payment of the sum assured at maturity or prior death of the life assured.  The maturity Benefit which is double the sum assured is paid at Age 17 or Age 19 (depend on the option) of the child while the basic sum assured with accrued bonus is paid on death prior to maturity

Education Endowment policy (E-17 OR E-19). Scope of Cover?

It guarantees double payment of the sum assured at maturity
It guarantees the payment of the sum assured with accrued bonus in the event of the death of the policyholder prior to maturity
It provides for payment of cash surrender value after two (2) years of premium payment
It has loan facility

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