Education Endowment at Age 19 (With Guaranteed Bonus) E-19

Description

E-19 is an Educational Endowment Policy that provides for the payment of the sum assured at maturity of the policy or on prior death of the life assured. The maturity benefit which is double the sum assured is paid at Age 19 of the policyholder while the basic sum assured with accrued bonus is paid to the beneficiary on death of the policyholder prior to maturity.

It also has the following features:

• Double payment of the sum assured at maturity date of the policy.
• If the policyholder dies before maturity, the policy continues to be in force while the premium payment stops (Waiver of Premium) and the policy proceeds payable at maturity date of the policy.
• Payments of cash surrender value after three (3) years of premium payment
• Loan facility