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Plan Name
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Best Plan Features
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Reliance Endowment Plan
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- Amount Guaranteed plus maturity bonuses, subject to 100.1% of the premiums paid.
- Death payout 10 times the annualized premium or base Amount Guaranteed plus incentives. Either that, or 105% on all premiums paid.
- Term of policy from 10 to 25 years.
- Loan against policy available
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Kotak Classic Endowment Plan
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- A participating endowment policy offering compensation for up to 75 years of life insured.
- Annual incentives for the first year.
- Broad variety of options for terms.
- Payment incentives under Sections 80C and 10(10D) of the Income Tax Act, 1961.
- Riders are available to improve security.
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Kotak Premier Endowment Plan
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- Receive 5% p.a. (simple) of basic Amounts Assured as Guaranteed Additional rules within the first 5 policy years.
- Bonuses will accrue from the 6th policy year onwards.
- Regular or limited period of payment of premiums for 5, 7, 10 or 15 years for various term variations.
- There are 7 additional riders available.
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LIC New Endowment Plan
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- Minimum guaranteed amount of Rs.1,00,000.
- Death benefits not less than 105% of the gross premiums charged.
- The death gain is higher than the standard Amount Guaranteed or 10 times the annualized premium.
- Accidental death and injury riders are available.
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Shriram Life Insurance - New Shri Life
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- Life cover and reversion bonuses.
- Advance payment of the premium option with a discount.
- Additional safety available via riders.
- Minimum Sum Guaranteed of Rs. 50, 000.
- Monthly, quarterly, half-yearly and annual forms of payment of premiums.
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Aviva Dhan Nirman Endowment Plan
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- This is a conventional savings policy where bonuses have been announced.
- Guaranteed regular installments, calculated as a percentage of the annual premium, shall be received until the payment of the premium has been made.
- Easy reversion incentives are given every year under the scheme.
- The policyholder can select either term from a choice of 4 possible terms and the premiums are charged for a fixed term.
- Higher Sum Assured levels also attract premium refunds.
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Aegon Religare Endowment Policy
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- This is the Traditional Endowment Plan for the Bonus Facility
- Bonus will only accrue if premiums for the first three years have been paid but the policy participates in the Bonus for the first policy year itself.
- 200% of the Sum Assured is granted as a death benefit if the life insured dies before the policy matures.
- At the end of the policy term, 100% of the Sum Assured would be paid as a maturity benefit.
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Birla Sun Life Insurance-Vision Endowment Plan
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- Quick reversion incentives are applied to the package.
- Premiums are only due for a short amount of time.
- There is a built-in Accidental Death Benefit rider providing extra Amounts Guaranteed in case of accidental death.
- Comprehensive coverage can be selected from the alternative rider available under the package.
- Premium concessions are granted for higher Sum Guaranteed amounts and premium pay frequencies.
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Bharti AXA Life Elite Advantage Plan
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- Guaranteed Pay-out-8.5% to 9.5% from the close of the policy period and 100% Amount Guaranteed at maturity.
- Amount Assured-100 percent of Sum Promised on Maturity is charged at the end of the 20th year of the reform date.
- Flexible Premium Paying Periods – 5, 7 and 12 years.
- Payment benefits-under Section 80C and Section 10(10D) of the Income Tax Act
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Future Generali Assure Policy
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- This is a contributing endowment policy
- The minimum subscription period of the premium shall be 5 years under this scheme.
- On survival until the end of the policy period, the policyholder shall earn the Amount Guaranteed + Assured Compounded Reversal Bonus as Maturity Value.
- If the life insured dies within the insurance duration, the candidate will collect the Amount Guaranteed + accumulated bonus as the death benefit.
- There are six extra riders in this scheme.
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