Flexible Endowment Plan
About Flexible Endowment Plan This is an endowment plan that combines protection and investment. It provides guaranteed payouts at regular intervals in three installments.
Provides for full payment of the face amount in the event of death of the policyholder during the period of insurance. Period of insurance ranges from 6, 9, 12, and 15 years. Provides for annual reversionary bonus payable in addition to the face amount or earlier death at the rate of 4%. Provides for cash values on the basic policy and the declared reversionary bonus. Provides for 70% of cash value as loanable value after three years of running the policy. Provides for policy surrender after two years of payment and maintenance of policy.
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