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THE DOUBLE ENDOWMENT POLICY
(WITHOUT PROFITS)

'THE DOUBLE ENDOWMENT POLICY' is of particular value to the person who be reason of some physical disability isnot eligible for acceptance at the tabular rates under any of the other classes of assurance, since such person would generally be accepted at the tabular rates under this scheme.

Salient Features

  • Double the sum assured is payable if the life assured survives the selected term, while basic sum assured is payable in the event of life assured dying within the selected term.
  • This is a without profit policy.
  • Premiums cease on death or on expiry of term whichever is earlier.
Benefits
  • On Death: Double the Sum Assured is paid
  • On Survival: Sum Assured is paid

Restrictions

  • Premium depends on the term of insurance chosen only.
  • Minimum age at entry : 12 years
  • Maximum age at entry: 55 years
  • Minimum amount of insurance: Rs 50000
  • Minimum premium must be Rs.800/- per annum
  • Premium ceasing age not to exceed : 65 years
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Colorado Health Insurance Plans