Marriage Endowment Or Educational Annuity Plan WITH CHART

Marriage Endowment Or Educational Annuity Plan WITH CHART: Marriage Endowment plan is one of the most useful plan WITH CHART , parents can propose this policy for their Daughter or sun on scheduled date i.e. Maturity date.  The assured amount can be used for Marriage or Higher education of selected child. The entry age to get this policy is 18 years the  and the maximum age is 60 years maturity age would be 70 years. You can pay the premiums in monthly, quarterly, half-yearly  and yearly.

At the  Maturity date  bonuses and Assured amount will be paid in single payment or installment whichever you selected. If the death occurs during the policy the assured amount and bonus will be paid on the maturity date to the dependent in single payment or 10 half-yearly installments,  rest of the premiums waived.Loans and Guaranteed Surrender value facility is available for this policy.Guaranteed Surrender value will be on 3 years  or above  it would be 30% of basic premiums  by deducting the first year premium. Similarly loan facility @10.5 P.A. after 3 years of policy period.

If the accident occurred for the policy holder Sum Assured amount available subsequently.

Illustration

Ageatentry:35years
PolicyTerm:25

Premiumpayingterm:25years
Modeofpremiumpayment:Yearly
SumAssured:Rs.1,00,000/-
Annual Premium: Rs. 3727/-

End of year	Total premiums paid till end of year	Benefit payable on death / maturity at the end of year
		Guaranteed	Variable		Total
			Scenario 1	Scenario 2	Scenario 1	Scenario 2
1	3,727	-	-	-	-	-
2	7,454	-	-	-	-	-
3	11,181	-	-	-	-	-
4	14,908	-	-	-	-	-
5	18,635	-	-	-	-	-
6	22,362	-	-	-	-	-
7	26,089	-	-	-	-	-
8	29,816	-	-	-	-	-
9	33,543	-	-	-	-	-
10	37,270	-	-	-	-	-
15	55,905	-	-	-	-	-
20	74,540	-	-	-	-	-
25	93,175	100000	69,500	182,500	169,500	282,500