A term assurance plan providing cover for educational loan customers.
Eligibility
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For student – 18 to 30 years of age |
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For parents – 36 to 60 years of age |
Sum Assured
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Minimum – Rs. 3.00 lac (multiplus of Rs.10000/-) |
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Maximum – Rs.50.00 lac |
Term
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Minimum – 5 years |
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Maximum – 15 years |
Cover
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100% of the loan amount |
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125% of the loan amount |
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150% of the loan amount |
A saving plan with added advantage of life cover and guaranted cash inflow at regular intervals.
Minimum age of entry
15 years old
Maximum age of entry
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Option 1 : Term 10 years : 60 years old |
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Option 2 : Term 15 years : 55 years old |
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Option 3 : Term 20 years : 50 years old |
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Option 4 : Term 25 years : 45 years old |
Maximum age of maturity
70 years
Duration
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Option 1 – term 10 years |
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Option 2 – term 15 years |
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Option 3 – term 20 years |
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Option 4 – term 25 years |
Minimum sum assured
Rs. 50000 & thereafter in multiple of Rs.10000/-
Maximum sum assured
Rs. 5.00 crore
For members of self help group.
Minimum age for joining
18 years
Maximum age for joining
50 years
Sum
assured
Rs.25000/-
Term
10 years from the date of SHG joining the Scheme.
Premium amount
Rs.400/- per annum
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