This policy provides for payment of 20% of the sum assured five years and ten years before maturity date of the policy, except for policies with duration of ten years. In the latter case, 20% of the sum assured is paid five years after the inception and the balance of the sum assured, i.e. 80% is paid at maturity. For those policies with duration of 15, 20, or 25 years, the balance of 60% becomes payable at the maturity date. These payments are made only if the life assured is alive at those intervals and if the policy is maintained in force. In case of the life assured’s death at any time before the maturity date, the FULL SUM ASSURED IS PAID NOTWITHSTANDING any prior payments made at the said intervals.
Anticipated Endowment Planwp