SuryaJyoti Professional Endowment Insurance Policy

SuryaJyoti Professional Insurance Plan provides financial protection and saving for long-term liabilities at affordable premium which is specially designed to benefit individuals affiliated with the corporate houses.

This policy can be used as a security of the loan provided by the corporate houses to its employees. The product provide coverage against death and disability of insured during the policy term and guaranteed maturity benefit with bonus at the end of policy term which can be used to settle the loan.

Plan Features:

Basic Benefits :

• Death Benefit:In case of death before maturity, the Basic Sum Assured plus accrued bonuses will be paid to the beneficiary.
• Maturity Benefit:In case of survival until maturity, the Basic Sum Assured plus accrued bonuses will be paid to the insured upon the policy's maturity.

Optional Rider Benefits

With payment of additional premium, the following supplementary benefits may be added:

• Accidental Death Benefit (ADB) Only:
  

  In the event of the insured's death due to an accident, an additional benefit equal to the Basic Sum Assured—or a maximum of Rs. 1,00,00,000, whichever is less—is payable to the beneficiary.

• Accidental Death Benefit, Accidental Total Permanent Disability, Premium Waiver Benefit – ADB, TPD & PWB:
  

  The total coverage amount under these benefits will be equal to the Basic Sum Assured or a maximum of Rs. 1,00,00,000, whichever is less.

  • Accidental Death: In the event of death due to an accident, an additional benefit equal to the Basic Sum Assured is payable to the beneficiary.
  • Total Permanent Disability (TPD): If an accident results in the insured becoming totally and permanently disabled, an additional benefit equal to the Basic Sum Assured is payable in 120 monthly installments.
  • Premium Waiver Benefit (PWB): If the insured becomes totally and permanently disabled due to an accident, all future payable premiums will be waived.

ADVANTAGE FOR THE ORGANISATOIN:

• Security of Bank Loan in case of death/disability of borrower.
• Guaranteed return of Insured with additional Bonus for loan settlement.
• An effective HR tool for employee retention. 

ADVANTAGE FOR THE EMPLOYEES:

• Insurance premium will be lower than EMI
• No burden of interest on employees
• Financial Protection
• Tax Benefit
• Saving with Investment Return as Bonus.

Note: Benefits and Coverages under this plan shall be based on the Terms and Conditions mentioned in the policy & rider documents and also shall be governed by the regulatory directives.