Edelweiss Tokio Life Insurance, a joint venture company between India’s Edelweiss Financial Service and Tokio Marine Holding Inc, Japan, announced the launch of wealth augmentation policy called Single Pay Endowment Assurance Plan. This plan in a non – participating endowment plan.
The salient feature of this product is as under:
- Coverage equal to 10 times the premium amount e.g policy holder can pay a premium of Rs. 40,000 and get a cover for minimum sum assured for Rs. 400,000
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