Anticipated Endowment Assurance
Sumangal
A money-back plan paying periodic survival benefits during the term, with the balance plus bonus at maturity. Full sum assured on death — survival payouts already made are not deducted.
Suitable for
Those who want life cover plus periodic cash returns during the term rather than a single lump sum.
Key features
- 15-year: 20% of SA at years 6, 9, 12; 40% + bonus at 15
- 20-year: 20% of SA at years 8, 12, 16; 40% + bonus at 20
- Full sum assured + bonus on death even after survival payouts
- Periodic liquidity during the term
Important conditions
- Lower maximum entry age (40 / 45)
- Exact 20-year payout schedule — Verify current terms with India Post
Documents required
- Completed proposal form (in capital letters)
- Identity proof (Aadhaar / PAN / Voter ID / Passport)
- Age proof & address proof
- Proof of eligibility (PLI) / rural residence (RPLI)
- Recent passport-size photographs
- Medical examination report where required by age / sum assured
FAQs
How does money-back work?
You receive 20% of the sum assured at set intervals, and the balance plus bonus at maturity.
Does death reduce the payout?
No — the full sum assured plus bonus is paid to your nominee regardless of survival benefits already received.