Citizen Annual Money Back Insurance Plan
A profit plan specifically designed for people who need cash in hand for their businesses, walks of life and to the people who have taken loans from different financial institutions.
Sum Assured payable conditions
- If the assured is alive during the policy term, following benefits will be payable subject to the terms and conditions under the policy:
(a) Under single premium payment policy, survival benefit of 5% of sum assured will be payable on each policy anniversary from the date of commencement of policy.
(b) Except single premium payment policy, survival benefit of 5% of sum assured will be automatically adjusted in next renewal due date.
(c) At maturity, all the survival benefits paid during the policy term or adjusted premium will be deducted from sum assured and the remaining amount with vested bonus will be paid.
- If the assured died before maturity of the policy, full sum assured with vested bonus will be paid as per terms and conditions of the policy.
Minimum Entry Age: 5 years
|Survival Benefit||Sum assured plus reversionary bonus shall be paid to assured after deducting the Survival Benefit Installments paid.|
|Death Benefit||Sum assured plus reversionary bonus shall be paid to the nominee without deducting the Survival
Benefit Installments paid.
|Rider Benefits||ADB (Accidental Death Benefit),
PTD (Permanent Total Disability),
PWB (Premium Waiver Benefit),
MIB (Monthly Income Benefit),
FE (Funeral Expense) Benefit and
Citizen Critical Care are available.
First Issued Date: 12.02.2019
Citizen Samuhik Myadi Jeevan Beema Yojana
Citizen Samuhik Myadi Jeevan Beema Yojana is a Group Insurance Plan. This plan can be issued to Micro Finance Institutions and Cooperatives. This....
Citizen Group Term Insurance Plan
Citizen Group Term Insurance Plan is a one year term plan which can be renewed up to age 64 years. This plan can be offered to those group having....
Critical Illness Rider
Times are changing and so is the lifestyle of people. With the changing lifestyle and the environment, it is evident that people are more exposed to....
Foreign Employment Term Life Policy
This policy is compulsory for those who are going out of country for the sole purpose foreign employment. The premium rates are given below (In....
Citizen Regular Pay Money Back Insurance Plan
This is anticipated endowment policy with profit plan. It has been specifically designed to pay periodic amount of sum assured in specific intervals....
Citizen Endowment Plus Insurance Plan
This profit plan is the most popular form of life assurance. It provides sum assured along with bonus to assured life at the end of maturity of the....
Citizen Jeevan Sarathi Yojana
“Citizen Jeevan Saarathi Yojana” is protection plan which is designed to provide long term protection to you. This plan has been made to address....
Bal Bhabisya Jeevan Beema Yojana
This is endowment with profit plan, specifically designed to help parents in making provision of funds required for meeting expenses for higher....