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8th November 2015, 03:16 PM
Super Moderator
 
Join Date: May 2012
Re: Andhra Bank Life Insurance

As per your demand I will help you here to get the details about the Andhra Bank Life Insurance so that you can have idea about it and apply easily


Here is the details about the Life Insurance offer by the Andhra Bank

Age Limit of Life assured at the time of joining At least 5 yrs and not more than 60 yrs on last birthday.
Age Limit of Policyholder at the time of joining 18 yrs as on last birthday

Premium paying mode and Investment Options Regular / Limited Premium with
half-yearly and Yearly paying modes.


It allows the policyholder to decide the amount to be invested systematically across five
different funds ā€“ Debt1, Equity1, Balanced1, Index Tracker and Value Fund.

Plan term Regular and Limited term : 15; 20; 25 yrs

Single Premium : 15 yrs

Premium paying term Regular Premium : 15,20,25 yrs

Limited Premium : 7 & 10 yrs

Single Premium : One time payment only

Minimum Annualized Premium Regular Premium : Rs. 12,000/-

Limited Premium : Rs. 15,000/-

Single Premium : Rs. 45,000/- (one time only)

Maximum annualized Premium No limit


Minimum Sum Assured - calculation
Regular & Limited type of Plan ā€“ Higher of [105% of (premium paying term x annualized premium) or (10 x annualized premium)]

Single Plan
For Age less than 45 yrs at the time of applying for the plan ā€“ 125% of
Single Premium

For Age 45 yrs & above, the Sum Assured is 110% of the single premium.


Address:-

Andhra Bank
Shakti Nagar Rd, Main Road, Shakti Nagar, Udaipur, Rajasthan 313001

Phone:-
0294 241 3415


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