Midterm Growth Plan (MTG)
Money-back
About this plan
Midterm Growth (MTG) is an anticipated endowment life insurance plan providing a midterm survival payment (40% of Sum Assured) and maturity payment (60% of Sum Assured plus accrued reversionary bonuses). Features include cash surrender, policy loan, paid-up/non-forfeiture options and optional riders (Personal Accident, Waiver of Premium, Critical Illness).
What's included
Key highlights
- 2x death benefit after midterm
- 40% midterm survival payout
- Participation in reversionary bonuses
Features
- Midterm survival benefit: 40% of Sum assured at midterm; 60% sum assured (plus bonuses) at maturity
- Death benefit: 100% sum assured if death before midterm; 200% sum assured if death after midterm (midterm survival payout does not reduce death benefit)
- Cash surrender, policy loan, paid-up and automatic premium loan (non-forfeiture) options
- Payment modes: Annual, Semi-Annual, Quarterly
Eligibility & term
- Entry age
- 18 – 60 years
- Policy term
- Fixed for 12, 14, 16, 18, 20, 22 years
Declared bonus
Term-wise Breakdown
FY 2080/81
| Tenure (Years) | Rate (per '000) |
|---|---|
| 1-15 | Rs. 45 |
| 16-20 | Rs. 50 |
| 21 and above 21 | Rs. 55 |
Reversionary bonus rates declared for the latest fiscal year based on policy term. Rates are revised annually and are not guaranteed for future years.
Optional riders
Accidental death (ADB)PTD / PWBCritical illness (CI)
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