Endowment Assurance Policy

As the name suggests, an Endowment Assurance Policy acts as an assurance to the policyholder and their family, irrespective of whether the policyholder passes away early or lives longer.

If the policyholder passes away early, their family has assured financial benefits. But even if the policyholder lives longer, they are assured accumulated financial benefits with a bonus.

BENEFITS

Protection

Tax Rebate

Permanent Disability

Loan Eligible

Sum Assured plus bonus on maturity

Sum Assured plus bonus upon death

Claim Checklists

Maturity Benefit

Original Policy Document or a duly issued duplicate document
Copy of Citizenship Identity Card
Revenue stamp
Discharge voucher has to be signed & witnessed

Death Claim

Intimation Letter
Claimant’s Statement duly signed by the nominee along with a witness
Certificate by Employer if the deceased was employed
Proof of Death (Death Certificate, a Letter from Ministry of Home & Cultural Affairs, Police or Gup in case of death outside hospital premises)
Copy of Citizenship Identity Card of both the deceased and the nominee
Original Policy Document
Investigation Report in case of very early death claim
In case of accidental death, police report
Discharge voucher has to be signed & witnessed

Surrender

Surrender Form (available @www.ricb.bt)
CID Copy
Original Policy Document / policy closure form
Revenue stamp
Discharge voucher has to be signed & witnessed

Revival

Ordinary Revival Form (available @www.ricb.bt) only if the policy has lapsed for more than 6 months and less than one year.
Health Declaration Form (available @www.ricb.bt) if the policy has lapsed for more than one year

Claim Forms

Maturity Benefit