This plan suits individuals aiming for both endowment and lifelong insurance benefits while having specific financial targets like retirement or education. It assures a balance between cash value accumulation and guaranteed lifelong coverage through flexible payments.
Eligibility Criteria
- Minimum Sum Assured: 50,000/-
- Maximum Sum Assured: No Limit/-
- Minimum Entry Age (Nearest Birthday): 18 years
- Maximum Entry Age (Nearest Birthday): 65 years
- Maximum Maturity Age: 70 years
- Minimum Policy Term: 5 years
- Maximum Policy Term: 30 years
Benefits/Special Features
- Death Benefit:
- On death of the life assured during the Endowment term of the policy, Sum Assured plus Bonus Declared and Vested.
- On death of the life assured post the Endowment term of the policy, Sum Assured without deducting the survival benefit already paid
- Survival Benefit:
- On survival to end of Endowment Term: Sum Assured plus Bonus Declared and Vested is provided and a fully paid-up whole life assurance
- On survival to age 100: Fully Paid-up part of the policy. (Life assure age of 100 years)
Rider Benefits (Optional)
- Accidental Death Benefit (ADB) (up to age 70): Additional amount equal to sum assured or 1,00,00,000/-, whichever is lower.
- Permanent Total Disability (PTD) (up to age 70): Sum assured or 1,00,00,000/-, whichever is lower payable in 120 monthly installments; Should the remaining term to maturity be less than 120 months, the balance installment will be paid in lump sum on maturity or at death, if earlier.
- Premium Waiver Benefit (PWB): All the future premiums after the date of PTD due to accident will be waived.
Premium Payment Mode/Structure
- Mode: Single/Yearly/Half-Yearly/Quarterly
- Structure
| Endowment Term (Years) | Premium Paying Term (Years) |
| 5 | Single |
| 10 | Single, 5 |
| 15 | Single, 5, 10 |
| 20 | Single, 5, 10, 15 |
| 25 | Single, 5, 10, 15, 20 |
| 30 | Single, 5, 10, 15, 20,25 |
Discounts/Rebate
- Discount on Sum Assured
| Sum Assured Band | Premium Rebate (per thousand) |
| 200,001 to 500,000 | NRs 1 |
| 500,001 onwards | NRs 2 |
- Discount on Payment
| Frequency of Payment | Premium Adjustment |
| Yearly | Less 2% |
| Half yearly | Less 1% |
| Quarterly & SSS | Nil |
| Monthly | Add 5% |
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