This plan is ideal for people who desires to have periodic payouts to meet the financial obligations at key stages in life. Under this plan, certain percentage of the sum assured is returned to the insured periodically as survival benefit while maintaining the risk coverage of the full sum assured during the term of the policy.
Eligibility Criteria
- Minimum Sum Assured: 50,000/-
- Maximum Sum Assured: No Limit
- Minimum Entry Age (Nearest Birthday): 18 years
- Maximum Entry Age (Nearest Birthday): 50 years
- Maximum Maturity Age: 62, 65 & 70 years according to policy term
- Minimum Policy Term: 12, 15 & 20 years
- Maximum Policy Term: 12, 15 & 20 years
Benefits/Special Features
- Death Benefit: Sum Assured plus Bonus Declared and Vested.
- Survival Benefit: Fixed % of SA
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-
Premium Paying Term
Benefit as a percentage of Sum Assured on Survival to (years from Doc)
4
5
8
10
12
15
20
12 year
25%
-
25%
-
50% + vested bonus
15 year
-
25%
-
25%
50% + vested bonus
20 year
-
20%
-
20%
20%
40% + vested bonus
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Rider Benefits (Optional)
- Accidental Death Benefit (ADB): Additional amount equal to sum assured or 1,00,00,000/-, whichever is lower.
- Permanent Total Disability (PTD): 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.
- Critical Illness (CI): On onset of any of the CI provided by the company, Additional amount equal to sum assured or 50,00,000/-, whichever is lower.
Premium Payment Mode/Structure
- Mode: Yearly/Half-Yearly/Quarterly
| Sum Assured Band | Premium Rebate (per thousand) |
| 100,001 to 200,000 | NRs 1 |
| NRs 2 |
Discounts/Rebate
- Discount on Sum Assured
| Frequency of Payment | Premium Adjustment |
| Yearly | Less 2% |
| Half yearly | Less 1% |
| Quarterly | Nil |
| Monthly | Add 5% |
