First Date of Issuance: 2021-10-17
Barshik Dhana Barsha Jeevan Beema Yojana
Under this plan, the insured will be paid 5% of the Sum Assured on an annual basis which ensures regular cash flow and risk coverage at the same time. This plan will assist you to meet your regular cash flow needs and provides you with protection coverage at the full sum assured.
Survival Benefits:
1. For 15 Years Policy: Remaining Sum Assured + Vested Bonus.
2. For 20 Years Policy: Remaining Sum Assured + Vested Bonus + One-Time Additional Benefit equivalent to 10% of Sum Assured.
Death Benefit:
The full Sum Assured along with the vested bonus shall be paid to the beneficiary without deducting yearly payouts.
Eligibility Criteria:
Minimum Sum Assured NPR 100,000
Maximum Sum Assured No Limit
Minimum Entry Age 18 Years
Maximum Entry Age 55 Years
Maximum Maturity Age 75 Years
Policy Term 15 & 20 Years
Accidental Death Benefits (ADB):
On the death of the insured due to an accident, an additional amount equal to Sum Assured or NPR 1 Crore, whichever is less, is payable to the beneficiary. This benefit is available only to insured attaining the age of 16 years.
Permanent Total Disability (PTD):
On Permanent Total Disability of the insured due to accident, an additional amount equal to Sum Assured or NPR 1 Crore, whichever is less, is payable in monthly installment spread over 120 months. If the remaining term to maturity is less than 120 months, the balance installments are payable in a lump sum on maturity or at death, whichever is earlier. This benefit is available only to insured attaining the age of 16 years.
Premium Waiver Benefits (PWB):
On the Permanent Total Disability of the insured due to the accident, the entire future premiums due subsequent to the date of Total Permanent Disability will be waived.
In case of the life insurance of a minor, on the death of the Proposer during the policy term, the future premium due subsequent to the date of death will be waived till the child attains the age of 16 years.
