Sanima Reliance Life has introduced Dhanapati (Money Back Endowment) Life Assurance Plan to meet the financial needs of the life assured during the term of policy wherein certain
percentages of the sum assured are paid to the life assured at certain fixed intervals.
| Term | Time interval and percentage of sum assured to be paid | ||||||
|---|---|---|---|---|---|---|---|
| 4th year | 5th year | 8th year | 10th year | 12nd year | 15th year | 20th year | |
| 12 years | 25% of sum assured | – | 25% of sum assured | – | 50% of sum assured along with vested bonus | – | – |
| 15 years | – | 25% of sum assured | – | 25% of sum assured | – | 50% of sum assured along with vested bonus | – |
| 20 years | – | 20% of sum assured | – | 20% of sum assured | – | 20% of sum assured | 40% of sum assured along with vested bonus |
The salient features of the plan are as follows:
Accidental Death Benefit (ADB):
In case of death of life assured due to an accident during the premium term, the company shall pay the additional sum assured (Maximum sum assured for the rider is NRs. 1,00,00,000/- or basic sum assured whichever is lower) to the nominee of life assured.
Permanent Total Disability (PTD) and Premium Waiver Benefit (PWB):
In case of permanent total disability of the insured due to an accident during the premium term, the remaining premium will be waived and disability benefit will be paid up to 10 years. The maximum sum assured for both of these riders is NRs. 1,00,00,000/- or basic sum assured whichever is lower. ADB rider is compulsory to avail PTD+PWB rider.
Critical Illness Coverage (CI) :
11 critical illnesses covered by CI are :
Discounts
Discounts on the sum assured:
| Sum assured | Discount per thousands |
|---|---|
| Above 200000 | Rs.2 |
| Rs100000 – Rs 199999 | Re.1 |
| Below Rs 100000 | No discount |
Discounts on payment mode:
| Mode | Discount % |
|---|---|
| Yearly | 2% |
| Half-Yearly | 1% |
| Quarterly | No discount |
