NAULO DHANBARSHA PLAN

Naulo Dhanbarsha is Limited Payment Money-back (Anticipated) Endowment Plan. Company has launched this product after successful launching of previous anticipated endowment plan keeping in mind the customer demands requiring more money-back during the policy terms. During the policy terms there shall be 5 payments thus creating more liquidity option during the policy periods as well as policy loan is available after one year after paying 2 yearly premiums. The risk of death of insured is covered through the period and whereas premium payment are made for limited terms only.

Policy Term

Premium Payment Term

Pre – payment (Money Back)

Bonus Payment

In case of death within Insurance Term

10 yrs

8 yrs

After 2 years
After 4 years
After 6 years
After 8 Years

10% of Sum Assured
20% of Sum Assured
30% of Sum Assured
40% of Sum Assured

After 10 years

Sum Assured with bonus

15 yrs

12 yrs

After 3 years
After 6 years
After 9 years
After 12 Years

10% of Sum Assured
20% of Sum Assured
30% of Sum Assured
40% of Sum Assured

After 15 years

Sum Assured with bonus

20 yrs

16 yrs

After 4 years
After 8 years
After 12 years
After 16 years

10% of Sum Assured
20% of Sum Assured
30% of Sum Assured
40% of Sum Assured

After 20 years

Sum Assured with bonus

25 yrs

20 yrs

After 5 years
After 10 years
After 15 years
After 20 years

10% of Sum Assured
20% of Sum Assured
30% of Sum Assured
40% of Sum Assured

After 25 years

Sum Assured with bonus

Premium Payment: Premium can be paid either monthly, quarterly, half-yearly or yearly mode. If customer wishes to pay all premiums at once, he can choose single premium mode too.
Death Risk: Sum Assured plus acquired bonus shall be payable to nominee or next kin of insured as per Insurance Act without deducting any pre-payment (money back) made earlier if any. In case of single premium payment mode 2.5 of Sum Assured plus acquired bonus shall be payable.
Rider: Combined Accidental Death Benefit (ADB), Permanent Total Disability (PTD) and Premium Waiver Benefit (PWB) riders are available under this plan. If insured dies within the policy terms due to accident, then additional amount equal to Sum Assured not exceeding 5 million shall be paid to nominee or his/her next kin. If Insured becomes permanent total disable as stated in policy bond due to accident then his/her future premium of Sum Assured not exceeding 5 million shall be waived and insured shall get an amount equal to Sum Assured not exceeding5 million shall be paid in 120 monthly equal installments, as well as policy shall remain enforced. 
Entry Age: 16 Yrs to 60 Yrs 
Maximum Age at Exit: 70 Yrs

 

First Policy Issue Date : 2014-08-21

No Of Views :    6651
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