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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.

  SALIENT FEATURES:

  1. Name of the product : Naulo Dhanabarsha Plan
  2. Age at Entry : 16 years to 60 years
  3. Maximum Maturity Age : 70 years
  4. Terms of Policy : 10 years to 25 years
  5. Minimum Sum Assured: NRs. 50,000
  6. Maximum Sum Assured: Depending Upon Source of Income
  7. Premium Payment Mode: Single, Yearly, Half-Yearly, Quarterly and Monthly
  8. ADB/PWB/TPD: Accident only - Available for Age at entry 16 years and above]. Available for full policy term, equal to sum assured but not more than 10,000,000 by payment of additional premium during premium paying term subject to maximum age of 70 years.
  9. Policy loan shall be available after the policy acquires paid-up/surrender value. Policy Loan shall be maximum of 90% of the surrender value.

Basic Benefits:

  • Money back at regular intervals.
  • After completion of the premium payment, risk will cover till full policy term .
  • On maturity, bonus declared will be paid.
  • In case of the death of the life insured before maturity, death benefit equal to 2.5 times of basic Sum Assured in case of single payment mode, basic sum assured only in case of other payment mode plus bonuses declared and vested in the policy as on the date of death; without deduction of survival benefits already paid as per below

 

 

Money-back, Payment Schedule & Death Benefit under Naulo Dhanabarsha Plan;

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

In case of single premium mode - 2.5 times of sum assured with bonus of basic assured,
Other payment option- Basic 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

In case of single premium mode - 2.5 times of sum assured with bonus of basic assured,
Other payment option- Basic 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

In case of single premium mode - 2.5 times of sum assured with bonus of basic assured,
Other payment option- Basic 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

In case of single premium mode - 2.5 times of sum assured with bonus of basic assured,
Other payment option- Basic sum assured with bonus

 

 

 

 

Optional Benefits (Rider Benefits):

With payment of additional premium, following additional benefits can be taken:

 

  1. Accidental Death Benefit (ADB) Only:

This is a rider benefit which offers protection on occurrence of death of the policyholder due to accident.  It can be taken with payment of additional nominal premium. In case of death due to accident, additional benefit equal to basic sum assured or maximum Rs. 1,00,00,000 whichever is less is payable to the beneficiary of assured.

 

2. Accidental Death Benefit, Accidental Total Permanent Disability, Premium Waiver Benefit – ADB, TPD & PWB:

This is a rider benefit which offers protection on occurrence of death or disability of the policyholder due to accident. This rider is to be offered as a package along with premium waiver rider.  It can be taken with payment of an additional nominal premium per thousand. Total coverage amount under this benefits will be equal to basic sum assured or Maximum Rs. 1,00,00,000/- whichever is less. In case of permanent and total disability of the policyholder during the policy term caused by an accident the Rider Sum Assured will be paid to the policyholder in 120 equal monthly instalments and all future payable premium will be waived.

 

3. Critical Illness Benefit:

This is a Rider benefit. If the  life assured is diagnosed with specific illness defined under this rider during the policy term, lump sum amount equal to basic sum assured or maximum up to Rs. 50,00,000 will be paid to the insured. Undermentioned criteria  should be followed to have  Critical Illness ;

Entry age:  Minimum 18, Maximum : 65,  Policy maturity age: 70, Coverage: Minimum Rs.50, 000 ,Maximum : Rs. 50,00,000 , Policy Term : Minimum 5 Years to Maximum 20 years .