It is a participating/ with-profits endowment plan. It provides annual simple reversionary bonuses, which are vested once declared.
This product offers the following benefits:
• At maturity of policy, Basic Sum assured with accrued bonus will be paid to the insured.
• In case of death immediately after policy commencement but before maturity basic sum assured plus accrued bonus will be paid to the beneficiary of the insured.
|Age at entry||18 years to 70 years|
|Maximum age at maturity||75 years|
|Policy Term||5 years to 55 years|
|Sum Assured||Minimum Sum Assured: NRs.25,000|
|Maximum Sum Assured: Based on the source of income|
|Premium payment mode||Monthly, Quarterly, Half-Yearly and Yearly|
|Death Benefits||Sum Assured plus Accrued Bonus|
|Maturity Benefits||Sum Assured plus Accrued Bonus|
|Early Surrender/Loan||A loan/ surrender value is payable after the completion of the 3 full policy year and 3 full annual premiums payments|
Additional Riders available in this products are:
The following additional riders are offered to policyholders with additional premiums under this plan:
- Accidental Death Benefit (ADB) Only.
- Accidental Death Benefit, Accidental Total Permanent Disability, Premium Waiver Benefit (ADB, TPD & PWB).