Description

A Participating Endowment Plan with Final Additional Bonus.

Benefits

• A with-profit Endowment Policy with Reversionary Bonus and Final Additional Bonus.
• A death benefit of double the Basic Sum Assured with vested bonus (if any) and Final Additional Bonus (if any) is provided.
• A maturity benefit equals to the Sum Assured with vested bonus (if any) and Final Additional Bonus (if any) on survival till the end of the policy term.
• A reversionary bonus will be declared each year based on the Product’s performance. The bonus, thus vested, will be provided in the event death, maturity or surrender.
• A Final Additional Bonus is provided to the policyholders with a policy term 16 years and above. This will be a one-time bonus which will be paid at the time of exit if the policy has been in-force for at least 16 years.
• This product also offers optional (rider) benefits for Accidental Death and Permanent Disability due to Accident.

Features

1. Face amount/Basic Sum assured: Minimum Basic Sum Assured: NRs. 50,000 (Multiples of 10,000) Maximum Basic Sum Assured: NRs. 1,00,00,000
2. Rider Sum assured: (Accidental Death and Permanent Disability due to Accident) Minimum Basic Sum Assured: NRs. 50,000 (Multiples of 10,000) Maximum Basic Sum Assured: Basic Sum Assured or NRs. 75,00,000 whichever is less
3.  Entry Age: Minimum Age at Entry: 18 Years (Age Last Birthday) Maximum Age at Entry: 55 Years (Age nearest Birthday)
4.  Policy Term: 10 to 35 years
5.  Maximum Maturity Age : 65 Years (Age nearest Birthday)
6.  Mode of Premium Payment: Yearly / Half-yearly / Quarterly / Monthly