Description

This is a with-profit individual life Endowment Plan where premium is payable for a period which is 5 years less than the term of the policy.

Benefits

Special Benefit :

Risk coverage of five more years after the end of premium paying term with continuation of rider. Plus, bonus of that period is also given.
Maturity Benefit :
On survival of the life assured till the completion of policy term, Sum Assured and Bonus accrued will be paid to the life assured. The policy will terminate after payment of maturity claim.

Death Benefit :
On the death of the life assured during the policy term, Sum Assured and Bonus accrued till the death of the life assured will be paid to the nominee or the legal heir. In addition, sum of 25% of Sum Assured or Rs. 100,000, whichever is lower shall be paid as Funeral Expense. The policy will terminate after payment of death claim.

This product also offers Optional (Rider) Benefits for:
• (a) Accidental Death
• (b) Total Permanent Disability due to Accident

Features

Minimum Sum Assured: NRs. 50,000
Maximum Sum Assured : As per the underwriting policy of the Company
Minimum Age at Entry : 18 years (Last Birthday)
Maximum Age at Entry: 60 years (Last Birthday)
Maximum Age at Maturity : 75 years (Last Birthday)
Policy Term : 10/ 15 /20 /25 years
Premium Payment Term : (Policy Term-5)years
Mode : Yearly, Half Yearly, Quarterly and Monthl