The company has introduced this plan to meet the financial needs of life assured during the term of policy wherein certain
percentages of sum assured are paid to life assured at certain fixed intervals.
|Term||Time interval and percentage of sum assured to be paid|
|4th year||5th year||8th year||10th year||12nd year||15th year||20th year|
|12 years||25% of sum assured||–||25% of sum assured||–||50% of sum assured along with vested bonus||–||–|
|15 years||–||25% of sum assured||–||25% of sum assured||–||50% of sum assured along with vested bonus||–|
|20 years||–||20% of sum assured||–||20% of sum assured||–||20% of sum assured||40% of sum assured along with vested bonus|
The salient features of the plan are as follows:
Accidental Death Benefit (ADB):
In case of death of life assured due to accident during premium term, the company shall pay additional sum assured (Maximum sum assured for the rider is NRs. 1,00,00,000/- or basic sum assured whichever is lower) to the nominee of life assured.
Permanent Total Disability (PTD) and Premium Waiver Benefit (PWB):
In case of permanent total disability of insured due to accident during premium term, remaining premium will be waived and disability benefit will be paid up to 10 years. Maximum sum assured for both of these riders is NRs. 1,00,00,000/- or basic sum assured whichever is lower. ADB rider is compulsory to avail PTD+PWB rider.
Critical Illness Coverage (CI) :
11 critical illness covered by CI are :
Discounts on sum assured:
|Sum assured||Discount per thousands|
|Rs100000 – Rs 199999||Re.1|
|Below Rs 100000||No discount|
Discounts on payment mode:
Critical illness coverage is an optional rider which covers 11 critical illness throughout the premium paying term upon payment of nominal additional premium. Upon diagnosis of the critical illness, up to 50 lakh (Basic sum assured or 50 lakh, whichever is lower) will be paid to the insured after survival period of 30 days. There […]
The plan is a non-participating term assurance plan. It provides pre-decided sum assured to the beneficiary on death of the life assured during the policy period. To cover high risk in low premium is the specialty of this product. Salient Features: Minimum Age at Entry: 16 years (Nearer Birthday) Maximum Age at Entry: 65 Years […]