Dhan Bristi
Description
This is an endowment plan which provides guaranteed addition for the first 5 years and simple reversionary bonus thereafter.
Benefits
•Death Benefit:
On death of the policyholder during the policy term, the Sum Assured under the policy plus the Accrued Reversionary Bonus as on the date of death will be payable to the nominee / beneficiary irrespective of any survival payouts made at earlier durations.
The policy will terminate upon such payment.
•Survival Benefit:
On the survival of the life assured to the end of each of the specified policy years during the policy term, a fixed percentage of the Basic Sum Assured shall be payable. The fixed percentage for various policy terms is as below:
| Policy Term | Policy Year | |||
|---|---|---|---|---|
| 3 years | 6 years | 9 years | 12 years | |
| 10 Years | 33% | 33% | ||
| 15 Years | 15% | 15% | 15% | 15% |
•Maturity Benefit:
On the survival of the policyholder to the end of the policy term, a fixed percentage of the Basic Sum Assured shall be payable plus Accrued Reversionary Bonus shall be payable. The fixed percentage of Basic Sum Assured for various policy terms are given below.
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| Policy Term | % of SA |
|---|---|
| 10 | 34% |
| 15 | 40% |
The policy will terminate on payment of the maturity benefits.
Features
Eligibility Conditions And Restrictions:
Minimum Sum Assured : NRs. l00,000
Maximum Sum Assured : As per the underwriting policy of the Company
Minimum Age at Entry : 13 years (Last Birthday)
Maximum Age at Maturity : 70 years (Last Birthday)
Policy Term : 10/ 15 years
Premium Payment Term : Equal to Policy Term
Mode : Yearly, Half Yearly, Quarterly and Monthly