15-year Agrim Bhuktani (Savadhik) Plus
Money-back
About this plan
15-year money-back (periodic) life plan with payouts at 5, 10 and 15 years plus reversionary and terminal bonuses.
What's included
Key highlights
- Regular payout at 5,10 and 15 years
- Terminal bonus after minimum 10 years
- 15 years of Fixed policy term
Features
- Death benefit: Sum assured + accrued bonuses if death before maturity
- Bonuses: Simple reversionary and terminal (terminal bonus applicable after minimum 10 years)
- Surrender value available after 3 years
- Loan against surrender value with proof of ownership
Eligibility & term
- Entry age
- 18 – 60 years
- Policy term
- 15 – 15 years
- Sum assured
- From Rs 1,00,000
- Premium modes
- Yearly, Half-yearly, Quarterly, Monthly
Benefits payout
- Death benefit
- Sum Assured + Accrued Bonuses
- Maturity benefit
- Money-back payouts (25% at 5 yrs, 25% at 10 yrs, 50% at 15 yrs) + Accrued Bonuses
- Accidental benefit
- Sum Assured + Accrued Bonuses
Declared bonus
Term-wise Breakdown
FY 2080/81
| Tenure (Years) | Rate (per '000) |
|---|---|
| 0-14 | Rs. 38 |
| 15-19 | Rs. 42 |
| 20-24 | Rs. 44 |
| 25 and above | Rs. 56 |
Reversionary bonus rates declared for the latest fiscal year based on policy term. Rates are revised annually and are not guaranteed for future years.
Optional riders
Accidental death (ADB)PTD / PWBCritical illness (CI)
No optional riders are attached to this plan.
Loan & liquidity
- Policy loan
- Available
- Surrender allowed
- After 3 years
- Paid-up value
- Yes
- Partial withdrawal
- No
What's not covered
- Non-scheduled or non-regular flights (other than regular licensed airline route)
- Participation in war or warlike operations (whether declared or not)
- Breach of civil or criminal law / commission of criminal acts
- Suicide within two years from commencement or revival of the policy
- Other standard exclusions as per policy terms
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