Asian Sawadhik Plus
Endowment
About this plan
Asian Sawadhik Plus is an endowment life insurance plan offering simple reversionary and terminal bonuses. Entry age 18–65 years, policy term 5–30 years, minimum sum assured NPR 25,000, and multiple premium payment modes.
What's included
Key highlights
- Simple reversionary and terminal bonuses
- Minimum Sum assured NPR 25,000
- Policy term 5–30 years
- Optional Critical Illness & Accident riders
- Flexible premium payment modes
Features
- Entry age: 18 to 65 years
- Minimum Sum Assured: NPR 25,000
- Bonuses: Simple Reversionary and Terminal Bonus
- Terminal bonus payable for policies inforce at least 10 years
- In case of death of the insured before the expiry date of the insurance policy, the sum assured and the bonus payment as per the rules will be given.
- Rebates for large sum assured (per thousand basis)
Eligibility & term
- Entry age
- 18 – 65 years
- Policy term
- 5 – 30 years
- Sum assured
- From Rs 25,000
- Premium modes
- Yearly, Half-yearly, Quarterly, Monthly
Benefits payout
- Death benefit
- Sum Assured + Simple Reversionary Bonus + Terminal Bonus (if eligible)
- Maturity benefit
- Sum Assured + Bonuses
- Accidental benefit
- Available as optional rider
Optional riders
Accidental death (ADB)PTD / PWBCritical illness (CI)
Accidental Death Benefit (ADB)
Optional rider providing additional benefit on accidental death.
Permanent Total Disability (PTD)
Optional rider paying benefit on permanent total disability due to accident.
Premium Waiver Benefit (PWB)
Optional rider to waive future premiums in case of specified disability.
Asian Critical Care (Critical Illness)
Optional critical illness rider covering specified critical conditions.
Loan & liquidity
- Partial withdrawal
- No
What's not covered
- Death or incident occurring on a flight other than a scheduled air service
- Taking part in war or war-related activity
- Death occurring during a crime or an act against the law
- Suicide within two years of the policy start or revival date (as per the policy rules)
- Claims relating to unsound mind (within the specified limits)
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