Group Endowment Assurance Policy
About this plan
Group Endowment Assurance policy for affinity or employer groups. Provides Sum Assured plus declared and vested bonus on death and on maturity. Optional riders are available.
What's included
Key highlights
- Min Sum Assured: NPR 100,000
- Minimum group size: 10
- Maximum maturity age: 65 years
- Riders: ADB, PTD, PWB
Features
- Death benefit: Sum Assured + declared & vested bonus
- Maturity benefit: Sum Assured + declared & vested bonus
- Optional riders
- Group-size and sum-assured rebates available
Eligibility & term
- Entry age
- 18 – 60 years
- Policy term
- 5 – 42 years
- Sum assured
- From Rs 1,00,000
- Premium modes
- Yearly, Half-yearly, Quarterly
Benefits payout
- Death benefit
- Sum Assured + declared and vested bonus
- Maturity benefit
- Sum Assured + declared and vested bonus
- Accidental benefit
- Additional amount equal to Sum Assured or NPR 10,000,000 whichever is lower
Declared bonus
Term-wise Breakdown
FY 2080/81
| Tenure (Years) | Rate (per '000) |
|---|---|
| 0-9 | Rs. 20 |
| 10-14 | Rs. 20 |
| 15-19 | Rs. 20 |
| 20-24 | Rs. 20 |
| 25 and above | Rs. 20 |
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 Benefit (ADB)
Additional benefit equal to Sum Assured or NPR 10,000,000 whichever is lower.
Permanent Total Disability (PTD)
Sum Assured or NPR 10,000,000 whichever is lower payable in 120 monthly instalments; if remaining term <120 months, balance paid in lump sum on maturity or earlier death.
Premium Waiver Benefit (PWB)
Waiver of future premiums after PTD due to accident.
Still have a question?
Send it to an advisor and read the reply in your dashboard.
Other plans from Sanima Reliance Life Insurance
Premium
Quote on request