Limited Endowment Policy
About this plan
A limited premium-paying endowment life plan with flexible premium payment terms and option to increase risk coverage every 5 years. Death benefit pays Sum Assured plus declared & vested bonuses; maturity pays Basic Sum Assured plus bonuses.
What's included
Key highlights
- Minimum Sum Assured: NPR 50,000
- Policy term: 10–25 years
- Optional riders available
- As per company rule loan/surrender value and paid up value availiable
Features
- Flexible premium payment terms
- Option to increase risk coverage every 5 years
- Death benefit multipliers ranging from 100% to 225% of Basic Sum Assured depending on policy year
- Maturity benefit: Basic Sum Assured plus declared & vested bonuses
- Optional riders available
Eligibility & term
- Entry age
- 18 – 65 years
- Policy term
- 10 – 25 years
- Sum assured
- From Rs 50,000
- Premium modes
- Yearly, Half-yearly, Quarterly
Benefits payout
- Death benefit
- 100% of Basic SA during policy years 1-5; 125% during years 6-10; 150% during years 11-15; 200% during years 16-20; 225% during years 21-25, plus declared & vested bonus
- Maturity benefit
- Basic Sum Assured + declared & vested bonuses
- 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) |
|---|---|
| 10-14 | Rs. 40 |
| 15-19 | Rs. 42 |
| 20-24 | Rs. 52 |
| 25 and above | Rs. 65 |
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 amount equal to Sum Assured or NPR 10,000,000 whichever is lower payable on accidental death.
Permanent Total Disability (PTD)
Sum Assured or NPR 10,000,000 whichever is lower payable in 120 monthly installments; balance payable as lump sum if remaining term less than 120 months. Future premiums waived if disabled due to accident (when PWB applies).
Premium Waiver Benefit (PWB)
Waives future premiums after PTD due to accident.
Critical Illness (CI)
On diagnosis of covered critical illness, additional amount equal to Sum Assured or NPR 5,000,000 whichever is lower.
Loan & liquidity
- Paid-up value
- Yes
- Partial withdrawal
- No
What's not covered
- Suicide (within policy specified waiting period)
- War, invasion, hostilities, civil commotion, nuclear risks
- Pre-existing conditions not disclosed/subject to waiting period
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