Limited Paying Endowment-cum-Whole Life Policy
About this plan
A limited-paying endowment cum whole life policy that combines endowment benefits with lifelong insurance coverage. Offers flexible payment options (single and limited payment terms).
What's included
Key highlights
- Minimum Sum Assured NPR 50,000
- Policy term 5–30 years
- Optional riders available
- Single and limited premium payment structures available
Features
- Combined endowment and whole-life benefits
- Flexible premium payment options: single and limited paying terms
- Death benefit during endowment term: Sum Assured + declared & vested bonus
- Post-endowment death benefit: Sum Assured (survival benefits already paid not deducted)
- Survival benefit at end of endowment term: Sum Assured + bonus and becomes fully paid-up whole life assurance
- Optional riders available
Eligibility & term
- Entry age
- 18 – 65 years
- Policy term
- 5 – 30 years
- Sum assured
- From Rs 50,000
- Premium modes
- Single, Yearly, Half-yearly, Quarterly, Monthly
Benefits payout
- Death benefit
- During endowment term: Sum Assured + declared & vested bonus; Post endowment term: Sum Assured (survival benefits already paid not deducted)
- Maturity benefit
- At end of endowment term: Sum Assured + declared & vested bonus and policy becomes fully paid-up whole life
- Accidental benefit
- Additional amount equal to Sum Assured or NRs.10,000,000 whichever is lower (ADB up to age 70)
Declared bonus
Term-wise Breakdown
FY 2080/81
| Tenure (Years) | Rate (per '000) |
|---|---|
| 0-9 | Rs. 35 |
| 10-14 | Rs. 35 |
| 15-19 | Rs. 40 |
| 20-24 | Rs. 45 |
| 25 and above | Rs. 70 |
| 0-9 | Rs. 35 |
| 10-14 | Rs. 35 |
| 15-19 | Rs. 40 |
| 20-24 | Rs. 45 |
| 25 and above | Rs. 70 |
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 sum equal to Sum Assured or NRs.10,000,000 whichever is lower (available up to age 70).
Permanent Total Disability (PTD)
Sum Assured or NRs.10,000,000 whichever is lower payable in 120 monthly installments; premium waiver and other conditions apply (available up to age 70).
Premium Waiver Benefit (PWB)
Waives future premiums on occurrence of covered permanent total disability due to accident.
Loan & liquidity
- Paid-up value
- Yes
What's not covered
- Suicide within policy-specific waiting period (as per company rule)
- War, invasion, civil commotion, nuclear risks
- Losses due to participation in criminal acts
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