Saral Endowment Policy
About this plan
An affordable protection-cum-savings plan that provides financial protection and encourages regular savings over the policy term. Suitable as an alternative retirement or future corpus-building plan.
What's included
Key highlights
- Minimum Sum Assured: NPR 25,000
- Entry age: 18–60 years
- Policy term: 7–52 years
- Optional riders available
Features
- Death benefit: Sum Assured plus declared and vested bonus
- Maturity benefit: Sum Assured plus declared and vested bonus
- Optional riders: Accidental Death Benefit, Permanent Total Disability, Premium Waiver Benefit, Critical Illness
- Minimum Sum Assured: NPR 25,000; No upper limit
- Premium rebates per thousand for Sum Assured bands and frequency-based discounts/loadings
Eligibility & term
- Entry age
- 18 – 60 years
- Policy term
- 7 – 52 years
- Sum assured
- From Rs 25,000
- Premium modes
- Single, Yearly, Half-yearly, Quarterly, Monthly
Benefits payout
- Death benefit
- Sum Assured + Bonus Declared and Vested
- Maturity benefit
- Sum Assured + Bonus Declared and Vested
- 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. 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. 38 |
| 20-24 | Rs. 43 |
| 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
Permanent Total Disability (PTD)
Sum Assured or NPR 10,000,000 whichever is lower payable in 120 monthly installments (balance on maturity if remaining term <120 months)
Premium Waiver Benefit (PWB)
Future premiums waived after PTD due to accident
Critical Illness (CI)
Onset of specified critical illnesses, additional amount equal to Sum Assured or NPR 5,000,000 whichever is lower
Loan & liquidity
- Policy loan
- Available
- Surrender allowed
- After 3 years
- Paid-up value
- Yes
- Partial withdrawal
- No
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