Triple Endowment Assurance Policy
About this plan
Endowment plan targeted at individuals with higher risk exposure and comparatively lower income. Natural death pays double sum assured; accidental death pays triple sum assured.
What's included
Key highlights
- 2× Sum Assured on natural death
- 3× Sum Assured on accidental death
- Min Sum Assured: NPR 25,000
- Riders: ADB, PTD, PWB, CI
Features
- Double sum assured on natural death
- Triple sum assured on accidental death
- Maturity benefit: 1× Sum Assured + declared & vested bonus
- Riders available
- Discounts/rebates available by sum-assured band and payment frequency
Eligibility & term
- Entry age
- 18 – 60 years
- Policy term
- 10 – 52 years
- Sum assured
- Rs 25,000 – Rs 10,00,000
- Premium modes
- Yearly, Half-yearly, Quarterly, Monthly
Benefits payout
- Death benefit
- 2× Sum Assured + Bonus (natural death)
- Maturity benefit
- 1× Sum Assured + Bonus
- Accidental benefit
- 3× Sum Assured (accidental death)
Declared bonus
Term-wise Breakdown
FY 2080/81
| Tenure (Years) | Rate (per '000) |
|---|---|
| 10-14 | Rs. 20 |
| 15-19 | Rs. 20 |
| 20-24 | Rs. 25 |
| 25 and above | Rs. 30 |
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 payable in 120 monthly installments; if remaining term <120 months, balance payable as lump sum at maturity or earlier death.
Premium Waiver Benefit (PWB)
Future premiums waived after date of PTD due to accident.
Critical Illness (CI)
On onset of covered critical illness, additional amount equal to Sum Assured or NPR 5,000,000 whichever is lower.
Loan & liquidity
- Policy loan
- Available
- Paid-up value
- Yes
- Partial withdrawal
- No
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