Limited Payment Endowment (Nawa Dhana Laxmi Jeevan Beema)
Money-back
About this plan
A limited premium payment endowment plan with a money-back feature. Policy terms are 10, 15 or 20 years while premiums can be paid as single (within 1 year), or over 3, 7, 12 or 16 years. The plan provides periodic survival benefits and an enhanced sum assured at maturity plus accrued bonuses.
What's included
Key highlights
- Money-back endowment
- Periodic survival payouts
- Enhanced maturity sum assured plus accrued bonus
Features
- Limited premium payment options available
- Money-back survival benefits pay percentages of Sum Assured at intermediate years
- Enhanced Sum Assured at maturity:10yrs,15 yrs, 20 yrs
- Available riders
Eligibility & term
- Entry age
- 18 – 60 years
- Policy term
- 10, 15 or 20 years
- Premium modes
- Yearly, Half-yearly, Quarterly, Monthly, Single
Benefits payout
- Death benefit
- Sum Assured + Accrued Bonus
- Maturity benefit
- Enhanced Sum Assured (10% for 10yr, 15% for 15yr, 20% for 20yr) + Accrued Bonus
Declared bonus
Term-wise Breakdown
FY 2081/82
| Tenure (Years) | Rate (per '000) |
|---|---|
| 0-14 | Rs. 25 |
| 15-19 | Rs. 25 |
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 (ADB)PTD / PWBCritical illness (CI)
Sun Medicare
Emergency medical rider providing fixed payouts for hospitalization
ADB
Accidental Death Benefit
Funeral Expenses
Lump sum benefit to cover funeral costs
Loan & liquidity
- Partial withdrawal
- No
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