15-Years Money Back Cum Whole Life Assurance (Saarthak Ajeewan Jeevan Beema)
About this plan
A money-back cum whole life plan where premiums are paid for a fixed period but cover continues until death or attainment of age 100. On survival to term end, full sum assured plus declared & vested bonuses are payable. Additional sum assured is payable at age 100 or to nominee on death after policy term but before age 100.
What's included
Key highlights
- Money-back at years 5, 10, 15
- Whole-life cover up to age 100
- Full sum assured plus declared & vested bonuses
Features
- Premium paying term: 15 years
- Money-back payouts
- Whole-life cover up to age 100 (if not paid earlier)
- Death benefit during premium paying term: Full Sum Assured + vested bonuses
- Optional riders
Eligibility & term
- Entry age
- 18 – 55 years
- Policy term
- 15 – 15 years
- Sum assured
- From Rs 50,000
- Premium modes
- Monthly, Quarterly, Half-yearly, Yearly
Benefits payout
- Death benefit
- During premium paying term: Full Sum Assured + Vested Bonus; After premium paying term: Full Sum Assured
Declared bonus
Term-wise Breakdown
FY 2081/82
| Tenure (Years) | Rate (per '000) |
|---|---|
| 15 | Rs. 40 |
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
Sun Medicare
Emergency medical rider with fixed payouts for hospitalization days
ADB
Accidental death benefit rider
PTD/PWB
Permanent Total Disability / Premium waiver benefit
Critical Illness
Lump-sum on diagnosis of listed critical illnesses
Funeral Expenses
Payout to cover funeral expenses on death
Loan & liquidity
- Policy loan
- Available
- Paid-up value
- Yes
- Partial withdrawal
- No
What's not covered
- Suicide within policy-specified exclusion period
- War, civil commotion and related exclusions
- Pre-existing conditions not disclosed at proposal
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