Samriddhi Laghu Jeevan Beema Yojana
Endowment
About this plan
A micro endowment life insurance plan targeted at low-income and marginalized groups offering nominal premiums, guaranteed maturity and death benefits features.
What's included
Key highlights
- Minimum sum assured from NPR 10,000
- Policy term 5–20 years
- Maximum maturity age 70 years
- Surrender and loan facility after 3 years (up to 90%)
- Provides tax discounts
Features
- Affordable/nominal premium entry
- Guaranteed maturity and death benefits
- Premium waiver rider available
- Acts as a disciplined savings tool
- Supports children's education and future needs
- Surrender benefit and loan facility available after 3 years
Eligibility & term
- Entry age
- 18 – 60 years
- Policy term
- 5 – 20 years
- Sum assured
- Rs 10,000 – Rs 5,00,000
- Premium modes
- Yearly, Half-yearly, Quarterly
Benefits payout
- Death benefit
- Sum Assured + Guaranteed Addition
- Maturity benefit
- Sum Assured + Guaranteed Addition
Declared bonus
Term-wise Breakdown
FY 2081/82
| Tenure (Years) | Rate (per '000) |
|---|---|
| 5-25 | Rs. |
Reversionary bonus rates declared for the latest fiscal year based on policy term. Rates are revised annually and are not guaranteed for future years.
Bonus & maturity projection
Optional riders
Accidental death (ADB)PTD / PWBCritical illness (CI)
Accidental Death Benefit
Additional benefit payable on death due to accident
Total Permanent Disability
Benefit on total and permanent disability due to accident/illness
Premium Waiver Benefit
Waives future premiums in case of insured's death/disability (as per rider terms)
Loan & liquidity
- Policy loan
- Available
- Surrender allowed
- After 3 years
- Paid-up value
- Yes
- Partial withdrawal
- No
What's not covered
- Suicide within waiting period
- War and related perils
- Undisclosed pre-existing conditions
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Premium
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