Dampati Suraksha Plus (Joint Endowment)
In simple terms: you pay a fixed amount each year, and at the end of the term you get your cover amount back together with the bonus the insurer adds along the way. One policy covers both partners, instead of buying two separate ones. Dampati Suraksha Plus is a joint endowment life insurance plan for couples. Participating (with profits) endowment offering death and maturity benefits with optional accidental and disability riders.
Maturity estimator
Estimated value at maturity
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Declared bonus
Rate by policy term
Declared FY 2081/82
| Policy term | Rate / 1,000 | Prev. year |
|---|---|---|
| 0-14 | Rs 44 | Rs 44 |
| 15-19 | Rs 44 | Rs 44 |
| 20-24 | Rs 46 | Rs 46 |
| 25+ | Rs 55 | Rs 55 |
Recent years
- FY 2081/82
- Rs 44–55/ 1,000
- FY 2080/81
- Rs 44–55/ 1,000
- FY 2079/80
- Rs 42–50/ 1,000
- FY 2078/79
- Rs 42–50/ 1,000
- FY 2077/78
- Rs 40–60/ 1,000
Source: Asian Life Insurance declaration for FY 2081/82
Bonus rates are declared annually and are not guaranteed. Past rates do not guarantee future rates.
What's included
Key highlights
- Joint policy for couples
- Participating plan
- Min Sum assured NPR 50,000
- Death benefit up to 250% of Sum assured
- Optional accidental & disability riders
Features
- Joint endowment for couples
- Participating (with profit) plan
- Entry age 18–65 years
- Maximum maturity age 70 years
- Minimum sum assured NPR 50,000
- Premium payment term 5–30 years
- Death benefit multipliers depending on policy duration (100%–250%)
Terms and conditions
- 14. Age calculation: The insurance fee will be calculated based on the maximum age of husband and wife.
- Under this insurance plan, payment will be given as follows in the following situations:
- 1. If one of the two insured dies within the insurance period, the sum insured of the following and accrued bonus.
- a) In case of death within 5 years from the date of commencement of insurance, 100% of sum assured,
- b) In case of death within 10 years from the date of inception of insurance, 150% of the sum assured,
- c) In case of death within 15 years from the date of commencement of insurance (11 years) 200% of sum assured,
- d) In case of death within 30 years from the date of commencement of insurance from the age of 16 (from the age of 16), 250 percent of the Sum Assured,
- 2. If another insured also dies within the insurance period, additional sum assured as mentioned in 1 (a, b, c and d) above.
- 3. If only one of the two insured is alive till the date of expiry of the insurance period, then the entire sum assured will be added.
- 4. Full Sum Assured and accrued bonus if both the insured are alive till the end of the insurance period.
What happens in each case
Each plan pays out differently depending on what happens during the term. These are the situations that matter for this kind of plan.
If either partner passes away during the term
The nominee receives the sum assured plus the bonus built up to that date on the first death. Whether cover continues for the surviving partner depends on the plan's terms.
Typical for couple plans — confirm the exact terms in the brochure.
If the policy runs to maturity
This plan states: Sum Assured + accrued bonus
If death is caused by an accident
With the accidental death rider, an additional amount is paid on top of the sum assured. The rider is optional and carries its own premium.
Typical for couple plans — confirm the exact terms in the brochure.
Optional riders
Accidental Death Benefit
Optional accidental death benefit.
Permanent Total Disability Benefit
Optional PTD benefit when selected with ADB.
Premium Waiver Benefit
Optional PWB benefit when selected with ADB and PTD.
What's not covered
- Death on an unauthorised flight (outside a scheduled route)
- Taking part in war or war-like operations
- Death occurring while breaking the law
- Death from a mental disorder within two years of the policy start or renewal date (subject to the stated terms)
Questions about this plan
What kind of plan is Dampati Suraksha Plus (Joint Endowment)?
Dampati Suraksha Plus (Joint Endowment) from Asian Life Insurance is a couple plan that covers both spouses under one policy, usually for less than two separate policies would cost.
Who can buy Dampati Suraksha Plus (Joint Endowment)?
The entry age for Dampati Suraksha Plus (Joint Endowment) is 18 – 50 years.
How long does Dampati Suraksha Plus (Joint Endowment) run?
The policy term for Dampati Suraksha Plus (Joint Endowment) is 15 – 30 years.
How much cover can I take on Dampati Suraksha Plus (Joint Endowment)?
The sum assured available on Dampati Suraksha Plus (Joint Endowment) is From Rs 50,000.
What bonus rate does Dampati Suraksha Plus (Joint Endowment) earn?
For FY 2081/82, Asian Life Insurance declared Rs 44–55 / 1,000 of sum assured on Dampati Suraksha Plus (Joint Endowment). Bonus rates are set each year and are not guaranteed.
What is paid when Dampati Suraksha Plus (Joint Endowment) matures?
Sum Assured + accrued bonus
Which riders can be added to Dampati Suraksha Plus (Joint Endowment)?
Dampati Suraksha Plus (Joint Endowment) can be taken with the following optional riders: Accidental death (ADB), PTD / PWB. Each rider carries its own premium.
Premium
Quote on request