Jeevan Ratna (Limited-Pay 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. A limited-pay endowment policy where premiums are paid for a limited period to secure long-term insurance benefits. Sum assured starts from NPR 50,000.
Maturity estimator
Estimated value at maturity
—
Declared bonus
Rate by policy term
Declared FY 2081/82
| Policy term | Rate / 1,000 | Prev. year |
|---|---|---|
| 0-14 | Rs 61 | Rs 45 |
| 15-19 | Rs 62 | Rs 48 |
| 20-24 | Rs 64 | Rs 55 |
| 25+ | Rs 75 | Rs 62 |
Recent years
- FY 2081/82
- Rs 61–75/ 1,000
- FY 2080/81
- Rs 45–62/ 1,000
- FY 2079/80
- Rs 45–65/ 1,000
- FY 2078/79
- Rs 45–60/ 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
- Limited-pay structure for long-term protection
- Surrender value and loan facility after 3 years
- Payment-mode discounts availiable
Features
- Entry age: 18 years-60
- Minimum term: 5 years, Maximum term: 54 years
- Minimum sum assured: NPR 50,000
- Surrender/surrender value available after 3 years' premium payment
- Loan against policy available after 3 years
- Discounts for higher sums assured and for payment modes
- Available riders: Accidental Death Benefit (ADB); ADB+PTD+PWB
Terms and conditions
- 1. Price paid:This policy will receive a cash-up value or surrender value in case of participating in profits and paying premiums for three years.
- 2. Loan facility:Loan facility can be availed on the collateral of the insurance policy in case of payment of insurance fee for three years.
- 3. Main features:Worry free facility by paying insurance premiums in short term for long term insurance
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 the insured passes away during the term
The nominee receives the sum assured plus the bonus built up to that date, and the policy ends.
Typical for endowment plans — confirm the exact terms in the brochure.
If the policy runs to maturity
This plan states: Sum assured plus declared bonuses (participating policy)
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 endowment plans — confirm the exact terms in the brochure.
Optional riders
Accidental Death Benefit
Optional accidental death benefit with additional price.
Permanent Total Disability Benefit
Optional PTD benefit available with ADB.
Premium Waiver Benefit
Optional PWB benefit available with ADB and PTD.
Loan & liquidity
- Policy loan
- Available
Questions about this plan
What kind of plan is Jeevan Ratna (Limited-Pay Endowment)?
Jeevan Ratna (Limited-Pay Endowment) from Asian Life Insurance is an endowment plan that pairs savings with life cover for a single adult, and suits people who want a guaranteed amount on a fixed future date.
Who can buy Jeevan Ratna (Limited-Pay Endowment)?
The entry age for Jeevan Ratna (Limited-Pay Endowment) is 18 – 100 years.
How long does Jeevan Ratna (Limited-Pay Endowment) run?
The policy term for Jeevan Ratna (Limited-Pay Endowment) is 10 – 30 years.
How much cover can I take on Jeevan Ratna (Limited-Pay Endowment)?
The sum assured available on Jeevan Ratna (Limited-Pay Endowment) is From Rs 50,000.
What bonus rate does Jeevan Ratna (Limited-Pay Endowment) earn?
For FY 2081/82, Asian Life Insurance declared Rs 61–75 / 1,000 of sum assured on Jeevan Ratna (Limited-Pay Endowment). Bonus rates are set each year and are not guaranteed.
What is paid when Jeevan Ratna (Limited-Pay Endowment) matures?
Sum assured plus declared bonuses (participating policy)
Which riders can be added to Jeevan Ratna (Limited-Pay Endowment)?
Jeevan Ratna (Limited-Pay Endowment) can be taken with the following optional riders: Accidental death (ADB), PTD / PWB. Each rider carries its own premium.
Premium
Quote on request