Jeevan Sanjeevani (Advance Payment Endowment & Whole Life)
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. You also receive part of the cover amount at set points during the term, not only at the end. Endowment and whole-life plan with advance/payment instalment (money-back) options and additional whole-life payments; provides maturity and death benefits plus optional accidental and waiver 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
- Money-back instalments available
- Sum assured + bonuses on maturity and death
- Payment-mode and high sum-assured discounts
- Optional: accidental, disability and premium-waiver riders
Features
- Minimum entry age: 18 years
- Maximum maturity age: 70 years
- Policy terms: 5, 10, 15, 20 or 25 years
- Provides periodic survival payouts (money-back) and maturity bonus
- Death benefit: Sum assured plus accrued bonuses paid lump-sum
- Optional riders: ADB, ADB+PTD, ADB+PTD+PWB
Terms and conditions
- 1. If the insured dies before the expiry date of the policy while the policy is in force, the sum insured and the bonus amount earned by the policy will be paid in one lump sum.
- 2.If the insured dies at any time before the completion of 99 years after the insurance expiry date, the sum assured will be paid in addition;
- 3.If the insured is alive till the age of 99 years, the sum insured will be paid more to the insured, if the insured dies after the additional insurance has been paid, no amount will be paid. But in order to receive such additional payment, all insurance premiums under the insurance policy must be paid.
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
This plan states: Sum Assured + accrued bonuses (lump-sum if death before maturity)
Along the way, while the policy is in force
A set share of the sum assured is paid at fixed points during the term. The schedule on this page shows when each instalment falls due.
Typical for money-back plans — confirm the exact terms in the brochure.
If the policy runs to maturity
This plan states: Periodic instalments as per term schedule + accrued bonuses paid at maturity
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 money-back plans — confirm the exact terms in the brochure.
Optional riders
Accidental Death Benefit
Optional accidental death benefit.
Permanent Total Disability Benefit
Optional permanent disability benefit.
Premium Waiver Benefit
Optional premium waiver benefit.
Loan & liquidity
- Policy loan
- Available
Questions about this plan
What kind of plan is Jeevan Sanjeevani (Advance Payment Endowment & Whole Life)?
Jeevan Sanjeevani (Advance Payment Endowment & Whole Life) from Asian Life Insurance is a money-back plan that releases part of the sum assured at set points during the term instead of only at the end.
Who can buy Jeevan Sanjeevani (Advance Payment Endowment & Whole Life)?
The entry age for Jeevan Sanjeevani (Advance Payment Endowment & Whole Life) is 18 – 65 years.
How long does Jeevan Sanjeevani (Advance Payment Endowment & Whole Life) run?
The policy term for Jeevan Sanjeevani (Advance Payment Endowment & Whole Life) is 5 – 25 years.
How much cover can I take on Jeevan Sanjeevani (Advance Payment Endowment & Whole Life)?
The sum assured available on Jeevan Sanjeevani (Advance Payment Endowment & Whole Life) is From Rs 50,000.
What bonus rate does Jeevan Sanjeevani (Advance Payment Endowment & Whole Life) earn?
For FY 2081/82, Asian Life Insurance declared Rs 44–55 / 1,000 of sum assured on Jeevan Sanjeevani (Advance Payment Endowment & Whole Life). Bonus rates are set each year and are not guaranteed.
What is paid if the insured passes away during the term?
Sum Assured + accrued bonuses (lump-sum if death before maturity)
What is paid when Jeevan Sanjeevani (Advance Payment Endowment & Whole Life) matures?
Periodic instalments as per term schedule + accrued bonuses paid at maturity
Which riders can be added to Jeevan Sanjeevani (Advance Payment Endowment & Whole Life)?
Jeevan Sanjeevani (Advance Payment Endowment & Whole Life) can be taken with the following optional riders: Accidental death (ADB), PTD / PWB. Each rider carries its own premium.
Premium
Quote on request