Child Endowment
Entry age
० years
Minimum Sum Assured
रु. 50,000
Waiting period before risk commences
2 years/based on age
Coverage
रु. 50,000 रु.
Based on Source of Income
Claim Settlement Rate (Asian Life Insurance)
0.01%
Source: 2081/82
Description
Child-focused regular premium endowment. Minimum sum assured NPR 50,000. Entry age from birth (0) to 17 years (insured); proposer maximum age 65.. Risk commencement waiting periods vary by age.
Features
- Minimum entry age 0 years (after birth)
- Entry age up to 17 years (insured); proposer max age 65
- Minimum sum assured NPR 50,000
- Risk commencement waiting periods depend on age
- Death benefits vary by timing: return of premiums before risk commencement; after risk commencement pay 25% SA or premiums paid (whichever greater) plus accrued bonus
- On proposer death: future premiums waived and monthly income benefit until child attains 18
Highlights
- Minimum Sum assured NPR 50,000
- Entry age 0–17 years (insured)
- Premiums: yearly / half-yearly / quarterly
Life Insurance Details
Eligibility
AgeMax 17 years
Policy Term5–25 years