Money Back + Whole Life
minimum sum assured
रु.50,000
Premium mode
Yearly / Half-yearly / Quarterly /Single premium
Entry age
18 – 60 (term-dependent)
Coverage
रु. 50,000 रु.
Based on Source of Income
Description
A combined money-back and whole life insurance plan that provides periodic survival (money-back) benefits during the policy term and whole-life coverage. Death benefit pays full sum assured plus vested bonus; survival benefits are paid as predefined percentages of sum assured.
Features
- Minimum sum assured NPR 50,000
- Money-back survival benefits at predefined intervals (terms: 10/12/15/20/25 years)
- Whole-life coverage
- Death benefit: Full Sum Assured + vested bonus
- Post-maturity death pays full Sum Assured without deducting survival benefits already paid
- Optional riders: Accidental Death, Income Benefit, Premium Waiver, Critical Illness, etc.
- Tax benefits
Highlights
- Money-back + whole-life combined plan
- Premium paying terms: Single and multiple-term options
- Whole-life benefits (maturity up to age 100)
Life Insurance Details
Money Back Policy
Available Riders
Accidental Death Benefit-For additional premium, on the event of death of the life assured during the rider policy term due to accident before age 70 years, an additional sum equal to the Rider Sum Assured of this rider will be paid.
Income Benefit (IB)-In the event of permanent total disability of life assured due to any cause (sickness or accident) during policy term, a regular Monthly Income Benefit of 1.0% or 1.5% or 2.0% or 3.0% of Rider Sum Assured (as mentioned in policy schedule of policy taken), OR, Quarterly Income Benefit (QIB) 3.0% or 4.5% or 6.0% or 9.0% of Rider Sum Assured
Lump-Sum Disability Benefit-In the event of permanent total disability of life assured due to any cause (sickness or accident) during policy term, a lump-sum amount equal to Rider Sum Assured will be payable.
Premium Waiver Benefit (PWB)-On the event of permanent total disability of the life assured due to any cause (accident or sickness) during the policy term to which the rider is attached, all future premiums payable under the base policy equal to Sum Assured of this rider shall be waived.
Funeral Expenses Rider-On the event of death of life assured during the policy term to which the rider is attached, lump sum amount equal to 25% of Sum assured or 200,000 whichever is less will be paid immediately.
Critical Illness Rider (21 illnesses)-Upon, life assured, being diagnosed with onset of any of the listed 21 Critical Illness during the term of policy, a lump sum amount equivalent to the Sum Assured of the rider will be paid. Sum Assured of CI rider is maximum Rs. 5,000,000/- or Basic Sum assured
Eligibility
Age18 - 60 years
Policy Term10, 12, 15, 20, 25 years (with whole-life coverage)