Life Insurance
Popular
IME Sabal Jeevan Beema Yojana (Limited Payment Endowment Plan)
लिमिटेड भुक्तानी
Entry Age
18-60
Critical Illness Cover
Up to रु.5,000,000
Premium Modes
Yearly / Half-yearly / Quarterly / Monthly / Single
Coverage
रु. 50,000 रु.
Based on Source of Income
Description
IME Limited Payment Endowment Plan (Sabal) is a limited-premium endowment policy offering flexible premium payment terms. Death and maturity benefits pay Sum Assured plus vested bonuses. Loan facility, tax benefits and optional riders available.
Features
- Minimum Sum Assured NPR 50,000
- Death benefit: Sum Assured + vested bonus
- Maturity benefit: Sum Assured + vested bonus
- Limited premium payment options available
- Loan facility available after policy acquires surrender value
- Optional riders: Accidental Death, Income Benefit, Premium Waiver, Critical Illness, Funeral expenses
Highlights
- Limited premium options (including single premium)
- Death & maturity pay Sum Assured + vested bonus
- Multiple optional riders
Life Insurance Details
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 SumAssured
Eligibility
Age18 - 60 years
Policy Term5 to 20 years