IME Simple Endowment Plan (IME Saral Sawadhik Bima Yojana)
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 traditional endowment (protection + savings) plan providing Sum Assured plus vested bonus on maturity or on death during the policy term.
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 |
|---|---|---|
| 0-9 | Rs 32 | Rs 32 |
| 10-14 | Rs 32 | Rs 32 |
| 15-19 | Rs 40 | Rs 40 |
| 20-24 | Rs 52 | Rs 52 |
| 25-29 | Rs 67 | Rs 67 |
| 30+ | Rs 70 | Rs 70 |
Recent years
- FY 2081/82
- Rs 32–70/ 1,000
- FY 2080/81
- Rs 32–70/ 1,000
- FY 2079/80
- Rs 32–70/ 1,000
- FY 2078/79
- Rs 32–70/ 1,000
- FY 2077/78
- Rs 30–70/ 1,000
Source: IME 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
- Simple, affordable endowment
- Multiple optional riders
- Loan facility and tax benefits
Features
- Minimum Sum Assured: NPR 25,000
- No upper limit on SA (subject to underwriting)
- Entry Age: 18–65 years
- Policy Term: 5–52 years
- Maximum Maturity Age: 70 years
- Premium modes: Yearly / Half-yearly / Quarterly
- Death benefit: Sum Assured + vested bonus
- Maturity benefit: Sum Assured + vested bonus
- Loan available after policy acquires surrender value
- Tax benefits
- Multiple Optional riders under single plan
Terms and conditions
- 1.On Death of Policy holder during the policy term, Full Sum Assured Plus Vested Bonus, if any, will be paid to nominee/beneficiary.
- 2.On Survival till Maturity, Full Sum Assured Plus Vested Bonus, if any, will be paid to Policy holder.
- 3.Loan facility: After the policy acquires surrender value.
- 4.Tax Benefits.
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
You receive the sum assured plus the bonus built up to that date as a lump sum on the maturity date.
Typical for endowment plans — confirm the exact terms in the brochure.
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 rider
Income Benefit
Optional income benefit on permanent total disability
Lump-Sum Benefit
Optional lump-sum benefit on permanent total disability
Premium Waiver Benefit
Optional premium waiver on permanent total disability
Funeral Expense Benefit
Optional funeral expense benefit
Critical Illness Benefit
Optional critical illness rider
Loan & liquidity
- Policy loan
- Available
- Loan facility
- Up to 90% of surrender value
Questions about this plan
What kind of plan is IME Simple Endowment Plan (IME Saral Sawadhik Bima Yojana)?
IME Simple Endowment Plan (IME Saral Sawadhik Bima Yojana) from IME 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 IME Simple Endowment Plan (IME Saral Sawadhik Bima Yojana)?
The entry age for IME Simple Endowment Plan (IME Saral Sawadhik Bima Yojana) is 18 – 65 years.
How long does IME Simple Endowment Plan (IME Saral Sawadhik Bima Yojana) run?
The policy term for IME Simple Endowment Plan (IME Saral Sawadhik Bima Yojana) is 5–52 Years.
How much cover can I take on IME Simple Endowment Plan (IME Saral Sawadhik Bima Yojana)?
The sum assured available on IME Simple Endowment Plan (IME Saral Sawadhik Bima Yojana) is From Rs 25,000.
What bonus rate does IME Simple Endowment Plan (IME Saral Sawadhik Bima Yojana) earn?
For FY 2081/82, IME Life Insurance declared Rs 32–70 / 1,000 of sum assured on IME Simple Endowment Plan (IME Saral Sawadhik Bima Yojana). Bonus rates are set each year and are not guaranteed.
Which riders can be added to IME Simple Endowment Plan (IME Saral Sawadhik Bima Yojana)?
IME Simple Endowment Plan (IME Saral Sawadhik Bima Yojana) can be taken with the following optional riders: Accidental death (ADB), PTD / PWB, Critical illness (CI). Each rider carries its own premium.
Premium
Quote on request