Midterm Payout
Entry Age
18-60
Plan type
Anticipated endowment with bonus participation
Midterm Survival
40% at midterm / 60% at maturity
Premium
रु. 0 रु./वर्ष
NPR/yr
Coverage
रु. 2.5 लाख (NPR 2.5 Lakh)
NPR5000000
Description
Midterm Growth (MTG) is an anticipated endowment life insurance plan providing a midterm survival payment (40% of Sum Assured) and maturity payment (60% of Sum Assured plus accrued reversionary bonuses). Features include cash surrender, policy loan, paid-up/non-forfeiture options and optional riders (Personal Accident, Waiver of Premium, Critical Illness).
Features
- Midterm survival benefit: 40% of Sum assured at midterm; 60% sum assured (plus bonuses) at maturity
- Death benefit: 100% sum assured if death before midterm; 200% sum assured if death after midterm (midterm survival payout does not reduce death benefit)
- Cash surrender, policy loan, paid-up and automatic premium loan (non-forfeiture) options
- Payment modes: Annual, Semi-Annual, Quarterly
Highlights
- 2x death benefit after midterm
- 40% midterm survival payout
- Participation in reversionary bonuses
Life Insurance Details
Money Back Policy
Available Riders
Personal Accident Rider-This rider pays benefits in case of death, dismemberment, and permanent total disability due to accidents up to the principal sum/face amount.
Waiver of Premium Rider-Under this benefit, the future premium of base policy is waived in case of permanent total disability due to sickness and accidents.
Critical Illness Rider-This rider pays 100% or 50% of Face Amount* coverage if diagnosed with 7 Critical Diseases (Major Cancer, First Heart Attack, Stroke, Benign Brain Tumor, Serious Coronary Artery Disease, Heart Valve Surgery, and Primary Pulmonary Hypertension).
Eligibility
Age18 - 60 years
Policy TermFixed for 12, 14, 16, 18, 20, 22 years