Bachat Amrit Sawadhik Jeevan Beema Yojana
by National Life Insurance Company Limited
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. Traditional savings-cum-life insurance endowment/anticipated plan providing life cover and maturity benefits including declared bonuses.
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 |
|---|---|---|
| 5-14 | Rs 64 | — |
| 15-20 | Rs 64 | Rs 64 |
| 21-25 | Rs 70 | Rs 70 |
| 26+ | Rs 85 | — |
Recent years
- FY 2081/82
- Rs 64–85/ 1,000
- FY 2080/81
- Rs 64–85/ 1,000
- FY 2079/80
- Rs 64–85/ 1,000
- FY 2078/79
- Rs 64–85/ 1,000
- FY 2077/78
- Rs 64–85/ 1,000
Source: National Life Insurance Company Limited 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
- Savings + protection
- Participating plan (declared bonuses)
- Yearly / monthly premium options
Features
- Savings-oriented endowment plan
- Life cover with maturity benefit
- Participation in declared bonuses
- Policy loan facility (subject to terms)
- Multiple premium payment modes supported
Terms and conditions
- Surrender value : After completion of 2 years and as least 2 full years premium should have been paid from the date of commencement
- Loan: Maximum 90% of the Surrender value (Present Value)
National Life Insurance Company Limited’s page for this plan
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 (ADB)
Accidental Death Benefit equal to Sum Assured or up to Rs. 2,500,000.
Premium Waiver Benefit (PWB)
Premium waiver benefit is available under the plan terms.
Loan & liquidity
- Policy loan
- Available
- Surrender allowed
- After 2 years
- Loan facility
- Up to 90% of surrender value
Questions about this plan
What kind of plan is Bachat Amrit Sawadhik Jeevan Beema Yojana?
Bachat Amrit Sawadhik Jeevan Beema Yojana from National Life Insurance Company Limited 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 Bachat Amrit Sawadhik Jeevan Beema Yojana?
The entry age for Bachat Amrit Sawadhik Jeevan Beema Yojana is 11 – 55 years.
How long does Bachat Amrit Sawadhik Jeevan Beema Yojana run?
The policy term for Bachat Amrit Sawadhik Jeevan Beema Yojana is 10/15/20.
How much cover can I take on Bachat Amrit Sawadhik Jeevan Beema Yojana?
The sum assured available on Bachat Amrit Sawadhik Jeevan Beema Yojana is Rs 50,000 – Rs 2,50,00,000.
What bonus rate does Bachat Amrit Sawadhik Jeevan Beema Yojana earn?
For FY 2081/82, National Life Insurance Company Limited declared Rs 64–85 / 1,000 of sum assured on Bachat Amrit Sawadhik Jeevan Beema Yojana. Bonus rates are set each year and are not guaranteed.
Which riders can be added to Bachat Amrit Sawadhik Jeevan Beema Yojana?
Bachat Amrit Sawadhik Jeevan Beema Yojana can be taken with the following optional riders: Accidental death (ADB), PTD / PWB. Each rider carries its own premium.
Premium
Quote on request