Bal Bhagyodaya (Anticipated Endowment)
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. If you are ever unable to keep paying, the plan carries on by itself and your child still receives the full amount when the term ends. A child-focused anticipated endowment plan providing maturity benefits and declared bonuses under a participating (with-profit) traditional endowment structure.
Maturity estimator
Estimated value at maturity
—
Declared bonus
Rate by policy term
Declared FY 2081/82
| Policy term | Rate / 1,000 | Prev. year |
|---|---|---|
| 5-14 | Rs 60 | — |
| 15-20 | Rs 60 | Rs 64 |
| 21-25 | Rs 70 | Rs 64 |
| 26+ | Rs 85 | — |
Recent years
- FY 2081/82
- Rs 60–85/ 1,000
- FY 2080/81
- Rs 63–64/ 1,000
- FY 2079/80
- Rs 63–85/ 1,000
- FY 2078/79
- Rs 63–64/ 1,000
- FY 2077/78
- Rs 63–64/ 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
- Child endowment plan
- Maturity benefit with bonuses
- Participating traditional policy
Features
- Child-focused life insurance plan
- Guaranteed sum at maturity plus declared bonuses
- Traditional participating (with-profit) endowment
- Multiple premium payment frequency options
- Entry ages adapted for young children
Terms and conditions
- Death Benefits:
- Premium payment shall be waived till maturity
- Regular anticipated installment shall be paid even after the death of assured
- 50% of Sum Assured plus Entire bonus earned shall be paid to the nominee (child) on maturity
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. Most child plans are written on the parent's life, so see the next case for how the child is protected.
Typical for child plans — confirm the exact terms in the brochure.
If the parent or guardian passes away
Future premiums are waived and the policy continues on its own. The child still receives the full maturity amount at the set age. Many child plans also pay the child a regular income until then — the brochure states the rate.
Typical for child plans — confirm the exact terms in the brochure.
If the policy runs to maturity
The child receives the sum assured plus the bonus built up to that date, timed to the age set when the policy was taken out.
Typical for child 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 child plans — confirm the exact terms in the brochure.
Optional riders
Accidental Death Benefit (ADB)
Accidental Death Benefit up to Rs. 2,500,000 at the stated additional premium.
Premium Waiver Benefit (PWB)
Premium waiver benefit available at the stated additional premium.
Loan & liquidity
- Policy loan
- Available
Questions about this plan
What kind of plan is Bal Bhagyodaya (Anticipated Endowment)?
Bal Bhagyodaya (Anticipated Endowment) from National Life Insurance Company Limited is a child plan that is taken out by a parent or guardian to fund a child's education and future.
Who can buy Bal Bhagyodaya (Anticipated Endowment)?
The entry age for Bal Bhagyodaya (Anticipated Endowment) is 12 – 65 years.
How long does Bal Bhagyodaya (Anticipated Endowment) run?
The policy term for Bal Bhagyodaya (Anticipated Endowment) is 15.
How much cover can I take on Bal Bhagyodaya (Anticipated Endowment)?
The sum assured available on Bal Bhagyodaya (Anticipated Endowment) is From Rs 25,000.
What bonus rate does Bal Bhagyodaya (Anticipated Endowment) earn?
For FY 2081/82, National Life Insurance Company Limited declared Rs 60–85 / 1,000 of sum assured on Bal Bhagyodaya (Anticipated Endowment). Bonus rates are set each year and are not guaranteed.
Which riders can be added to Bal Bhagyodaya (Anticipated Endowment)?
Bal Bhagyodaya (Anticipated Endowment) can be taken with the following optional riders: Accidental death (ADB), PTD / PWB. Each rider carries its own premium.
Premium
Quote on request