Jeevan Amrit (Endowment Cum Whole Life) Plan
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. A traditional participating life insurance plan combining endowment and whole-life benefits. Provides death benefit and maturity benefit and may participate in declared bonuses.
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 60 | Rs 70 |
Recent years
- FY 2081/82
- Rs 60/ 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
- Endowment + whole-life combined
- Participating/bonus-bearing plan
- Long-term protection plus savings
Features
- Combined endowment and whole-life benefits
- Death benefit and maturity benefit
- Participating in declared bonuses (participating/profit plan)
- Multiple premium payment modes (yearly/half-yearly/quarterly/monthly)
Terms and conditions
- 1. Survival benefits: Sum Assured plus bonus earned shall be paid on maturity
- 2.Death benefits:
- Sum Assured plus bonus earned shall be paid to the nominee
- 3. After maturity, Sum Assured shall be provided to the nominee on the death of assured
- 4. Other benefits:
- Paid up and surrender claim shall be provided
- Loan Facility provided.
- Tax exemption as per ITA,2058
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, whenever the claim arises — there is no end date on the cover.
Typical for whole life plans — confirm the exact terms in the brochure.
After the premium-paying term ends
There is no maturity date. Once the premium-paying term ends, no further premiums are due and the cover stays in force for the rest of the insured's life.
Typical for whole life 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 whole life plans — confirm the exact terms in the brochure.
Optional riders
Accidental Death Benefit (ADB)
Accidental death benefit up to Rs. 5,000,000 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 Jeevan Amrit (Endowment Cum Whole Life) Plan?
Jeevan Amrit (Endowment Cum Whole Life) Plan from National Life Insurance Company Limited is a whole life plan that covers the insured for life rather than a set number of years, and suits people who want to leave money behind for their family.
Who can buy Jeevan Amrit (Endowment Cum Whole Life) Plan?
The entry age for Jeevan Amrit (Endowment Cum Whole Life) Plan is 16 – 65 years.
How long does Jeevan Amrit (Endowment Cum Whole Life) Plan run?
The policy term for Jeevan Amrit (Endowment Cum Whole Life) Plan is 5-25 Years.
How much cover can I take on Jeevan Amrit (Endowment Cum Whole Life) Plan?
The sum assured available on Jeevan Amrit (Endowment Cum Whole Life) Plan is Rs 50,000 – Rs 1,00,00,000.
What bonus rate does Jeevan Amrit (Endowment Cum Whole Life) Plan earn?
For FY 2081/82, National Life Insurance Company Limited declared Rs 60–60 / 1,000 of sum assured on Jeevan Amrit (Endowment Cum Whole Life) Plan. Bonus rates are set each year and are not guaranteed.
Which riders can be added to Jeevan Amrit (Endowment Cum Whole Life) Plan?
Jeevan Amrit (Endowment Cum Whole Life) Plan can be taken with the following optional riders: Accidental death (ADB), PTD / PWB. Each rider carries its own premium.
Premium
Quote on request