Jeewan Shree Sabadhik Amrit 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 endowment assurance plan from National Life providing maturity benefit at the end of term and death benefit during the policy term. Includes potential annual bonuses and multiple policy term options.
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 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
- Traditional endowment plan
- Maturity plus death cover
- Potential annual bonuses
Features
- Provides maturity and death benefits
- Potential annual (reversionary) bonuses
- Loan against policy may be available
- Optional riders (accident, critical illness etc.) to enhance cover
- Eligible for tax benefits as per law
Terms and conditions
- 1)Death Benefit:
- a)On death of the Life Assured during the policy term, provided all due premiums have been paid then
- b)On death before the commencement of Risk:Return of Premium/s paid without interest shall be payable.
- 2)On Death after the commencement of Risk:
- Death Benefit, defined as sum of "Sum Assured on Death" and Bonuses shall be payable.
- Premiums referred above shall not include any taxes, extra amount chargeable under the policy due to underwriting decision and rider premium(s), if any.
- 3)Survival Benefit:
- On the life assured surviving to the end of the premium paying term, provided all due premiums have been paid, a survival benefits equal to 9% of basic sum assured shall be payable each year. The first survival benefit payment is payable at the end of premium paying term and thereafter on completion of each subsequent year till the life assured survives or till the policy anniversary prior to the date of maturity, whichever is earlier.
- 4)Maturity Benefit:
- On the life assured surviving to the end of the policy term, provided all due premiums have been paid "Sum Assured on Maturity" along with vested bonuses for premium paying term shall be payable.
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 available under the plan terms.
Permanent Total Disability Benefit (PTD)
Permanent total disability benefit available under the plan terms.
Premium Waiver Benefit (PWB)
Future premium waiver benefit under applicable rider terms.
Critical Illness Benefit (CI)
Critical illness benefit available under the plan terms.
Loan & liquidity
- Surrender allowed
- After 2 years
- Loan facility
- Up to 90% of surrender value
Questions about this plan
What kind of plan is Jeewan Shree Sabadhik Amrit Plan?
Jeewan Shree Sabadhik Amrit Plan 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 Jeewan Shree Sabadhik Amrit Plan?
The entry age for Jeewan Shree Sabadhik Amrit Plan is 8 – 65 years.
How long does Jeewan Shree Sabadhik Amrit Plan run?
The policy term for Jeewan Shree Sabadhik Amrit Plan is 10/15/20/25/30 years .
How much cover can I take on Jeewan Shree Sabadhik Amrit Plan?
The sum assured available on Jeewan Shree Sabadhik Amrit Plan is From Rs 1,00,000.
What bonus rate does Jeewan Shree Sabadhik Amrit Plan earn?
For FY 2081/82, National Life Insurance Company Limited declared Rs 64–85 / 1,000 of sum assured on Jeewan Shree Sabadhik Amrit Plan. Bonus rates are set each year and are not guaranteed.
Which riders can be added to Jeewan Shree Sabadhik Amrit Plan?
Jeewan Shree Sabadhik Amrit Plan 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