Sanjivani Sawadhik Amrit Jeevan Bimalekh
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-cum-whole-life participating life insurance policy designed to provide death and maturity benefits along with 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 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
- Endowment + Whole-life coverage
- Participating (bonus-eligible) policy
- Flexible premium payment options
Features
- Provides both death and maturity benefits
- Participating plan with declared bonuses
- Loan and surrender facilities available
- Flexible premium payment modes (yearly/half-yearly/quarterly/monthly)
Terms and conditions
- Death Benefits:
- On death of the policyholder, during the policy term, provided all due premius have been paid, the 'Sum Assured on Death' under the policy plus the Accured Reversionary Bonus as on the date of death will be payable to the nominee/beneficiary. The policy will terminate upon such payment.
- The Sum Assured on Death is desfined as follows:
- 100% of Sum Assured during policy years 1 to 5
- 125% of Sum Assured during policy years 6 to 10
- 150% of Sum Assured during policy years 11 to 15
- 200% of Sum Assured during policy years 16 to 20
- Maturity Benefit:
- On survival of the policyholder till the end of the policy term, sum assured plus accrued reversionary bonus shall be payable, provided all due premiums have been paid. The Policy will terminate upon such payment.
- Bonus:
- The policy will participate in the profits of the company's participating fund on commencement of the policy. It gets a share of the profits emerging from the company's participating fund in the form of bonuses.
- The Policy will cease to participate in the profits of the company's participating fund upon nonpayment of due premiums and also on payment of maturity benefit and no further bonuses will accrue on the policy.
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.
Optional riders
No optional riders are attached to this plan.
Questions about this plan
What kind of plan is Sanjivani Sawadhik Amrit Jeevan Bimalekh?
Sanjivani Sawadhik Amrit Jeevan Bimalekh 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 Sanjivani Sawadhik Amrit Jeevan Bimalekh?
The entry age for Sanjivani Sawadhik Amrit Jeevan Bimalekh is 12 – 65 years.
How long does Sanjivani Sawadhik Amrit Jeevan Bimalekh run?
The policy term for Sanjivani Sawadhik Amrit Jeevan Bimalekh is 12-20.
How much cover can I take on Sanjivani Sawadhik Amrit Jeevan Bimalekh?
The sum assured available on Sanjivani Sawadhik Amrit Jeevan Bimalekh is From Rs 2,00,000.
What bonus rate does Sanjivani Sawadhik Amrit Jeevan Bimalekh earn?
For FY 2081/82, National Life Insurance Company Limited declared Rs 64–85 / 1,000 of sum assured on Sanjivani Sawadhik Amrit Jeevan Bimalekh. Bonus rates are set each year and are not guaranteed.
Premium
Quote on request