Yakal Sanjeevani Sabadhik Amrit
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. This is a single premium, non-linked, with profits endowment plan which offers the policyholder a combination of protection and savings.
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
- Single premium plan
- Eligible for bonuses (participating)
- Combination of savings and protection
Features
- Life cover with maturity benefit
- Traditional profit-participating (bonus) potential
- Loan facility against policy
- Standard KYC/application documentation required
Terms and conditions
- 1)Death Benefits:
- On death of the policyholder, during the policy term, 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.
- 2)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
- 3)Maturity Benefit:
- On survival of the policyholder till the end of the policy term, sum assured plus accrued reversionary bonus shall be payable. The Policy will terminate upon such payment.
- 4)Surrender Value:
- a) The Policy shall have a surrender value after 30 days issue of policy.
- b) Loan against policy can be obtained after 30 days of the issue of policy and shall not exceed 90% of the surrender value, as determined above.
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. 5,000,000.
Questions about this plan
What kind of plan is Yakal Sanjeevani Sabadhik Amrit?
Yakal Sanjeevani Sabadhik Amrit 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 Yakal Sanjeevani Sabadhik Amrit?
The entry age for Yakal Sanjeevani Sabadhik Amrit is 12 – 65 years.
How long does Yakal Sanjeevani Sabadhik Amrit run?
The policy term for Yakal Sanjeevani Sabadhik Amrit is 12-20.
How much cover can I take on Yakal Sanjeevani Sabadhik Amrit?
The sum assured available on Yakal Sanjeevani Sabadhik Amrit is From Rs 2,00,000.
What bonus rate does Yakal Sanjeevani Sabadhik Amrit earn?
For FY 2081/82, National Life Insurance Company Limited declared Rs 64–85 / 1,000 of sum assured on Yakal Sanjeevani Sabadhik Amrit. Bonus rates are set each year and are not guaranteed.
Which riders can be added to Yakal Sanjeevani Sabadhik Amrit?
Yakal Sanjeevani Sabadhik Amrit can be taken with the following optional riders: Accidental death (ADB). Each rider carries its own premium.
Premium
Quote on request