Endowment Life Assurance
EndowmentRecommended
About this plan
A traditional endowment life insurance plan from Rastriya Jeewan Beema combining life cover with savings/maturity benefits. Participating bonuses may be declared.
What's included
Key highlights
- Traditional endowment plan
- Life cover + savings
- Potential bonus participation
- Loan-90% of Surrender value
Features
- Life cover plus maturity (savings) benefit
- Participating/traditional plan — bonuses may be declared
- Fixed-term maturity payout
- Option to add common riders
Eligibility & term
- Entry age
- 18 – 60 years
- Policy term
- 10 – 30 years
- Sum assured
- Rs 50,000 – Rs 1,00,00,000
- Premium modes
- Yearly, Half-yearly, Quarterly, Monthly
Benefits payout
- Death benefit
- Sum Assured + accrued bonus (if any)
- Maturity benefit
- Sum Assured + accrued bonus
- Accidental benefit
- Optional rider - sum assured as per rider terms
Declared bonus
Rs 50 / 1,000
FY 2083/84
Reversionary bonus rate declared for the latest fiscal year. Rates are revised annually and are not guaranteed for future years.
Optional riders
Accidental death (ADB)PTD / PWBCritical illness (CI)
Accidental Death Benefit Rider
Provides additional benefit on death due to accident
Critical Illness Rider
Lump sum on diagnosis of listed critical illnesses
Premium Waiver on Disability Rider
Waives future premiums on total permanent disability of proposer
Loan & liquidity
- Policy loan
- Available
- Surrender allowed
- After 3 years
- Paid-up value
- Yes
- Partial withdrawal
- No
What's not covered
- Suicide within the initial contestability period
- War and related perils
- Pre-existing conditions during waiting period
- Illegal acts and self-inflicted injuries
Other plans from Rastriya Jeevan Beema Company
Premium / yr
Rs 5,000