Jeevan Surakshya
by Rastriya Jeevan Beema Company
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 life insurance plan offered by Rastriya Jeewan Beema. Provides sum assured plus bonuses on death and maturity.
Maturity estimator
Estimated value at maturity
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Declared bonus
Rate by policy term
Declared FY 2081/82
| Policy term | Rate / 1,000 | Prev. year |
|---|---|---|
| 0-9 | Rs 60 | Rs 60 |
| 10-14 | Rs 60 | Rs 60 |
| 15-19 | Rs 60 | Rs 60 |
| 20-24 | Rs 60 | Rs 60 |
| 25-29 | Rs 60 | Rs 60 |
| 30+ | Rs 60 | Rs 60 |
Recent years
- FY 2081/82
- Rs 60/ 1,000
- FY 2080/81
- Rs 60/ 1,000
- FY 2079/80
- Rs 65/ 1,000
- FY 2078/79
- Rs 65/ 1,000
- FY 2077/78
- Rs 65/ 1,000
Source: Rastriya Jeevan Beema Company 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 life plan
- Death and maturity benefits
- Participates in declared bonuses
Features
- Death and maturity benefits (Sum Assured + bonuses)
- Participating (profit) endowment plan — eligible for declared bonuses
- Policy loan facility available
- Surrender value after specified waiting years
Terms and conditions
- 1)Sum assured plus accrued bonus upon death
- 2)Sum assured +vested bonus at maturity
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
This plan states: Sum Assured + Bonus(es)
If the policy runs to maturity
This plan states: Sum Assured + Bonus(es)
If death is caused by an accident
This plan states: Additional benefit as per rider if opted
Optional riders
Accidental Death Benefit (ADB)
Additional accidental death benefit can be obtained by paying an additional premium of Re. 1 per thousand.
Loan & liquidity
- Policy loan
- Available
- Loan facility
- Up to 90% of surrender value
What's not covered
- Suicide clause within initial period
- War, nuclear perils and civil commotion
- Pre-existing conditions subject to waiting period
- Fraudulent claims
Questions about this plan
What kind of plan is Jeevan Surakshya?
Jeevan Surakshya from Rastriya Jeevan Beema Company 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 Jeevan Surakshya?
The entry age for Jeevan Surakshya is 18 – 60 years.
How long does Jeevan Surakshya run?
The policy term for Jeevan Surakshya is 10 – 35 years.
How much cover can I take on Jeevan Surakshya?
The sum assured available on Jeevan Surakshya is Rs 50,000 – Rs 1,00,00,000.
What bonus rate does Jeevan Surakshya earn?
For FY 2081/82, Rastriya Jeevan Beema Company declared Rs 60–60 / 1,000 of sum assured on Jeevan Surakshya. Bonus rates are set each year and are not guaranteed.
What is paid if the insured passes away during the term?
Sum Assured + Bonus(es)
What is paid when Jeevan Surakshya matures?
Sum Assured + Bonus(es)
Which riders can be added to Jeevan Surakshya?
Jeevan Surakshya can be taken with the following optional riders: Accidental death (ADB). Each rider carries its own premium.
Premium
Quote on request