15-Years Money Back Cum Whole Life Assurance (Saarthak Ajeewan Jeevan Beema)
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. You also receive part of the cover amount at set points during the term, not only at the end. A money-back cum whole life plan where premiums are paid for a fixed period but cover continues until death or attainment of age 100. On survival to term end, full sum assured plus declared & vested bonuses are payable. Additional sum assured is payable at age 100 or to nominee on death after policy term but before age 100.
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 |
|---|---|---|
| 15 | Rs 40 | Rs 39 |
Recent years
- FY 2081/82
- Rs 40/ 1,000
- FY 2080/81
- Rs 39/ 1,000
- FY 2079/80
- Rs 42/ 1,000
- FY 2078/79
- Rs 42–60/ 1,000
- FY 2077/78
- Rs 36/ 1,000
Source: Sun Nepal Life Insurance 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
- Money-back at years 5, 10, 15
- Whole-life cover up to age 100
- Full sum assured plus declared & vested bonuses
Features
- Premium paying term: 15 years
- Money-back payouts
- Whole-life cover up to age 100 (if not paid earlier)
- Death benefit during premium paying term: Full Sum Assured + vested bonuses
- Optional riders
Terms and conditions
- 1) Full sum assured will be provided at age 100.
- 2)On death of life assured during the paying term of policy, full sum assured Plus Vested Bonus in the policy will be paid.
- 3)On Death of Life Assured after the premium paying term full Sum Assured will be paid.
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: During premium paying term: Full Sum Assured + Vested Bonus; After premium paying term: Full Sum Assured
Along the way, while the policy is in force
A set share of the sum assured is paid at fixed points during the term. The schedule on this page shows when each instalment falls due.
Typical for money-back plans — confirm the exact terms in the brochure.
If the policy runs to maturity
You receive the balance of the sum assured plus the bonus built up to that date — the part not already paid as instalments.
Typical for money-back 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 money-back plans — confirm the exact terms in the brochure.
Optional riders
Sun Medicare
Emergency medical rider
Accidental Death Benefit
Optional accidental death rider
Permanent Total Disability Benefit
Optional PTD rider
Premium Waiver Benefit
Optional premium waiver benefit
Critical Illness Benefit
Optional critical illness rider
Funeral Expense Benefit
Optional funeral expense rider
Loan & liquidity
- Policy loan
- Available
- Surrender allowed
- After 2 years
What's not covered
- Suicide within policy-specified exclusion period
- War, civil commotion and related exclusions
- Pre-existing conditions not disclosed at proposal
Questions about this plan
What kind of plan is 15-Years Money Back Cum Whole Life Assurance (Saarthak Ajeewan Jeevan Beema)?
15-Years Money Back Cum Whole Life Assurance (Saarthak Ajeewan Jeevan Beema) from Sun Nepal Life Insurance is a money-back plan that releases part of the sum assured at set points during the term instead of only at the end.
Who can buy 15-Years Money Back Cum Whole Life Assurance (Saarthak Ajeewan Jeevan Beema)?
The entry age for 15-Years Money Back Cum Whole Life Assurance (Saarthak Ajeewan Jeevan Beema) is 18 – 55 years.
How long does 15-Years Money Back Cum Whole Life Assurance (Saarthak Ajeewan Jeevan Beema) run?
The policy term for 15-Years Money Back Cum Whole Life Assurance (Saarthak Ajeewan Jeevan Beema) is 15 – 15 years.
How much cover can I take on 15-Years Money Back Cum Whole Life Assurance (Saarthak Ajeewan Jeevan Beema)?
The sum assured available on 15-Years Money Back Cum Whole Life Assurance (Saarthak Ajeewan Jeevan Beema) is From Rs 50,000.
What bonus rate does 15-Years Money Back Cum Whole Life Assurance (Saarthak Ajeewan Jeevan Beema) earn?
For FY 2081/82, Sun Nepal Life Insurance declared Rs 40 / 1,000 of sum assured on 15-Years Money Back Cum Whole Life Assurance (Saarthak Ajeewan Jeevan Beema). Bonus rates are set each year and are not guaranteed.
What is paid if the insured passes away during the term?
During premium paying term: Full Sum Assured + Vested Bonus; After premium paying term: Full Sum Assured
Which riders can be added to 15-Years Money Back Cum Whole Life Assurance (Saarthak Ajeewan Jeevan Beema)?
15-Years Money Back Cum Whole Life Assurance (Saarthak Ajeewan Jeevan Beema) 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