SuryaJyoti Yekal-Simit Awadhi Bhuktani Jeevan Beema - Limited/Single plan
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. Under this plan the premium for the entire policy term can be paid as a single payment or for a limited term. At maturity or in case of unfortunate death, the basic sum assured plus declared bonus is paid as a lump sum. Under Option 2, in addition to death benefits, an additional basic sum assured is payable at 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 43 | Rs 40 |
| 10-14 | Rs 45 | Rs 41 |
| 15-19 | Rs 50 | Rs 45 |
| 20-24 | Rs 55 | Rs 54 |
| 25-29 | Rs 75 | Rs 60 |
| 30+ | Rs 75 | Rs 70 |
Recent years
- FY 2081/82
- Rs 43–75/ 1,000
- FY 2080/81
- Rs 40–70/ 1,000
- FY 2079/80
- Rs 43–75/ 1,000
- FY 2077/78
- Rs 75–90/ 1,000
Source: SuryaJyoti 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
- Single/limited premium payment
- Maturity/death benefit with bonus (lump sum)
- Option 2 adds an extra sum assured at maturity
Features
- Single or limited premium payment options
- Maturity or death benefit: Basic Sum Assured + Bonus (lump sum)
- Option 2: additional basic sum assured payable at maturity
- Policy terms available: 5, 10, 15, 20, 25 years
Terms and conditions
- Option 1
- If insured is still alive sum assured plus bonus will be paid at maturity
- If insured die during the term, sum assured plus accrued bonus till date is paid to the nominee
- Option2
- If insured is still alive sum assured plus bonus will be paid at maturity
- If insured die during the term, sum assured plus accrued bonus till date is paid to the nominee. Also the policy will continue till maturity and additional amount equal to sum assured is again paid to the nominee
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 life insurance 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 on the maturity date.
Typical for life insurance 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 life insurance plans — confirm the exact terms in the brochure.
Optional riders
Accidental Death Benefit (ADB)
Additional benefit on accidental death.
Accidental Total Permanent Disability (A-TPD)
Additional benefit equal to basic sum assured payable in 120 monthly installments.
Critical Illness Benefit (CI)
Lump-sum benefit on diagnosis of a defined 18/35 critical illness.
Loan & liquidity
- Policy loan
- Available
- Surrender allowed
- After 3 years
Questions about this plan
Who can buy SuryaJyoti Yekal-Simit Awadhi Bhuktani Jeevan Beema - Limited/Single plan?
The entry age for SuryaJyoti Yekal-Simit Awadhi Bhuktani Jeevan Beema - Limited/Single plan is 18 – 65 years.
How long does SuryaJyoti Yekal-Simit Awadhi Bhuktani Jeevan Beema - Limited/Single plan run?
The policy term for SuryaJyoti Yekal-Simit Awadhi Bhuktani Jeevan Beema - Limited/Single plan is 5, 10, 15, 20, 25 years.
How much cover can I take on SuryaJyoti Yekal-Simit Awadhi Bhuktani Jeevan Beema - Limited/Single plan?
The sum assured available on SuryaJyoti Yekal-Simit Awadhi Bhuktani Jeevan Beema - Limited/Single plan is From Rs 50,000.
What bonus rate does SuryaJyoti Yekal-Simit Awadhi Bhuktani Jeevan Beema - Limited/Single plan earn?
For FY 2081/82, SuryaJyoti Life Insurance declared Rs 43–75 / 1,000 of sum assured on SuryaJyoti Yekal-Simit Awadhi Bhuktani Jeevan Beema - Limited/Single plan. Bonus rates are set each year and are not guaranteed.
Which riders can be added to SuryaJyoti Yekal-Simit Awadhi Bhuktani Jeevan Beema - Limited/Single plan?
SuryaJyoti Yekal-Simit Awadhi Bhuktani Jeevan Beema - Limited/Single plan 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