SuryaJyoti Professional Endowment Insurance Policy
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 corporate-targeted long-term endowment life insurance plan providing protection against death and disability during the policy term and a guaranteed maturity benefit with accrued bonuses at the end of the term.
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 40–70/ 1,000
- FY 2077/78
- Rs 40–70/ 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
- Minimum SA NPR 1,500,000
- Policy term 5–52 years
- Rider coverage up to NPR 10,000,000 (subject to terms)
Features
- Minimum Sum Assured NPR 1,500,000
- Entry age 18–65 years
- Death benefit: Basic Sum Assured + accrued bonuses
- Maturity benefit: Basic Sum Assured + accrued bonuses
- Optional riders: ADB, TPD, Premium Waiver (additional premium)
- TPD benefit payable in 120 monthly instalments
- Can be used as security for corporate loans
Terms and conditions
- Advantages for employees
- Premium will be lower than EMI
- Financial protection
- Tax savings
- Savings with Investment return and bonus additional
- Advantages for the organisation
- Security of bank loan in case of death of borrower
- Effective HR tool for employee retention
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)
Additional benefit equal to basic sum assured on accidental death.
Accidental Total Permanent Disability (TPD)
Additional benefit equal to basic sum assured payable in 120 monthly installments.
Premium Waiver Benefit (PWB)
Future payable premiums are waived after accidental total permanent disability.
Loan & liquidity
- Policy loan
- Available
- Surrender allowed
- After 3 years
Questions about this plan
What kind of plan is SuryaJyoti Professional Endowment Insurance Policy?
SuryaJyoti Professional Endowment Insurance Policy from SuryaJyoti Life Insurance 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 SuryaJyoti Professional Endowment Insurance Policy?
The entry age for SuryaJyoti Professional Endowment Insurance Policy is 18 – 65 years.
How long does SuryaJyoti Professional Endowment Insurance Policy run?
The policy term for SuryaJyoti Professional Endowment Insurance Policy is Minimum 5 years, Maximum 52 years.
How much cover can I take on SuryaJyoti Professional Endowment Insurance Policy?
The sum assured available on SuryaJyoti Professional Endowment Insurance Policy is From Rs 15,00,000.
What bonus rate does SuryaJyoti Professional Endowment Insurance Policy earn?
For FY 2081/82, SuryaJyoti Life Insurance declared Rs 43–75 / 1,000 of sum assured on SuryaJyoti Professional Endowment Insurance Policy. Bonus rates are set each year and are not guaranteed.
Which riders can be added to SuryaJyoti Professional Endowment Insurance Policy?
SuryaJyoti Professional Endowment Insurance Policy can be taken with the following optional riders: Accidental death (ADB), PTD / PWB. Each rider carries its own premium.
Premium
Quote on request