Samriddhi Laghu Jeevan Beema Yojana
by क्रेस्ट माइक्रो लाइफ इन्स्योरेन्स
A micro endowment life insurance plan targeted at low-income and marginalized groups offering nominal premiums, guaranteed maturity and death benefits features.
What's included
Key highlights
- न्यूनतम बीमा रकम रु.10,000 देखि
- नीति अवधि ५–२० वर्ष
- अधिकतम नीतिम्याद ७० वर्ष
- ३ वर्षपछि सर्भेन्डर र ऋण सुबिधा (९०% सम्म)
- कर छुट प्रदान गर्दछ
Features
- किफायती / नाममात्र प्रिमियम प्रविष्टि
- ग्यारेन्टी परिपक्वता र मृत्यु लाभहरू
- प्रिमियम छूट उपलब्ध छ
- अनुशासित बचत उपकरणको रूपमा कार्य गर्दछ
- बालबालिकाको शिक्षा र भविष्यका आवश्यकताहरूलाई समर्थन गर्दछ
- ३ वर्षपछि आत्मसमर्पण लाभ र ऋण सुविधा उपलब्ध छ
Terms and conditions
- A. Surrender Benefit
- Only after paying complete 3-year policy premium and after policy completion of 3-year, policy will be eligible for surrender.
- B. Loan Benefit
- Only after paying complete 3-year policy premium and after policy completion of 3-year, loan facilities will be eligible up to 90 % of surrender value.
- C. Death Benefit
- If insured die before the maturity of the active policy than in accordance with the terms and conditions of the policy, sum assured and guaranteed addition amount acquired by policy will be provided.
- D. Maturity Benefit
- If insured remains alive until the maturity of the policy than in accordance with the terms and conditions of the policy, sum assured and guaranteed addition amount acquired by policy will be provided.
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 + Guaranteed Addition
If the policy runs to maturity
This plan states: Sum Assured + Guaranteed Addition
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
Additional benefit payable on death due to accident
Total Permanent Disability
Benefit on total and permanent disability due to accident/illness
Premium Waiver Benefit
Waives future premiums in case of insured's death/disability (as per rider terms)
Loan & liquidity
- Policy loan
- Available
- Surrender allowed
- After 3 years
- Paid-up value
- Yes
- Partial withdrawal
- No
What's not covered
- Suicide within waiting period
- War and related perils
- Undisclosed pre-existing conditions
Premium
Quote on request