IME Child Endowment Plan (IME Bal Ujjwal)
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. If you are ever unable to keep paying, the plan carries on by itself and your child still receives the full amount when the term ends. A child endowment plan providing financial security for children, offering life protection for the child and proposer with sum assured and vested bonuses payable at maturity.
परिपक्वता अनुमान
अनुमानित परिपक्वता रकम
—
Declared bonus
Rate by policy term
Declared FY 2077/78
| Policy term | Rate / 1,000 |
|---|---|
| 0-9 | Rs 30 |
| 10-14 | Rs 30 |
| 15-19 | Rs 35 |
| 20-24 | Rs 48 |
| 25-29 | Rs 63 |
| 30+ | Rs 70 |
Recent years
- FY 2081/82
- Rs 30–80/ 1,000
- FY 2080/81
- Rs 30–80/ 1,000
- FY 2079/80
- Rs 22–80/ 1,000
- FY 2078/79
- Rs 30–70/ 1,000
- FY 2077/78
- Rs 30–70/ 1,000
* Company-wide declared range — the plan's own term bands were not published that year.
Source: आईएमई लाइफ इन्स्योरेन्स declaration for FY 2077/78
Bonus rates are declared annually and are not guaranteed. Past rates do not guarantee future rates.
What's included
Key highlights
- न्यूनतम बीमा रकम रु.100,000
- प्रवेश उमेर 0–17 वर्ष (बालक)
- प्रस्तावकको मृत्युमा प्रिमियम माफी र आय लाभ
Features
- बालको शिक्षा तथा विवाहका लागि आर्थिक सुरक्षा
- बालक र प्रस्तावक दुबैका लागि मृत्यु लाभ
- भुक्तानी अवधिः नियमित, सीमित र एकपटक (Single) उपलब्ध
- जोखिम सुरु हुने मिति ढिला: सामान्यतया 2 वर्षपछि वा बालक 6 वर्ष पूरा भएपछि (जो जे ढिलो)
- राइडरहरू: दुर्घटना मृत्यु लाभ, लम्पसम् लाभ, अन्त्येष्टि खर्च
Terms and conditions
- 1. Risk commencement will happen 1 Year after the date of commencement of the policy.
- 2. On Survival of Life Assured (Child) till maturity, Full Sum Assured plus Vested Bonus will be paid.
- 3.In the event of death of Life Assured (Child) before the date of commencement of risk, all the Premium received till date will be paid. The policy will automatically terminate thereafter.
- 4.In the event of death of Life Assured (Child) during the policy term after the date of commencement of risk, 25% of the Sum Assured plus Vested Bonus (if any) or Total Premium received till date, whichever is higher, will be paid. The policy will automatically terminate thereafter.
- 5.In the event of death of Life Assured (Child) after the death of Proposer, 25% of Sum Assured plus Vested Bonus (if any) or Total Premium received whichever is higher, will be paid. The policy will automatically terminate thereafter.
- 6.In the event of the death of both Life Assured (Child) and Proposer at the same time during the policy term, 25% of Sum Assured plus Vested Bonus (if any) will be paid for the death of the Life Assured (Child) and Full Sum Assured will be paid for the death of the Proposer. The policy will automatically terminate thereafter.
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. Most child plans are written on the parent's life, so see the next case for how the child is protected.
Typical for child plans — confirm the exact terms in the brochure.
If the parent or guardian passes away
Future premiums are waived and the policy continues on its own. The child still receives the full maturity amount at the set age. Many child plans also pay the child a regular income until then — the brochure states the rate.
Typical for child plans — confirm the exact terms in the brochure.
If the policy runs to maturity
The child receives the sum assured plus the bonus built up to that date, timed to the age set when the policy was taken out.
Typical for child 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 child plans — confirm the exact terms in the brochure.
Optional riders
बीमाशुल्क छुट लाभ
प्रस्तावकको मृत्यु वा स्थायी पूर्ण अशक्ततामा अनिवार्य
आय लाभ
अनिवार्य प्रस्तावक आय लाभ
दुर्घटना मृत्यु लाभ
ऐच्छिक राइडर
एकमुष्ट लाभ
ऐच्छिक एकमुष्ट लाभ
अन्त्येष्टि खर्च लाभ
ऐच्छिक अन्त्येष्टि खर्च राइडर
Premium Waiver Benefit
Compulsory on proposer death or total permanent disability
Income Benefit
Compulsory proposer income benefit
Accidental Death Benefit
Optional rider
Lump-Sum Benefit
Optional lump-sum benefit
Funeral Expense Benefit
Optional funeral expense rider
Loan & liquidity
- Policy loan
- Available
- Loan facility
- Up to 90% of surrender value
Premium
Quote on request