Bal Amrit 4 Endowment 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. 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. National Life's Bal Amrit 4 Endowment Policy — a child-focused endowment plan providing savings with life cover for children.
परिपक्वता अनुमान
अनुमानित परिपक्वता रकम
—
Declared bonus
Rate by policy term
Declared FY 2081/82
| Policy term | Rate / 1,000 | Prev. year |
|---|---|---|
| 5-14 | Rs 60 | — |
| 15-20 | Rs 60 | Rs 64 |
Recent years
- FY 2081/82
- Rs 60/ 1,000
- FY 2080/81
- Rs 64–85/ 1,000
- FY 2079/80
- Rs 64–85/ 1,000
- FY 2078/79
- Rs 64–85/ 1,000
- FY 2077/78
- Rs 64–85/ 1,000
Source: नेशनल लाइफ इन्स्योरेन्स 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
- बाल लक्षित योजना
- बोनस सहभागिता (परम्परागत)
- लामो अवधिको बचत र सुरक्षा
Features
- बालबालिकाका लागि लक्षित योजना
- परिपक्वता लाभ (सम्भावित) र बीमित जीवन कवरेज
- पार्टीसिपेटिङ (बोनस) सम्भाव्य – परम्परागत एन्डोवमेन्ट शैली
- प्रिमियम समयमै नतिरेमा योजना पेड–अप/सरेन्डर सुविधा
Terms and conditions
- 1. Commencement of Risk:
- Child Risk under this plan will commence either two years after the date of commencement of the policy or from the policy anniversary falling immediately after the completion of five years of age, whichever is later.
- The proposer's risk cover immediately starts at the policy commencement.
- 2.Maturity Benefit: On maturity if the child is alive, sum insured and accrued Bonus is paid.
- 3. Death of Proposer:On proposer's death, nothing is payable, but the policy continues, however no further premium is payable till the child policy’s maturity or death.
- Further 1% of the sum insured per month is payable till the maturity of the policy or child’s death for the child's needs.
- 4.Death of Child: On child's death, after commencement of risk only 25% of Sum Assured plus the accrued bonus or actual premium paid ((except rider premium and extra rated premium) whichever is higher is paid.
- However, if death happens before commencement of risk, premium (except rider premium and extra rated premium) paid is refunded.
- 5. Simultaneous Death:
- a. If there is a simultaneous death of both the proposer and child, 125% of sum insured plus accrued Bonus is paid to the nominee.
- b. Policy stands terminated on child's death.
- c. If the proposer survives till maturity of the policy nothing is payable to the proposer.
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
दुर्घटना मृत्यु लाभ
दुर्घटना मृत्यु लाभ अधिकतम NPR 2,500,000 सम्म उपलब्ध
प्रिमियम छुट
प्रिमियम छुट लाभ उपलब्ध छ
Accidental Death Benefit
Accidental Death Benefit is available up to NPR 2,500,000.
Waiver of Premium
Waiver of Premium benefit is available.
Premium
Quote on request