Jeevan Kiran Beema Child Endowment Plan
by प्रभु महालक्ष्मी लाइफ इन्स्योरेन्स
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. Child endowment life insurance combining long-term savings and protection for children. Participating (bonus) benefits typically available.
परिपक्वता अनुमान
अनुमानित परिपक्वता रकम
—
Declared bonus
Rate by policy term
Declared FY 2079/80
| Policy term | Rate / 1,000 |
|---|---|
| 0-9 | Rs 33 |
| 10-14 | Rs 33 |
| 15-19 | Rs 40 |
| 20-24 | Rs 51 |
| 25 and above | Rs 70 |
Recent years
- FY 2081/82
- Rs 33–73/ 1,000
- FY 2080/81
- Rs 33–73/ 1,000
- FY 2079/80
- Rs 33–70/ 1,000
- FY 2078/79
- Rs 33–70/ 1,000
- FY 2077/78
- Rs 33–70/ 1,000
* Company-wide declared range — the plan's own term bands were not published that year.
Bonus rates are declared annually and are not guaranteed. Past rates do not guarantee future rates.
What's included
Key highlights
- बाल केन्द्रित सावधिक योजना
- म्याद पुगेपछि बीमाङ्क र बोनस उपलब्ध
- प्रिमियम भुक्तानीका लचिलो विकल्प
Features
- बालको भविष्यका लागि म्यादसम्म बचत र बीमा सुरक्षा
- मृत्यु अवस्थामा बीमाङ्क + बोनस भुक्तानी
- आकस्मिक मृत्युदेखि अतिरिक्त लाभ (राइडर मार्फत)
- प्रस्तावकको मृत्यु भएमा प्रिमियम माफ हुने सुविधा (राइडर वा शर्त अनुसार)
- ३ वर्ष प्रिमियम भुक्तानी पश्चात् बीमालेख धितोमा कर्जा सुविधा
- विभिन्न प्रिमियम भुक्तानी मोड
Terms and conditions
- 1)Maturity Benefit: Sum Assured + Vested Bonus
- 2)Death of Insured: 25% of SA or the total Premium paid (whichever is higher).
- 3)Death of insured after the death of proposer: 25% of SA + Vested Bonus or Total Premium paid (whichever is higher).
- 4)Death of proposer: PWB & MIB should commence until maturity (% of MIB as opted by the proposer 1%, 1.5% & 2%) with Maturity benefit at Maturity.
- 5)Death of insured and proposer at the same time: SA + Vested Bonus and 25% of SA (Insured Benefit)
- 6)Early Surrender Benefit: After payment of 3 full years premium and completion of 3 complete years and benefit is calculated
- 7)Loan Related Provision: The policy is eligible for loan acquiring the Surrender Value. The maximum loan amount should not exceed 25% of Sum Assured. The maximum loan amount should be 90% of Surrender Value based on 25% of Sum Assured. In the event of the death of the child, the death benefit will be reduced to the outstanding loan amount.
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 (ADB)
वैकल्पिक राइडरमार्फत दुर्घटना मृत्युमा अतिरिक्त लाभ।
स्थायी पूर्ण अशक्तता लाभ (PTD)
राइडरका शर्तअनुसार स्थायी पूर्ण अशक्ततामा लाभ।
बीमाशुल्क छुट सुविधा (PWB)
लागू शर्तअनुसार बीमाशुल्क छुट सुविधा।
Accidental Death Benefit (ADB)
Additional accidental death benefit available through the optional rider.
Permanent Total Disability Benefit (PTD)
Benefit for permanent total disability according to rider terms.
Premium Waiver Benefit (PWB)
Premium waiver benefit according to applicable conditions.
Loan & liquidity
- Policy loan
- Available
- Loan facility
- Up to 90% of surrender value
Premium
Quote on request