Children’s Marriage and Education Endowment Life Assurance
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. An endowment life plan targeted to save for a child’s marriage and education. Provides maturity benefits at the end of the policy term and a death benefit in case of the life assured's demise.
परिपक्वता अनुमान
अनुमानित परिपक्वता रकम
—
Declared bonus
Rate by policy term
Declared FY 2081/82
| Policy term | Rate / 1,000 | Prev. year |
|---|---|---|
| 15-19 | Rs 60 | Rs 60 |
Recent years
- FY 2081/82
- Rs 60/ 1,000
- FY 2080/81
- Rs 60/ 1,000
- FY 2079/80
- Rs 65/ 1,000
- FY 2078/79
- Rs 65/ 1,000
- FY 2077/78
- Rs 65/ 1,000
Source: राष्ट्रिय जीवन बीमा कम्पनी 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 जीवन बीमा योजना
- परिपक्वतामा रकम उपलब्ध
- प्रत्याशित बोनस सहित
Features
- बालबालिकाको विवाह र शिक्षाको लागि बचत र बीमा
- नीतिगत अवधिमा परिपक्वता लाभ
- जीवनदाता मृत्यु भएमा मृत्यु लाभ उपलब्ध
- भाग लिने (participating) योजना — बोनस घोषणा
- कम्पनी नियम अनुसार पोलिसी ऋण / समर्पण मूल्य / चुक्ता मूल्य
Terms and conditions
- 1)The parent or guardian must take out the policy on their own life, naming the child as the nominee, and pay premiums regularly.
- 2)If the insured dies before the specified period, premiums are waived, but the sum assured and vested bonus are paid only after the specified period.
- 3)If the child named in the policy dies before its maturity, the parent or guardian has the right to transfer the policy to another child or claim the surrender value.
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 + Bonus (as declared)
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
This plan states: Sum Assured + Bonus
If death is caused by an accident
This plan states: Additional benefit if accidental death rider taken
Optional riders
दुर्घटना मृत्यु लाभ (ADB)
Further accidental death benefit can be obtained by paying an additional premium of Rs. 1 per thousand.
Accidental Death Benefit (ADB)
Additional accidental death benefit can be obtained by paying an additional premium of Re. 1 per thousand.
Loan & liquidity
- Policy loan
- Available
- Loan facility
- Up to 90% of surrender value
What's not covered
- Suicide within policy's initial exclusion period
- War, civil commotion, terrorist acts
- Pre-existing conditions not disclosed
- Illegal acts or self-inflicted injuries
Premium
Quote on request