Group 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. A group endowment life insurance plan for organizations/employers that provides death benefit during the term and a maturity (endowment) benefit at policy termination.
परिपक्वता अनुमान
अनुमानित परिपक्वता रकम
—
Declared bonus
Rate by policy term
Declared FY 2081/82
| Policy term | Rate / 1,000 | Prev. year |
|---|---|---|
| 25-29 | Rs 60 | Rs 60 |
Recent years
- FY 2081/82
- Rs 60/ 1,000
- FY 2080/81
- Rs 60/ 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
- समूह आधारित अन्त्यकालीन योजना
- मृत्यु र परिपक्वता दुबै लाभ
- कम्पनी द्वारा बोनस घोषणा हुने पारम्परिक पद्धति
Features
- समूह (ग्रुप) सदस्यहरूको लागि डिजाइन गरिएको
- योजना अवधिमा मृत्यु हुँदा मृत्यु लाभ उपलब्ध
- योजना समाप्तिमा परिशिष्ट/रकम फिर्ता (एन्डाउन्मेन्ट लाभ)
- कर लाभको सम्भावना (स्थानीय कर नियम अनुसार)
- कम्पनीले घोषित बोनसमा सहभागी हुने परम्परागत लाभ
Terms and conditions
- 1)Loan facility up to 90% of the surrender value is available against the policy. This facility can be used multiple times as long as the policy is active.
- 2)Additional institutional discount of 5% is 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
The nominee receives the sum assured plus the bonus built up to that date, and the policy ends.
Typical for endowment plans — confirm the exact terms in the brochure.
If the policy runs to maturity
You receive the sum assured plus the bonus built up to that date as a lump sum on the maturity date.
Typical for endowment 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 endowment plans — confirm the exact terms in the brochure.
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
Premium
Quote on request