Sukhamaya bima yojana (Endowment/Whole Life Insurance Plan)

This plan guarantees lifetime protection and also serves as an estate-planning vehicle. Coverage continues until the insured attains age 100 even after the premium paying term. Death benefit includes Sum Assured plus declared and vested bonuses (during premium paying term). Survival benefits and a fully paid-up whole life assurance apply at the end of the premium paying term.

Entry age

18 – 65 years

Policy term

5 – 52 years

Sum assured

From Rs 1,00,000

Premium modes

Yearly, Half-yearly, Quarterly, Monthly

Death benefit

Sum Assured + Declared & Vested Bonus (during premium paying term); Sum Assured (post premium term)

Maturity benefit

On survival to end of premium paying term: Sum Assured + Declared & Vested Bonus and fully paid-up whole life assurance

Declared range for the fiscal year shown — the exact rate depends on the plan and term. Rates are revised annually and are not guaranteed for future years.

• Accidental Death Benefit (ADB)

  Up to age 70: additional amount equal to Sum Assured or NPR 10,000,000 whichever is lower.

• Permanent Total Disability (PTD)

  Up to age 70: Sum Assured or NPR 10,000,000 whichever is lower payable in 120 monthly installments (or lump sum if remaining term <120 months).

• Critical Illness (CI)

  On diagnosis of covered critical illness: additional amount equal to Sum Assured or NPR 5,000,000 whichever is lower.

Paid-up value

Yes