Money Back policy with profit - 25 Years

This Plan is of special interest to persons who, besides desiring to provide for their own old age and family, feel the need for lump-sum benefits at periodical intervals. Unlike ordinary endowments assurance, where the full Sum Assured in the event of survivance is payable only at the end of the endowment period, under this scheme, the survival benefits are payable in the with certain percentage of the Sum Assured.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   

 

Conditions

·         Entry age  18 to 45years

·         Term 25 years

·         Medical depends on the age and S.A  of the proposer

·         Maximum S. A  1000,000

·         Minimum S.A 30,000

·         Can surrender after 3 years of premium payment.

·         Acquire paid up value after three years

·         No loan is made available

·         Bonus at floating rate on SA upon maturity or at death is payable

·         Accident Benefit can be availed for a maximum of Nu.100,000/- under yearly mode with an extra premium of Nu.2 per thousand sum Assured.

 

Survival benefit

·         20% of  the SA 10th year of the Policy

·         20% of the  SA 15 th year of the policy

·         20% of the SA 20th  year of the policy

·         40% of the SA 25th year of the policy along with bonus

Death benefits

·         Full SA +  accrued bonus

 In the event of cessation of payment of the premiums under this policy, a paid up assurance, payable at the end of the selected term of years or at the life assureds death if previous, is automatically secured provided premiums have been paid under the policy for not less than three years and a minimum paid up assurance of Nu.250/- exclusive of any attached bonus is secured.