Money-Back Plan
Money Back Plan is a life insurance policy in which the insured individual receives a portion of sum assured at regular intervals rather than a lump sum amount at the end of the term.
In the event of death of the insured, the nominee receives the full amount of insurance and the most important is survival benefits are also not deducted.
This plan ensures better advantages and periodic returns which helps in meeting different financial necessities.
NAULO DHAN BARSHA PLAN (Anticipated)
Naulo Dhanbarsha is Limited Payment Money-Back (Anticipated) Endowment Plan. Company has launched this product after successful launching of previous anticipated endowment plan keeping in mind the customer demands requiring more money-back during the policy terms in short intervals.
During the policy terms, there shall be 5 payments thus creating more liquidity option during the policy periods as well as policy loan is available after one year after paying 2 yearly premiums. Modified ADB/PTD/PWB as well CI facilities and added policy tenure of 10, 15, 20 and 25 yrs. The risk of death of insured is covered through the period and whereas premium payment are made for limited terms only. In case of death on single premium, 2.5 times of Sum Assured with an earned bonus payable without reducing the previously paid amount.
Entry Age : |
16 to 60 years (Age Nearer Birthday) |
Maximum Maturity Age : |
70 years |
Terms of Policy : |
5 years to 25 years |
Minimum Sum Assured : |
NRs. 50,000 |
Maximum Sum Assured : |
As per Income Source. |
Medical Requirement : |
As per Company Rule. |
Payment Mode : |
Yearly, Half-Yearly, Quarterly & Monthly. |
Loan Facility : |
After 1 Year of Policy enforcement. |
Accidental Benefit : |
ADB/PWB/PTD Available up to Maximum S.A. 100, 00,000/- |
Rebate
1. Discount on mode of payment:
Mode of Payment |
Discount |
Yearly |
2% Rebate |
Half Yearly Premium Payment : |
1% Rebate |
Quarterly : |
Nill |
Monthly Premium Payment : |
5% Additional |
2. Discount on Sum Assured:
Sum Assured |
Discount (Per thousand) |
Rs.5,01,000/- to Rs.25,00,000/- |
Rs.0.50/- |
Rs.25,01,000/- to Rs.50,00,000/- |
Rs.1/- |
Rs.50,01,000/- to Rs.100,00,000/- |
Rs.1.5/- |
Rs.100,01,000/- & above |
Rs.2/- |
>> Risk coverage for whole term on a limited payment period.
>> After one year after paying 2 yearly premium, surrendered amount and loan can be received.
Policy Term |
Premium Payment Term |
Pre – payment (Money Back) Survival Benefit |
Bonus Payment |
In case of death within Insurance Term |
|
10 yrs |
8 yrs |
After 2 yearsAfter 4 yearsAfter 6 yearsAfter 8 Years |
10% of Sum Assured20% of Sum Assured30% of Sum Assured40% of Sum Assured |
After 10 years |
>>>Sum Assured Plus Bonus |
15 yrs |
12 yrs |
After 3 yearsAfter 6 yearsAfter 9 yearsAfter 12 Years |
10% of Sum Assured20% of Sum Assured30% of Sum Assured40% of Sum Assured |
After 15 years |
>>>Sum Assured Plus Bonus |
20 yrs |
16 yrs |
After 4 yearsAfter 8 yearsAfter 12 yearsAfter 16 years |
10% of Sum Assured20% of Sum Assured30% of Sum Assured40% of Sum Assured |
After 20 years |
>>>Sum Assured Plus Bonus |
25 yrs |
20 yrs |
After 5 yearsAfter 10 yearsAfter 15 yearsAfter 20 years |
10% of Sum Assured20% of Sum Assured30% of Sum Assured40% of Sum Assured |
After 25 years |
>>>Sum Assured Plus Bonus |
Premium Payment:
Premium can be paid either monthly, quarterly, half-yearly or yearly mode. If customer wishes to pay all premiums at once, he can choose single premium mode too.
Death Risk:
Sum Assured plus acquired bonus shall be payable to nominee or next kin of insured as per Insurance Act without deducting any pre-payment (money back) made earlier if any. In case of single premium payment mode 2.5 of Sum Assured plus acquired bonus shall be payable.
Rider:
Combined Accidental Death Benefit (ADB), Permanent Total Disability (PTD) and Premium Waiver Benefit (PWB) riders are available under this plan. If insured dies within the policy terms due to accident, then additional amount equal to Sum Assured not exceeding 5 million shall be paid to nominee or his/her next kin. If Insured becomes permanent total disable as stated in policy bond due to accident then his/her future premium of Sum Assured not exceeding 5 million shall be waived and insured shall get an amount equal to Sum Assured not exceeding million shall be paid in 120 monthly equal installments, as well as policy shall remain enforced.
First Policy Issue Date : 2014-08-21
NAULO JEEVAN SAMBRIDDHI (Anticipated)
Naulo Jeevan Sambridi is Limited Payment Money-back (Anticipated) Endowment Plan. Company has launched this product after successful launching of previous anticipated endowment plan (Jeevan Sambdirhi) keeping in mind the customer demands requiring more money-back during the policy terms. This product has added features of single premium payment option, policy loan availability after one year after paying 2 yearly premium, modified ADB/PTD/PWB facilities and added policy tenure of 10, 15 20 and 25 yrs. During the policy terms there shall be sum assured payment before the policy maturity at the interval of 4 yrs from date of policy issue. The risk of death of insured is covered through the period and whereas premium payment are made for limited terms only.
Entry Age : |
16 to 60 years (Age Nearer Birthday) |
Maximum Maturity Age : |
70 years |
Terms of Policy : |
5 years to 25 years |
Minimum Sum Assured : |
NRs. 50,000 |
Maximum Sum Assured : |
As per Income Source. |
Medical Requirement : |
As per Company Rule. |
Payment Mode : |
Yearly, Half-Yearly, Quarterly & Monthly. |
Loan Facility : |
After 1 Year of Policy enforcement. |
Accidental Benefit : |
ADB/PWB/PTD Available up to Maximum S.A. 100, 00,000/- |
Rebate
1. Discount on mode of payment:
Mode of Payment |
Discount |
Yearly |
2% Rebate |
Half Yearly Premium Payment : |
1% Rebate |
Quarterly : |
Nill |
Monthly Premium Payment : |
5% Additional |
2. Discount on Sum Assured:
Sum Assured |
Discount (Per thousand) |
Rs.5,01,000/- to Rs.25,00,000/- |
Rs.0.50/- |
Rs.25,01,000/- to Rs.50,00,000/- |
Rs.1/- |
Rs.50,01,000/- to Rs.100,00,000/- |
Rs.1.5/- |
Rs.100,01,000/- & above |
Rs.2/- |
>> Risk coverage for whole term on a limited payment period.
>> After one year after paying 2 yearly premium, surrendered amount and loan can be received.
Policy Term |
Premium Payment Term |
Pre – payment (Money Back) Survival Benefit |
Bonus Payment |
In case of death within Insurance Term |
|
10 yrs |
10 yrs |
After 4 yearsAfter 8 years |
40% of Sum Assured60% of Sum Assured |
After 10 years |
>>>Sum Assured Plus Bonus |
15 yrs |
12 yrs |
After 4 yearsAfter 8 yearsAfter 12 years |
30% of Sum Assured30% of Sum Assured40% of Sum Assured |
After 15 years |
>>>Sum Assured Plus Bonus |
20 yrs |
16 yrs |
After 4 yearsAfter 8 yearsAfter 12 yearsAfter 16 years |
20% of Sum Assured20% of Sum Assured20% of Sum Assured40% of Sum Assured |
After 20 years |
>>>Sum Assured Plus Bonus |
25 yrs |
20 yrs |
After 4 yearsAfter 8 yearsAfter 12 yearsAfter 16 yearsAfter 20 years |
15% of Sum Assured15% of Sum Assured15% of Sum Assured15% of Sum Assured40% of Sum Assured |
After 25 years |
>>>Sum Assured Plus Bonus |
Premium Payment:
Premium can be paid either monthly, quarterly, half-yearly or yearly mode. If customer wishes to pay all premiums at once, he can choose single premium mode too.
Death Risk:
Sum Assured plus acquired bonus shall be payable to nominee or next kin of insured as per Insurance Act without deducting any pre-payment (money back) made earlier if any. In case of single premium payment mode 2.5 of Sum Assured plus acquired bonus shall be payable.
Rider:
Combined Accidental Death Benefit (ADB), Permanent Total Disability (PTD) and Premium Waiver Benefit (PWB) riders are available under this plan. If insured dies within the policy terms due to accident, then additional amount equal to Sum Assured not exceeding 5 million shall be paid to nominee or his/her next kin. If Insured becomes permanent total disable as stated in policy bond due to accident then his/her future premium of Sum Assured not exceeding 5 million shall be waived and insured shall get an amount equal to Sum Assured not exceeding 5 million shall be paid in 120 monthly equal installments, as well as policy shall remain enforced.
First Policy Issue Date : 2014-12-23
JEEVAN UNNATI PLAN (Anticipated)
Jeevan Unnati is Limited Payment Money-Back (Anticipated) Endowment Plan. Company has launched this product after successful launching of previous anticipated endowment plan keeping in mind the customer demands requiring more money-back during the policy term. Saving and protection plan that provides lump sum payouts at regular to meet customer financial requirements. ADB/PTS/PWB as well CI facilities are available.
Entry Age : |
16 to 58 years (Age Nearer Birthday) |
Maximum Maturity Age : |
70 years |
Terms of Policy : |
12 years to 20 years |
Minimum Sum Assured : |
NRs. 50,000 |
Maximum Sum Assured : |
As per Income Source. |
Medical Requirement : |
As per Company Rule. |
Payment Mode : |
Yearly, Half-Yearly, Quarterly & Monthly. |
Loan Facility : |
After 1 year of Policy enforcement. |
Accidental Benefit : |
ADB/PWB/PTD Available up to Maximum S.A. 100, 00,000/- |
Rebate
1. Discount on mode of payment:
Mode of Payment |
Discount |
Yearly |
2% Rebate |
Half Yearly Premium Payment : |
1% Rebate |
Quarterly : |
Nill |
Monthly Premium Payment : |
5% Additional |
2. Discount on Sum Assured:
Sum Assured |
Discount (Per thousand) |
Rs.5,01,000/- to Rs.25,00,000/- |
Rs.0.50/- |
Rs.25,01,000/- to Rs.50,00,000/- |
Rs.1/- |
Rs.50,01,000/- to Rs.100,00,000/- |
Rs.1.5/- |
Rs.100,01,000/- & above |
Rs.2/- |
During the policy terms, there shall be 5 payments thus creating more liquidity option during the policy periods as well as policy loan is available after one year after paying 2 yearly premiums. The risk of death of insured is covered through the period and whereas premium payment are made for limited terms only. In case of death on single premium, 2.5 times of Sum Assured with an earned bonus payable without reducing the previously paid amount.
Money-back, Payment Schedule & Death Benefit:
Policy Term |
Premium Paying Term |
Survival Benefit (Money Back) |
Maturity Payment |
In case of death within policy Term |
|
12 yrs |
10 yrs or Single |
After 4 years |
30% of Sum Assured |
40% of Sum Assured plus Bonus |
In case of single premium mode – 2.5 times of sum assured with bonus of basic assured,Other payment option- Basic sum assured with bonus |
After 8 years |
30% of Sum Assured |
||||
16yrs |
14 yrs or Single |
After 4 years |
20% of Sum Assured |
40% of Sum Assured plus Bonus |
In case of single premium mode – 2.5 times of sum assured with bonus of basic assured,Other payment option- Basic sum assured with bonus |
After 8 years |
20% of Sum Assured |
||||
After 12 years |
20% of Sum Assured |
||||
20 yrs |
18 yrs or Single |
After 4 years |
15% of Sum Assured |
40% of Sum Assured plus Bonus |
In case of single premium mode – 2.5 times of sum assured with bonus of basic assured,Other payment option- Basic sum assured with bonus |
After 8 years |
15% of Sum Assured |
||||
After 12 years |
15% of Sum Assured |
||||
After 16 years |
15% of Sum Assured |
||||
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ADB/PWB/TPD:[Accident only- Available for Age at entry 16 years and above]. Available for full policy term, equal to sum assured but not more than 100,00,000 by payment of additional premium during premium paying term subject to maximum age of 70 years.