Products Jyoti Single and Limited Period Endowment Plan

Under this plan, the premium for entire policy term can be paid as single payment or for certain limited period.

At the time of maturity of policy or in case of unfortunate death of life assured, lump sum payment of insured sum assured with bonus will be paid to the beneficiary.

Under Option 2 of this plan,  in case of unfortunate death of life assured, lump sum payment of insured sum assured with bonus will be paid to the beneficiary plus at the maturity period basic sum assured will be paid to beneficiary as additional benefit.

Plan Features: Criteria

Minimum Sum Assured NPR 50,000
Maximum Sum Assured No limit (based on income)
Minimum Entry Age 16
Maximum Entry Age 65
Maximum Maturity Age 70
Policy Term Premium Paying Term
5 Single
10 Single or 5 Years
15 Single or 5 Years or 10 Years
20 Single or 5 Years or 10 Years or 15 Years
25 Single or 5 Years or 10 Years or 15 Years  or 20 Years

Basic Benefits:

  1. Option 1 Benefits:
    1. If insured is alive till the Maturity of Policy, Basic Sum Assured plus Bonus will be paid to the insured.
    2. If insured die during the policy term, Basic Sum Assured plus Bonus will be paid to the beneficiary of the insured.
  1. Option 2 Benefits:
    1. If insured is alive till the Maturity of Policy, Basic Sum Assured plus Bonus will be paid to the insured.
    2. If insured die during the policy term, Basic Sum Assured plus Bonus will be paid to the beneficiary of the insured. In addition, at the time of Maturity of Policy additional benefit equal to sum assured will be paid to the beneficiary of the insured.

Insurance Premium:

Insurance Premium is to be determined based on age of insured, policy term and requested coverage amount.

Optional Benefits (Rider Benefits):

With payment of additional premium, follow additional benefits can be taken:

  1. Accidental Death Benefit (ADB) Only : In case of death due to accident, additional benefit equal to basic sum assured or maximum Rs. 50,00,000 whichever is less is payable to the beneficiary of assured.
  2. Accidental Total Permanent Disability Benefit – A-TPD: Total coverage amount under this benefits will be equal to basic sum assured or Rs. 50,00,000, whichever is less. Due to accident if insured become total and permanently disabled, additional benefit equal to basic sum assured is payable in 120 monthly installments.
  3. Critical Illness Benefit: In case life assured is diagnosed with mentioned 11 defined critical illness, lump sum amount equal to basic sum assured or maximum up to Rs. 10,00,000 will be paid to the insured.

Criteria: Min Entry age: 18, Max Entry age: 55, Max policy maturity age: 60, Maximum coverage: Rs. 10,00,000.

Covered Critical Illness: Major Cancers, Kidneys Failure (End Stage Renal Failure), Primary Pulmonary Arterial Hypertension, Multiple Sclerosis with persisting symptoms, Major Organ Transplant, Coronary artery by-pass graft, Surgery to Aorta, Heart Valve Surgery (Replacement or Repair of Heart Valves), Stroke Resulting in Permanent Symptom, Myocardial Infraction (First Heart Attack) of Specified Severity, Coma.