Products JyotiLife Endowment Cum Whole Life Plan

Life insurance provides financial security not only to assured but also to assured’s family as well. This plan is for you and your dependents in the family. JyotiLife Endowment cum Whole Life plan designed to secure life of assured and with the aim to provide the financial protection to the dependent of the assured after maturity. Hence, the life of assured cover for the whole life.

Plan Features: Criteria

Minimum Sum Assured NPR 1,00,000
Maximum Sum Assured Unlimited  Based on Income
Minimum Policy Term 5 Yrs
Maximum Policy Term 49 Yrs
Premium Paying Term Equal to policy term
Minimum Entry Age 16 Yrs
Maximum Entry Age 60 yrs
Maximum Maturity Age 65 Yrs
Premium Payment Frequency Yearly, Half Yearly, Quarterly & Monthly

Basic Benefits:

  • At the time of maturity of policy, Basic Sum Assured with Bonus will be paid to the insured.
  • In case of death before maturity, Basic Sum Assured with Bonus will be paid to the beneficiary of the insured.
  • In case of death after maturity, Basic 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:

This benefit can be taken with payment additional Rs. 1 per thousand. 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 Death Benefit, Accidental Total Permanent Disability, Premium Waiver Benefit – ADB, TPD & PWB:

This benefit can be taken with payment additional Rs. 2.5 per thousand. Total coverage amount under this benefits will be equal to basic sum assured or Rs. 50,00,000, whichever is less. In case of death due to accident, additional benefit equal to basic sum assured is payable to the beneficiary. Due to accident if insured become total and permanently disabled, additional benefit equal to basic sum assured is payable in 120 installments monthly and all future payable premium will be waived.

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.