Products JyotiLife Money Back Policy

Life Insurance helps to ensure the economic security and gives the best long term saving option. JyotiLife Money Back Plan or Dhan Lav Jeevan Beema ensures better benefits and periodic returns of sum assured which helps to meet out the financial needs. The unique feature of the plan is that Jyoti Life pays the face amount in periodic installments.

Plan Features: Criteria

Minimum Sum Assured NPR 50,000
Maximum Sum Assured Unlimited (Based On Income)
Policy Term 12/15/20 Yrs
Premium Paying Term Equal to policy term
Minimum Entry Age 16 Yrs
Maximum Entry Age 58 Yrs (for 12 Yrs Policy Term)

55 Yrs (for 15 Yrs Policy Term)

50 Yrs (for 20 Yrs Policy Term)

Maximum Maturity Age 70 Yrs
Premium Payment Frequency Yearly, Half Yearly, Quarterly & Monthly

Basic Benefits:

Fixed percentage of sum assured will be refunded in following manner:

                                                                           (Money Back)
Policy Term 4th Year of Policy 5th Year of Policy 8th Year of Policy 10th Year of Policy 12th Year of Policy 15th Year of Policy 20th Year of Policy
12 25% of Sum Assured 25% of Sum Assured 50% of Sum Assured + Bonus
15 25% of Sum Assured 25% of Sum Assured 50% of Sum Assured + Bonus
20 25% of Sum Assured 25% of Sum Assured 25% of Sum Assured 40% of Sum Assured+ Bonus

In case of death before maturity, Basic Sum assured with Bonus will be paid to the beneficiary of the insured. No deduction is made for the installments already paid. You are insured for the full amount till the last day.

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 instalments 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