Life is full of uncertainties and we always want to make our life secure and protect our family from future financial burden. It is important to ensure that your family is protected, if something unfortunate happens to you. JyotiLife Endowment Plan is simple and affordable kind of saving plan in which fixed amount of low premium is payable up to certain period of time. This is a perfect way to feel you and your loved ones a lifelong security and comfort.
Plan Features: Criteria
|Minimum Sum Assured||NPR 50,000|
|Maximum Sum Assured||Unlimited||Based on Income|
|Minimum Policy Term||5 Yrs|
|Maximum Policy Term||54 Yrs|
|Minimum Entry Age||16 Yrs|
|Maximum Entry Age||65 Yrs|
|Maximum Maturity Age||70 Yrs|
|Premium Payment Frequency||Yearly, Half Yearly, Quarterly and Monthly|
- 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.
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, following additional benefits can be taken:
1. Accidental Death Benefit (ADB) Only:
This benefit can be taken with payment of 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 of an additional Rs. 2.5 per thousand. Total coverage amount under this benefits will be equal to basic sum assured or Maximum Rs. 50,00,000, whichever is less. In case of death due to accident, an additional benefit equal to basic sum assured is payable to the beneficiary. Due to the accident if insured become total and permanently disabled, an 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 18/35 defined critical illness, lump sum amount equal to basic sum assured or maximum up to Rs. 50,00,000 will be paid to the insured.
Criteria: Min Entry age: 18, Max Entry age: 55, Max policy maturity age: 60, Maximum coverage: Rs. 50,00,000.