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Endowment Cum Whole Life Assurance (NabeenAjeewan Jeevan Beema)

March 29, 2018
Endowment Cum Whole Life Assurance (NabeenAjeewan Jeevan Beema)

It’s a simple Endowment Plan where the life insured purchase a policy for a certain period of time. But the risk of life is carried throughout the life of policyholder or till the life assured attains age 100 whichever is less.

On death of life assured during the term of policy FULL SUM ASSURED Plus Bonus Declared and Vested in the policy will be paid. Additional amount of Sum Assured will be paid on death due to accident (optional, with paying additional premium). On survival till the policy term ,  FULL SUM ASSURED Plus Bonus Declared and Vested in the policy will be paid.

Additional amount equal to SUM ASSURED will be paid to the policyholder attaining age 100 OR to the beneficiary on death of life assured at any time after the policy term before age 100, whichever falls earlier.

Features
Minimum Age At Entry : 11 Years
Maximum Age at Entry : 65 years
Minimum Policy Term : 5 years
Maximum Policy Term : 59 years
Maximum Age at Maturity : 70 years
Pay Mode : Yearly, Half Yearly, Quarterly or monthly

Rebate and Overload

Rebate on Pay Mode
Yearly 2 % -Discount
Half Yearly 1 % -Discount
Quarterly NIL
Monthly 5% -Overload
Rebate of Large Sum Assured
200000 to 299000 Rs 1 -Discount
300000 and above Rs 2 -Discount

Optional Benefits (optional benefit available by paying additional premium as per company rule for the policies attaining age 16) 

  1. ADB/PTD/PWB

Optional Benefits by paying additional premium in case of minor life assured. (11 to 14 years of age) 

  1. MIB
  2. PWB
  3. Funeral Expenses
First Policy Issue Date: 22-09-2017