This is a with profit plan that makes provisions for the family of the Life Assured in event of his early death and also assures a lump sum at a desired age on maturity. It costs moderate premiums, has high liquidity and in savings oriented. This plan is apt for people of all ages and social groups who wish to protect their families from a financial setback that may occur owing to their demise.

This plan is a combination of Endowment Assurance and Whole Life with profit plan. It provides financial protection against death throughout the lifetime of the life assured with the provision of payment of a lump sum at the maturity of the policy to the assured in case of his survival.   Policy Requirements Minimum Entry Age               : 16 Years Maximum Entry Age              : 65 Years Maximum Maturity Age         : 70 Years Minimum Maturity Period      : 5 Years Maximum Maturity period      : 25 Years Minimum Sum Assured          : Rs. 50,000/- Maximum Sum Assured         : Rs. 1,00,00,000/- (According to Income Source) Premium Payment Frequency : Annually, Half Yearly, Quarterly and Monthly Age computation                    : Age next birthday Policy Benefits: Survival benefits: Sum Assured plus bonus earned shall be paid on maturity Death benefits: Sum Assured plus bonus earned shall be paid to the nominee After maturity, Sum Assured shall be provided to the nominee on the death of assured  Rider Benefits: Accidental Death Benefit (ADB) up to Rs. 50,00,000.00 in additional Rs. 1.00 per thousand. Waiver of Premium (WOP) benefit shall be taken in additional Rs. 2.00 per thousand. Other benefits: Paid up and surrender claim shall be provided Loan Facility provided. Tax exemption as per ITA,2058

This scheme provides for specific periodic payments of partial survival benefits during the term of the policy itself so long as the policy holder is alive. It is therefore suitable to meet specified financial requirements needed for occasions like Brata bandha, Academic Graduations etc.   An important feature of plan is that in the event of death at any time within the policy term, the death claim comprises full sum assured without deducting any of the survival benefit amounts, which have already been paid. It is also with profit plan.

Under this Plan, life insurance risk coverage is provided for both husband and wife under single policy. Policy Requirements Insured                                    :  Couple (Husband and Wife) Minimum Entry Age                  : 18 Years Maximum Entry Age                 : 60 Years Maximum Maturity Age             : 65 Years Age computation                      :  Nearest Age (Age nearest Birthday) Minimum Maturity Period          : 5 Years Maximum Maturity Period         : 30 Year Minimum Sum Assured            : Rs. 50,000/- Maximum Sum Assured           : According to income source of Husband and Wife Premium payment frequency    : Yearly, Half Yearly, Quarterly, Monthly From Rs. 200,000.00 Sum Assured Rs. 1 rebate is provided If the age difference between husband & wife is more than 20 years, then  they are not eligible for this plan In this policy, both husband and wife have equal rights Survival Benefits: (Both insured or any one) Sum assured plus bonus earned shall be paid on maturity Death Benefits: On death of any one of insured couple within the Insurance period, sum assured will be paid to living insured. Premium payment shall be waived after the demise of an insured On death of the another insured, the sum assured with earned bonus will be paid to nominated person within the policy term.  Rider Benefits: Accidental Death Benefit (ADB) up to Rs. 2,500,000.00 in additional Rs. 1.00 per thousand. Waiver of Premium (WOP) benefit shall be taken in additional Rs. 2.00 per thousand. Other benefits: Paid up and surrender claim shall be provided Loan Facility provided. Tax exemption as per ITA,2058

Special features: ·         Policy issued under Endowment Life Assurance with profit plan ·         Limited Premium paying term ·         Fewer premiums charged with comparison to other endowment policies ·         Bonus is provided for full term year ·         Tax exemption facility as per Nepal Government rule ·         Rebate on mode of payment which is not available in other plans ·         Rs. 2 per thousand is provided for high sum assured   Policy Requirements ·         Minimum entry age                      : 11 year ·         Maximum entry age                     : 55 year ·         Maximum maturity age                : 70 year ·         Age computation                         : Age Next Birthday ·         Term year                                   : 10 year, 15 year and 20 year ·         Premium paying term year:  For 10 years only 8 year to be paid For 15 years only 12 year to be paid For 20 years only 16 year to be paid ·         Minimum Sum Assured                : Rs. 50,000.00 ·         Maximum Sum Assured               : As per income source ·         Premium Payment Frequency     : Yearly, Half-yearly and Quarterly ·         Accidental Death Benefit             : Sum Assured or maximum up to Rs. 2,500,000.00 ·         Waiver of Premium                      : can be included ·         Rebate on mode of payment:  2% on Annual payment 1% on Half Yearly payment 5% loading on Quarterly (Additional) ·  Rebate on Sum Assured: Rs. 1 per thousand from Rs. 100,000.00 to Rs. 300,000.00 Rs. 2 per thousand above Rs. 300,000.00 Benefits: ·         On maturity: Sum assured and accumulated bonuses are paid ·         In case of death: Sum Assured and accumulated bonuses are paid in case of unfortunate death of the assured during policy period before maturity date Other benefits: ·  Surrender value  : After completion of 2 years and as least 2 full years premium should have been paid from the date of commencement ·  Loan                   : Maximum 90% of the Surrender value (Present Value) Rider benefits:  There will be options to add Accidental Double Benefits (up to Rs. 2,500,000.00 Sum Assured) and Waiver of Premium (WOP) riders of customize the policy as per actual needs.