Surya Endowment Plan With Bonus

This plan has two purpose, namely compulsory saving and financial help to family after untoward contingency. Not only that, the life assured can also take advantage of contractual amount (sum assured) and vested bonus after the term of the policy is complete during his life time. The plan has got provisions for nomination as well. This plan has got additional benefit of accidental double benefit, permanent total disability benefit and premium waiver benefit after paying some additional premium. The salient features of the plan are as follows:

  • Minimum Age at Entry: 16 Years (Last Birthday)
  • Maximum Age at Entry: 60 Years (Last Birthday)
  • Minimum Premium Paying Term: 05 Years
  • Maximum Premium Paying Term: 50 Years
  • Maximum Age at Maturity: 70 Years (Last Birthday)
  • Minimum Sum Assured: NRs.25,000/-
  • Sum Assured to be in the multiples of: NRs.10,000/-
  • Maximum Sum Assured: On the basis of income statement
  • Mode of Premium Payment: Yearly,Half yearly,Quarterly
  • Riders with Additional Premium: ADB, ADB+PTD+PWB
  • Term of Insurance: 5 Years to 54 Years
Accidental Double Benefit (ADB)

In case of death of life assured the company shall pay the double the sum assured to the nominee of life assured, if the life assured has taken this riders along with policy plan, as per conditions, after paying premium at the rate of Re 1/-per annum per thousand.
Accidental Double Benefit (ADB), Permanent Total Disability (PTD) and Premium Waiver Benefit (PWB):

This rider is available after paying additional premium of Rs. 2/- per thousand per year in which the benefit of total disability and premium waiver after accident, if permanent disability has set in are given. If the life assured dies out of accident, then double the sum assured is paid to nominee.

The conditions are as follows:
  • Maximum sum assured for both of these riders is NRs. 30,00,000/- or basic sum assured which ever is lower.
  • Maximum age of life assured, under both these riders, up to which benefits of riders are available is age                 60(last birthday).
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