Bachat Amrit Sawadhik Jeevan Beema Yojana

NIA Product Code

NIA/LI002/2071/072/EP/0011

NIA Approved Date

2071-06-22

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

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.

Apply for this plan

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