NIA Product Code
NIA/LI002/2067/068/MBP/0015
NIA Approved Date
2067-04-09
It is a money back plan in a true sense and you get period specified percentage of sum assured during the policy term itself in a perfect proportionate manner. It is profit plan with bonus paid at maturity. Further, if the assured dies within the policy period, full sum assured is paid without deducting any installment which have already been paid. The plan is helpful to cover periodic expenses in the life of the assured.
Policy Benefit on Maturity
Payment as following
| Per thousand Premium Period | ||||||||
| Term Policy | 4 | 7 | 10 | 13 | 16 | 19 | 22 | 25 |
| 7 | 500 | 500 | ||||||
| 10 | 333 | 333 | 334 | |||||
| 13 | 250 | 250 | 250 | 250 | ||||
| 16 | 200 | 200 | 200 | 200 | 200 | |||
| 19 | 166 | 166 | 167 | 167 | 167 | 167 | ||
| 22 | 142 | 143 | 143 | 143 | 143 | 143 | 143 | |
|
25
|
125 | 125 | 125 | 125 | 125 | 125 | 125 | 125 |
Policy Benefit on Death
- On death insured amount and bonus calculated on last premium paid will be paid to nominee
Other Benefits
- By adding Rs.2 per thousand on premium, insured gets premium waive in case of permanent disability due to illness or accident
- Tax save
- Loan and surrender value
