NIA Product Code
NIA/LI002/2064/065/WLP/0024
NIA Approved Date
2064-06-29
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 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
