Product Launch Date: 04/08/2015

We all strive to provide “The Best” to our family to accomplish their dreams and aspirations and to ensure happiness at every stage of life. Sometimes we may have to say “No” due to financial constraints; wouldn’t it be great if we never had to say “No”?

To support you in achieving the dreams and aspirations of your family, Nepal Life Insurance presents Limited payment Money back plan a savings and protection plan that provides lump sum payouts at regular intervals to meet your interim financial requirements and provide the best for your family, while maintaining full risk cover for the entire period.

 SALIENT FEATURES:

1. Age at Entry : 16 years to 58 years
2. Maximum Maturity Age : 70 years
3. Terms of Policy : 12 years to 20 years
4. Minimum Sum Assured: NRs. 50,000
5. Maximum Sum Assured: Depending Upon Source of Income
6. Premium Payment Mode: Single, Yearly, Half-Yearly, Quarterly and Monthly
7. ADB/PWB/PTD: Accident only - Available for Age at entry 16 years and above]. Available for full policy term, equal to sum assured but not more than 50,000,000 by payment of additional premium during premium paying term subject to maximum age of 70 years.
8.  Policy loan shall be available after the policy acquires paid-up/surrender value. Policy Loan shall be maximum of 90% of the surrender value.

Basic Benefits:

• Money back at regular intervals.
• On maturity, bonus declared and vested in the policy plus 40% of Sum Assured will be paid.
• In case of the death of the life insured before maturity, death benefit equal to 2.5 times of basic Sum Assured in case of single payment mode, basic sum assured only in case of other payment mode plus bonuses declared and vested in the policy as on the date of death; without deduction of survival benefits already paid as per below

Money-back, Payment Schedule & Death Benefit under Jeevan Unnati:

 Optional Benefits (Rider Benefits):

With payment of additional premium, following additional benefits can be taken:

1. Accidental Death Benefit (ADB) Only:

This is a rider benefit which offers protection on occurrence of death of the policyholder due to accident.  It can be taken with payment of additional nominal premium. In case of death due to accident, additional benefit equal to basic sum assured or maximum Rs. 1,00,00,000 whichever is less is payable to the beneficiary of assured.

2. Accidental Death Benefit, Accidental Total Permanent Disability, Premium Waiver Benefit – ADB, TPD & PWB:

This is a rider benefit which offers protection on occurrence of death or disability of the policyholder due to accident. This rider is to be offered as a package along with premium waiver rider.  It can be taken with payment of an additional nominal premium per thousand. Total coverage amount under this benefits will be equal to basic sum assured or Maximum Rs. 1,00,00,000/- whichever is less. In case of permanent and total disability of the policyholder during the policy term caused by an accident the Rider Sum Assured will be paid to the policyholder in 120 equal monthly instalments and all future payable premium will be waived.

3. Critical Illness Benefit:

This is a Rider benefit. If the  life assured is diagnosed with specific illness defined under this rider during the policy term, lump sum amount equal to basic sum assured or maximum up to Rs. 50,00,000 will be paid to the insured. Undermentioned criteria  should be followed to have  Critical Illness ;

Entry age:  Minimum 18, Maximum : 65,  Policy maturity age: 70, Coverage: Minimum Rs.50, 000 ,Maximum : Rs. 50,00,000 , Policy Term : Minimum 5 Years to Maximum 20 years .