Project Description

Last updated on October 25th, 2021 at 10:54 am

First Date of Issuance: 2021-10-17

Reliance Barshik Dhana Barsha Jeevan Beema Yojana

Regular Cash Back with Protection

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Under this plan, the insured will be paid 5% of Sum Assured on an annual basis which ensures regular cashflow and risk coverage at the same time. This plan will assist you to meet your regular cash flow needs and provides you with protection coverage at full sum assured.

Survival Benefits:

1.For 15 Years Policy: Sum Assured + Vested Bonus.

2.For 20 Years Policy: Sum Assured + Vested Bonus + One-Time Additional Benefit equivalent to 10% of Sum Assured.

Death Benefit:

Full Sum Assured along with vested bonus shall be paid to the beneficiary without deducting yearly payouts.

 

Eligibility Criteria:

Minimum Sum Assured                        NPR 100,000

Maximum Sum Assured                      No Limit

Minimum Entry Age                            18 Years

Maximum Entry Age                            55 Years

Maximum Maturity Age                      75 Years

Policy Term                                            15 & 20 Years

Optional Benefits

Accidental Death Benefits (ADB):

On death of the insured due to accident, an additional amount equal to Sum Assured or NPR 1 Crore, whichever is less, is payable to the beneficiary. This benefit is available only on insured attaining an age of 16 years.

Permanent Total Disability (PTD):

On Permanent Total Disability of the insured due to accident, an additional amount equal to Sum Assured or NPR 1 Crore, whichever is less, is payable in monthly installment spread over 120 months. If the remaining term to maturity is less than 120 months, the balance installments is payable in lump sum on maturity or at death, whichever is earlier. This benefit is available only on insured attaining an age of 16 years.

Premium Waiver Benefits (PWB):

On Permanent Total Disability of the insured due to accident, the entire future premiums due subsequent to the date of Total Permanent Disability will be waived.

In case of life insurance of minor, on death of the Proposer during the policy term, the future premium due subsequent to the date of death will be waived till child attains an age of 16 years.