First Date of Issuance: 2021-10-17
Reliance Barshik Dhana Barsha Jeevan Beema Yojana
Regular Cash Back with Protection
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.
1.For 15 Years Policy: Remaining Sum Assured + Vested Bonus.
2.For 20 Years Policy: Remaining Sum Assured + Vested Bonus + One-Time Additional Benefit equivalent to 10% of Sum Assured.
Full Sum Assured along with vested bonus shall be paid to the beneficiary without deducting yearly payouts.
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
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.