Project Description

Reliance Barshik Dhana Barsa Jeevan Beema Yojana

First Date of Issuance:
2021-09-03

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

Maturity Benefits:

Sum Assured & Extra Benefits (as illustrated below) + Vested Bonus

Policy Term (Years) Percentage of Sum Assured (%)
15 0%
20 10%

Death Benefits:

Full Sum Assured along with bonuses declared and vested shall be paid to the beneficiary.

Eligibility Criteria:

Minimum Sum Assured:   NPR 100,000

Maximum Sum Assured:   No Limit

Minimum Entry Age:         16 Years

Maximum Entry Age:         55 Years

Minimum Policy Term:     15 Years

Maximum Policy Term :   20 Years

Maximum Maturity Age:   75 Years

Policy Term:                         15,20

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.