Reliable Endowment and Whole Life Insurance

Reliable Endowment and Whole Life Insurance policy is an insurance plan which returns twice the insured amount plus bonus. It can be purchased for a fixed period of time by paying the regular installment premium on yearly/half yearly/quarterly/monthly basis.

Features:
Minimum Insured Amount : Nrs. 100,000
Maximum Insured Amount : Depends upon income of customer
Minimum Age at Entry : 18 years (Nearest Birthday)
Maximum Age at Entry : 65 years (Nearest Birthday)
Policy Term : 5 to 54 years

Benefits:
Death Benefit:
On death of policy holder during policy term Insured Amount plus accrued bonus will be paid to the nominee/beneficiary

Maturity Benefit:
On maturity policy holder receives Insured Amount plus accrued bonus till maturity and again Insured amount will be paid to the nominee at the time of death.
This policy will return the Insured Amount two times plus bonus.

Optional Benefits:
Accidental Death Benefit : In case of death of the policy holder during the term of the policy due to accident the nominee gets Insured amount plus accidental death benefit amount plus accrued bonus.

Permanent Total Disability Benefit : If a policy holder becomes permanently disable due to accident or sickness then the policy holder will received a sum equal to the Insured amount and policy will remain continue till maturity by paying the premium by the policy holder. On maturity policy holder will again receive the insured amount plus bonus.

Premium Waiver Benefit : If a policy holder becomes permanently disable due to accident or sickness then all the future premium will be waived. On maturity the policy holder will receive the Insured amount plus accrued bonus without paying any installment from the date of disability.

Critical Illness Benefit:

This benefit should be purchased along with another life insurance plan. This offers protection to policyholder in case of illness. If the policy holder is diagnosed with a specific critical illness during the policy term, a sum equal to the Insured Amount of this benefit will be paid to the policy holder. The amount will be paid only one time during the policy period.

Features:

Minimum Insured Amount: Nrs. 50,000 Maximum Insured Amount: Nrs. 1,00,00,000 Minimum Age at Entry : 18 year (Last Birthday) Maximum Age at Entry : 60 years (Last Birthday) Maximum Age at Maturity : 65 years (Last Birthday) Policy Term : 5 to 20 years

Waiting Period:

A waiting period of 90 days shall be applicable under this benefit from the date of inception or reinstatement. No claim shall be paid.

Survival Period:

A survival period of 30 days is applicable from the diagnosis of Critical Illness.

Payment Mode:

Yearly, Half Yearly, Quarterly and Monthly

Critical Illness covered:

• Cancer (All Types of Cancer)
• Kidney Failure (End Stage Renal Failure)
• Primary Pulmonary Arterial Hypertension
• Multiple Sclerosis
• Major Organ Transplant
• Coronary Artery By-Pass graft (with surgery to divide  the breastbone)
• Surgery to Aorta
• Heart Valve Surgery
• Stroke
• Myocardial infraction (First Heart Attack)
• Coma
• Total Blindness
• Paralysis
• Benign Brain Tumour
• Mental Illness caused due to accident (Traumatic)

Underwriting Requirements:

For applicants above 50 years, following medical examinations are needed for the issuance of rider.

• General Medical Examination
• ECG with 12 leads
• 6^th PA view chest x ray
• Urine test

Hospitalization Cash Benefit:

This benefit should be purchased along with another life insurance plan. This provides the cash benefit to the policy holder to cover hospitalization expense due to accident during the policy term.

Benefits:

The benefit is payable to the policy holder in the event of being hospitalized for surgery or admitted to an Intensive Care Unit (ICU) due to accident. The length of stay should be minimum 72 hours and hospitalization should be within 24 hours of accident causing bodily injury.

Cash benefit of  of Insured Amount per day of hospitalization will be provided to the policy holder subject to maximum of 365 days per accident.

Features:

Minimum Insured Amount: Nrs. 50,000 Maximum Insured Amount: Nrs. 1,00,00,000 Minimum Age at Entry : 18 year (Last Birthday) Maximum Age at Entry : 55 years (Last Birthday) Maximum Age at Maturity : 60 years (Last Birthday) Policy Term : 5 to 20 years

First Policy Issue Date : 2074-11-03

Bonus Rate