IME Money Back Cum Whole Life Plan (IME Kalpandhan)

IME Kalpa dhan

आई.एम.ई. कल्पधन जीवन बीमालेख

IME Money Back Cum Whole Life Plan (IME Kalpadhan)

This plan offers comprehensive life insurance coverage, ensuring that your loved ones are financially protected in case of an unfortunate event. It provides a predefined percentage of sum assured at predefined time intervals during the policy term. Further this plan provides coverage for lifetime.

Key Features

Minimum Face Amount/Basic Sum Assured: NPR.50,000/-
Maximum Face Amount/Basic Sum Assured: No Limit (Subject to Underwriting)
Minimum Entry Age: 18 Years
Maximum Entry Age: 60, 58, 55, 50, 45 Years for Money Back term of 10, 12, 15, 20, 25 Years Respectively)
Policy Term: 10, 12, 15, 20, 25 Years
Premium Paying Term: Single and 10, 12, 15, 20, 25 Years.
Premium Pay Mode: Yearly/ Half-Yearly/ Quarterly/ Single

Benefits

• On Death of Policyholder during the policy term, Full Sum Assured Plus Vested Bonus, if any, will be paid to nominee/beneficiary.

• On Survival

Money Back Term	Benefit as percentage of Sum Assured on Survival to (Years from Doc)
10 Years	30% SA in 3rd Year	20% SA in 6th Year	50% SA + Vested Bonus in 10th Year	–
12 Years	20% SA in 3rd Year	20% SA in 6th Year	20% SA in 9th Year	40% SA + Vested Bonus in 12th Year
15 Years	20% SA in 4th Year	20% SA in 8th Year	20% SA in 12th Year	40% SA + Vested Bonus in 15th Year
20 Years	20% SA in 5th Year	20% SA in 10th Year	20% SA in 15th Year	40% SA + Vested Bonus in 20th Year
25 Years	20% SA in 6th Year	20% SA in 12th Year	20% SA in 18th Year	40% SA + Vested Bonus in 25th Year

• On Death of Policyholder post Maturity, Full Sum Assured will be paid to nominee/beneficiary without deducting any survival benefits already paid.

• On Survival of Policyholder to 100 years, Full Sum Assured will be paid to nominee/beneficiary.

• Loan Facility: After the policy acquires Surrender Value.

• Tax Benefits.

Additional Rider Benefits (Optional Riders)

Accidental Death Benefit: For additional premium, on the event of death of the life assured during the rider policy term due to accident before age 70 years, an additional sum equal to the Rider Sum Assured of this rider will be paid.
Income Benefit (IB): In the event of permanent total disability of life assured due to any cause (sickness or accident) during policy term, a regular Monthly Income Benefit of 1.0% or 1.5% or 2.0% or 3.0% of Rider Sum Assured (as mentioned in policy schedule of policy taken), OR, Quarterly Income Benefit (QIB) 3.0% or 4.5% or 6.0% or 9.0% of Rider Sum Assured (as mentioned in policy schedule of policy taken) will be paid on every monthly/quarterly date of anniversary of the rider from the date of disability of the life assured up to the end of the rider term (policy maturity).
Lump-Sum Benefit: In the event of permanent total disability of life assured due to any cause (sickness or accident) during policy term, a lump-sum amount equal to Rider Sum Assured will be payable.
Premium Waiver Benefit (PWB): On the event of permanent total disability of the life assured due to any cause (accident or sickness) during the policy term to which the rider is attached, all future premiums payable under the base policy equal to Sum Assured of this rider shall be waived.
Funeral Expenses: On the event of death of life assured during the policy term to which the rider is attached, lump sum amount equal to 25% of Sum assured or 200,000 whichever is less will be paid immediately.
Critical Illness Rider (CI): Upon, life assured, being diagnosed with onset of any of the listed 21 Critical Illness during the term of policy, a lump sum amount equivalent to the Sum Assured of the rider will be paid. Sum Assured of CI rider is maximum Rs. 5,000,000/- or Basic SA or as determined by Underwriting Guidelines.
*Terms and conditions apply.

The benefits and coverage provided under this plan are determined by the terms and conditions outlined in the policy and rider documents. In the event of any dispute arising under this policy, resolution will be in accordance with the provisions of the Insurance Act of 2079.

First Policy Issue Date: 2018-06-03