IME Big Endowment Plan

The Big Endowment Assurance Policy with Profit provides life insurance protection and long-term savings benefits. It pays the Sum Assured along with the vested Bonus and accrued Loyalty Bonus to the Life Assured on maturity or to the beneficiary in the event of the Life Assured’s death during the Policy Term, subject to the terms and conditions of the Policy.

Key Features:

• Minimum Sum Assured: NPR.25,000/-
• Maximum Sum Assured: No Limit (As per Underwriting)
• Minimum Entry Age: 18 Years (Age Last Birthday)
• Maximum Entry Age: 60 Years (Age Nearest Birthday)
• Minimum Policy Term: 10 Years
• Maximum Policy Term: 25 Years
• Maximum Maturity Age: 28 Years

• Maximum Maturity Age: 70 Years
• Premium Pay Mode: Single/Yearly/ Half-Yearly/ Quarterly

Benefits:

• On the survival of the Life Assured to the policy maturity date, the sum assured along with the earned bonus and loyalty bonus will be paid in a lump sum, subject to the terms and conditions of the policy. 
• In the event of death of the Life Assured before the policy maturity date, the sum assured along with the earned bonus and loyalty bonus will be paid in a lump sum, subject to the terms and conditions of the policy.
• In the case of the Loyalty Bonus, the Loyalty Bonus rate as determined by the Company shall accrue annually , provided that the  Policy remains in force, the accumulated loyalty bonus shall be payable only upon the death of the Life Assured or upon maturity of the Policy.

• Loan facility: After the policy acquires surrender value.
• Tax Benefits.

Additional Rider Benefits (Optional Riders)

1. Accidental Death Benefit (ADB): In 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.
2. 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.
3. 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) shall be payable on each monthly/quarterly date of policy anniversary, commencing  from the date of disability of the life assured up to the end of the rider term of the policy maturity date whichever occurs earlier.
4. Lump-Sum Benefit (LSB) : 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 this Rider Sum Assured shall be payable.
5. Funeral Expenses (FE): 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.

*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  2079.

Product Details