Products
Citizen Endowment Plus Insurance Plan
This profit plan is the most popular form of life assurance. It provides sum assured along with bonus to assured life at the end of maturity of the policy term or to the beneficiary on untimely demise of the insured person before the maturity term of the policy.
Our Endowment Plus plan offers minimum sum assured from Rs. 50,000. Its unique benefit features are:
(i) Beneficiary will receive double the sum assured on natural death
(ii) Three times the sum assured in case of accidental death.
Features
| Age at Entry | 18 Years to 65 years |
| Maximum Maturity Age | 70 Years |
| Terms of Policy (Years) | 5 Years to 35 years |
| Minimum Sum Assured | NRs. 50,000 |
| Maximum Sum Assured | As per the underwriting guidelines of the Company and basis of the income of the Life assured |
| Premium Paying Term (years) | Same as Policy Term/ Single Pay |
| Premium are payable | During premium paying terms or up to death if earlier. |
| Mode of Premium allowed | Single, Yearly, Half-Yearly and Quarterly |
Riders Available
- ADB (Accidental Death Benefit)
- PTD (Permanent Total Disability)
- PWB (Premium Waiver Benefit)
- MIB (Monthly Income Benefit)
- DSA (Double Sum Assured)
- FE (Funeral Expenses)
- CI (Critical Illness)
Survival Benefit
Sum Assured + Reversionary Bonus Declared and vested in the policy + Terminal Bonus (if any)
Death Benefit
Full Sum Assured+ Reversionary Bonus Declared and vested in the policy + Terminal Bonus (if any)
Loading on mode of payment
| Mode of Payment | Load |
| Quarterly | 2% |
| Half Yearly | 1% |
Issued Date: 19.10.2017
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