HimalayanLife Dhan Sagar
Key Features
- Insurance term will be 15 and 20 years
- Premium payment frequency can be chosen as per convenience
- Sum insured can be chosen as per customer’s need
Product Launched On :- 22 May, 2008
Policy Requirements
Minimum Sum AssuredNPR 50,000
Maximum Sum Assured
No limit
Minimum Entry Age
18 Years
Maximum Entry Age
50 Years for 15 Years Term
45 Years for 20 Years Term
Minimum Policy Term
15 Years
Maximum Policy Term
50 Years
Maximum Maturity Age
65Years
Premium Payment Frequency
Yearly, Half Yearly, Quarterly & Monthly
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Benefits
For 15 years plan:
After Completion of 5 years from commencement:
25% of basic sum assured
After Completion of 10 years from commencement:
25% of basic sum assured
After Completion of 15 years from commencement:
(for 15 years term) 50% of basic sum assured plus Vested Bonus
For 20 years plan:
After Completion of 5 years from commencement:
25% of basic sum assured
After Completion of 10 years from commencement:
25% of basic sum assured
After Completion of 15 years from commencement:
25% of basic sum assured
After Completion of 20 years from commencement:
(for 20 years term) 40% of basic sum assured plus Vested Bonus
Death before maturity:
Full Basic Sum Assured plus Vested Bonus
Supplementary Riders
- Accidental Death Benefit (ADB), Total Permanent Disability and Premium Waiver (TPD/PW)
- (Equal to basic sum assured or maximum NPR. 10,000,000 whichever is lower)
- Critical Illness (CI) – This is optional rider coverage which shall be allowed to take our existing policyholders in the condition of medical fitness with effect from the policy anniversary date in all the product portfolio. However, the Company has sole discretion to accept or reject the application. The medical cost shall be borne by an applicant whatsoever. The maximum rider sum assured shall be NPR. 25,00,000 or actual basic sum assured whichever is lower.
- Personal Accident (PA) – This is optional rider coverage which offers immense benefits during the policy period. This rider shall be allowed to take new policy holder as well as existing policy holders with effect from the policy anniversary date by paying additional rider premium. The maximum rider sum assured shall be NPR. 50,00,000 or actual basic sum assured whichever is lower