Bhavishya Nidhi (Option1: Golden Option)

by Asian Life Insurance

EndowmentParticipatingCode 27
5.2% market share100.0% claims settledEst. 2008

In simple terms: you pay a fixed amount each year, and at the end of the term you get your cover amount back together with the bonus the insurer adds along the way. Asian Life's Bhavishya Nidhi is an endowment life insurance plan. Minimum sum assured NPR 100,000. Two benefit options (Golden and Diamond) determine death benefit multiples; maturity benefit and company bonus payable as per rules.

Declared bonus

Rate by policy term

Declared FY 2081/82

Policy termRate / 1,000Prev. year
0-14Rs 44Rs 44
15-19Rs 44Rs 44
20-24Rs 46Rs 46
25 and aboveRs 55Rs 55

Recent years

FY 2081/82
Rs 44–55/ 1,000
FY 2080/81
Rs 44–55/ 1,000
FY 2079/80
Rs 45–65/ 1,000

Source: Asian Life Insurance declaration for FY 2081/82

Bonus rates are declared annually and are not guaranteed. Past rates do not guarantee future rates.

Maturity estimator

Rs
Rs 1.00 lakhRs 2.00 crore
years

Estimated value at maturity

What's included

Key highlights

  • Min Sum assured NPR 100,000
  • Golden & Diamond options
  • Optional ADB / PTD / Premium Waiver / Critical Care

Features

  • Minimum sum assured NPR 100,000
  • Premium payment term 5–30 years
  • Two benefit options: Golden and Diamond (different death benefit multiples)
  • Option 1 (Golden Option):
  • a) Sum Assured in case of death of the insured within 3 years from the insurance commencement date
  • b) 150 (one hundred and fifty) percent of the sum insured in case of death of the insured after 3 years from the insurance commencement date.
  • Maturity: sum assured plus bonus paid as lump sum

What happens in each case

Each plan pays out differently depending on what happens during the term. These are the situations that matter for this kind of plan.

  1. If the insured passes away during the term

    The nominee receives the sum assured plus the bonus built up to that date, and the policy ends.

    Typical for endowment plans — confirm the exact terms in the brochure.

  2. If the policy runs to maturity

    This plan states: Sum Assured + Bonus as per company rules

  3. If death is caused by an accident

    With the accidental death rider, an additional amount is paid on top of the sum assured. The rider is optional and carries its own premium.

    Typical for endowment plans — confirm the exact terms in the brochure.

Optional riders

Accidental death (ADB)PTD / PWBCritical illness (CI)
  • Accidental Death Benefit (ADB)

    Optional accidental death benefit rider

  • Permanent Total Disability (PTD)

    Optional permanent total disability benefit

  • Premium Waiver Benefit (PWB)

    Optional premium waiver rider

  • Asian Critical Care (Critical Care)

    Optional critical care rider

Loan & liquidity

Partial withdrawal
No

What's not covered

  • Payment limited to the paid-up value where the policy provides only for the paid-up value on death
  • Flights other than travel as a ticketed passenger on a scheduled air service
  • Taking part in war or war-like operations (whether or not war is declared)
  • Breach of civil or military law
  • Suicide within two years of the policy commencement or revival date (whether sane or insane) — payout limited

Questions about this plan

What kind of plan is Bhavishya Nidhi (Option1: Golden Option)?

Bhavishya Nidhi (Option1: Golden Option) from Asian Life Insurance is an endowment plan that pairs savings with life cover for a single adult, and suits people who want a guaranteed amount on a fixed future date.

Who can buy Bhavishya Nidhi (Option1: Golden Option)?

The entry age for Bhavishya Nidhi (Option1: Golden Option) is 18 – 65 years.

How long does Bhavishya Nidhi (Option1: Golden Option) run?

The policy term for Bhavishya Nidhi (Option1: Golden Option) is 5 – 30 years.

How much cover can I take on Bhavishya Nidhi (Option1: Golden Option)?

The sum assured available on Bhavishya Nidhi (Option1: Golden Option) is From Rs 1,00,000.

What bonus rate does Bhavishya Nidhi (Option1: Golden Option) earn?

For FY 2081/82, Asian Life Insurance declared Rs 42–75 / 1,000 of sum assured on Bhavishya Nidhi (Option1: Golden Option). Bonus rates are set each year and are not guaranteed.

What is paid when Bhavishya Nidhi (Option1: Golden Option) matures?

Sum Assured + Bonus as per company rules

Which riders can be added to Bhavishya Nidhi (Option1: Golden Option)?

Bhavishya Nidhi (Option1: Golden Option) can be taken with the following optional riders: Accidental death (ADB), PTD / PWB, Critical illness (CI). Each rider carries its own premium.

Premium

Quote on request

Get quote