Asian Sawadhik Plus
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 Sawadhik Plus is an endowment life insurance plan offering simple reversionary and terminal bonuses. Entry age 18–65 years, policy term 5–30 years, minimum sum assured NPR 25,000, and multiple premium payment modes.
Declared bonus
Rate by policy term
Declared FY 2081/82
| Policy term | Rate / 1,000 | Prev. year |
|---|---|---|
| 0-14 | Rs 42 | Rs 45 |
| 15-19 | Rs 46 | Rs 48 |
| 20-24 | Rs 48 | Rs 55 |
| 25 and above | Rs 60 | Rs 62 |
Recent years
- FY 2081/82
- Rs 42–60/ 1,000
- FY 2080/81
- Rs 45–62/ 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
Estimated value at maturity
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What's included
Key highlights
- Simple reversionary and terminal bonuses
- Minimum Sum assured NPR 25,000
- Policy term 5–30 years
- Optional Critical Illness & Accident riders
- Flexible premium payment modes
Features
- Entry age: 18 to 65 years
- Minimum Sum Assured: NPR 25,000
- Bonuses: Simple Reversionary and Terminal Bonus
- Terminal bonus payable for policies inforce at least 10 years
- In case of death of the insured before the expiry date of the insurance policy, the sum assured and the bonus payment as per the rules will be given.
- Rebates for large sum assured (per thousand basis)
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.
If the insured passes away during the term
This plan states: Sum Assured + Simple Reversionary Bonus + Terminal Bonus (if eligible)
If the policy runs to maturity
This plan states: Sum Assured + Bonuses
If death is caused by an accident
This plan states: Available as optional rider
Optional riders
Accidental Death Benefit (ADB)
Additional death benefit paid if death is caused by an accident.
ADB + PTD + Premium Waiver Benefit (PWB)
Covers accidental death, permanent disability and waives remaining premiums.
Critical Illness (CI)
Lump-sum benefit on diagnosis of a specified critical illness.
Loan & liquidity
- Partial withdrawal
- No
What's not covered
- Death or incident occurring on a flight other than a scheduled air service
- Taking part in war or war-related activity
- Death occurring during a crime or an act against the law
- Suicide within two years of the policy start or revival date (as per the policy rules)
- Claims relating to unsound mind (within the specified limits)
Questions about this plan
What kind of plan is Asian Sawadhik Plus?
Asian Sawadhik Plus 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 Asian Sawadhik Plus?
The entry age for Asian Sawadhik Plus is 18 – 65 years.
How long does Asian Sawadhik Plus run?
The policy term for Asian Sawadhik Plus is 5 – 30 years.
How much cover can I take on Asian Sawadhik Plus?
The sum assured available on Asian Sawadhik Plus is From Rs 25,000.
What bonus rate does Asian Sawadhik Plus earn?
For FY 2081/82, Asian Life Insurance declared Rs 42–75 / 1,000 of sum assured on Asian Sawadhik Plus. Bonus rates are set each year and are not guaranteed.
What is paid if the insured passes away during the term?
Sum Assured + Simple Reversionary Bonus + Terminal Bonus (if eligible)
What is paid when Asian Sawadhik Plus matures?
Sum Assured + Bonuses
Which riders can be added to Asian Sawadhik Plus?
Asian Sawadhik Plus 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