Bal Amrit 4 Endowment Policy
by National Life Insurance Company Limited
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. If you are ever unable to keep paying, the plan carries on by itself and your child still receives the full amount when the term ends. National Life's Bal Amrit 4 Endowment Policy — a child-focused endowment plan providing savings with life cover for children.
Declared bonus
Rate by policy term
Declared FY 2081/82
| Policy term | Rate / 1,000 | Prev. year |
|---|---|---|
| 5-14 | Rs 60 | — |
| 15-20 | Rs 60 | Rs 64 |
Recent years
- FY 2081/82
- Rs 60/ 1,000
- FY 2080/81
- Rs 64–85/ 1,000
- FY 2079/80
- Rs 64–85/ 1,000
- FY 2078/79
- Rs 64–85/ 1,000
- FY 2077/78
- Rs 64–85/ 1,000
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
- Child targeted plan
- Participating (bonus) endowment
- Long-term savings + protection
Features
- Child-focused endowment plan
- Maturity benefit (expected) with life cover
- Participating plan (bonus expected) — typical of traditional endowments
- Paid-up / surrender / loan options subject to company terms
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
The nominee receives the sum assured plus the bonus built up to that date, and the policy ends. Most child plans are written on the parent's life, so see the next case for how the child is protected.
Typical for child plans — confirm the exact terms in the brochure.
If the parent or guardian passes away
Future premiums are waived and the policy continues on its own. The child still receives the full maturity amount at the set age. Many child plans also pay the child a regular income until then — the brochure states the rate.
Typical for child plans — confirm the exact terms in the brochure.
If the policy runs to maturity
The child receives the sum assured plus the bonus built up to that date, timed to the age set when the policy was taken out.
Typical for child plans — confirm the exact terms in the brochure.
Optional riders
No optional riders are attached to this plan.
Questions about this plan
What kind of plan is Bal Amrit 4 Endowment Policy?
Bal Amrit 4 Endowment Policy from National Life Insurance Company Limited is a child plan that is taken out by a parent or guardian to fund a child's education and future.
Who can buy Bal Amrit 4 Endowment Policy?
The entry age for Bal Amrit 4 Endowment Policy is 20 – 50 years.
How long does Bal Amrit 4 Endowment Policy run?
The policy term for Bal Amrit 4 Endowment Policy is 5-20.
What bonus rate does Bal Amrit 4 Endowment Policy earn?
For FY 2081/82, National Life Insurance Company Limited declared Rs 60–60 / 1,000 of sum assured on Bal Amrit 4 Endowment Policy. Bonus rates are set each year and are not guaranteed.
Premium
Quote on request