Endowment Assurance Plan
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. A traditional endowment life insurance plan providing maturity and death benefits with bonuses. Offers flexible policy terms and optional riders.
Declared bonus
Rate by policy term
Declared FY 2077/78
| Policy term | Rate / 1,000 |
|---|---|
| 0-9 | Rs 64 |
| 10-14 | Rs 64 |
| 15-20 | Rs 64 |
| 21-25 | Rs 70 |
| 26-29 | Rs 85 |
| 30 and above | Rs 85 |
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
- Traditional endowment
- Both maturity and death benefits
- Eligible for bonuses
Features
- Maturity benefit: sum assured plus bonus
- Death benefit payable to nominee
- Participating plan — eligible for bonuses
- Policy loan facility
- Optional riders (accident, critical illness, premium waiver)
- Flexible policy and premium paying 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.
Typical for life insurance plans — confirm the exact terms in the brochure.
If the policy runs to maturity
You receive the sum assured plus the bonus built up to that date on the maturity date.
Typical for life insurance plans — confirm the exact terms in the brochure.
Optional riders
Questions about this plan
Who can buy Endowment Assurance Plan?
The entry age for Endowment Assurance Plan is 8 – 60 years.
How long does Endowment Assurance Plan run?
The policy term for Endowment Assurance Plan is 10-30 years.
What bonus rate does Endowment Assurance Plan earn?
For FY 2077/78, National Life Insurance Company Limited declared Rs 64–85 / 1,000 of sum assured on Endowment Assurance Plan. Bonus rates are set each year and are not guaranteed.
Which riders can be added to Endowment Assurance Plan?
Endowment Assurance Plan can be taken with the following optional riders: PTD / PWB, Critical illness (CI). Each rider carries its own premium.
Premium
Quote on request