Traditional 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. National Life traditional participating endowment life insurance plan providing life cover plus long-term savings. Offers maturity benefits with declared bonuses and death benefit payable to nominees.
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
- Death and maturity benefits
- Participating plan with declared bonuses
- Surrender and loan facilities
Features
- Death benefit (sum assured)
- Participating (reversionary) bonuses at maturity
- Surrender value and policy loan facility
- Long-term savings and maturity benefit
- Multiple premium payment mode options supported
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 endowment 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 as a lump sum on the maturity date.
Typical for endowment 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 Traditional Endowment Assurance Plan?
Traditional Endowment Assurance Plan from National Life Insurance Company Limited 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 Traditional Endowment Assurance Plan?
The entry age for Traditional Endowment Assurance Plan is 18 – 60 years.
How long does Traditional Endowment Assurance Plan run?
The policy term for Traditional Endowment Assurance Plan is 10-30 years.
What bonus rate does Traditional Endowment Assurance Plan earn?
For FY 2077/78, National Life Insurance Company Limited declared Rs 64–85 / 1,000 of sum assured on Traditional Endowment Assurance Plan. Bonus rates are set each year and are not guaranteed.
Premium
Quote on request