Collective Endowment Life Insurance for Public Servants
by Rastriya Jeevan Beema Company
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 collective endowment life insurance plan for public servants providing group-level death benefit and maturity payout typical of traditional participating endowment policies.
Declared bonus
Rs 60
per Rs 1,000 sum assured, per year · declared FY 2081/82
Source: Rastriya Jeevan Beema Company 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
- Group protection
- Death and maturity benefits
- Participating plan with bonus potential
Features
- Group coverage designed for public servants
- Provides death benefit and maturity payout
- Traditional participating (bonus/profit) endowment structure
- Can be employer-sponsored
- Multiple premium modes supported (yearly, half-yearly, quarterly, monthly)
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 Collective Endowment Life Insurance for Public Servants?
Collective Endowment Life Insurance for Public Servants from Rastriya Jeevan Beema Company 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 Collective Endowment Life Insurance for Public Servants?
The entry age for Collective Endowment Life Insurance for Public Servants is 18 – 60 years.
What bonus rate does Collective Endowment Life Insurance for Public Servants earn?
For FY 2081/82, Rastriya Jeevan Beema Company declared Rs 60 / 1,000 of sum assured on Collective Endowment Life Insurance for Public Servants. Bonus rates are set each year and are not guaranteed.
Premium
Quote on request