SuryaJyoti Yekal-Simit Awadhi Bhuktani Jeevan Beema - Limited/Single plan

by SuryaJyoti Life Insurance

OtherParticipating
6.2% market share100.0% claims settledEst. 2022

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. Under this plan the premium for the entire policy term can be paid as a single payment or for a limited term. At maturity or in case of unfortunate death, the basic sum assured plus declared bonus is paid as a lump sum. Under Option 2, in addition to death benefits, an additional basic sum assured is payable at maturity.

Declared bonus

Rate by policy term

Declared FY 2081/82

Policy termRate / 1,000Prev. year
0-9Rs 43Rs 43
10-14Rs 45Rs 45
15-19Rs 50Rs 50
20-24Rs 55Rs 55
25-29Rs 75Rs 75
30 and aboveRs 75Rs 75

Recent years

FY 2081/82
Rs 43–75/ 1,000
FY 2080/81
Rs 43–75/ 1,000
FY 2079/80
Rs 43–75/ 1,000

Source: SuryaJyoti 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

Rs
Rs 1.00 lakhRs 2.00 crore
years

Estimated value at maturity

What's included

Key highlights

  • Single/limited premium payment
  • Maturity/death benefit with bonus (lump sum)
  • Option 2 adds an extra sum assured at maturity

Features

  • Single or limited premium payment options
  • Maturity or death benefit: Basic Sum Assured + Bonus (lump sum)
  • Option 2: additional basic sum assured payable at maturity
  • Policy terms available: 5, 10, 15, 20, 25 years

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.

  1. 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.

  2. 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

Accidental death (ADB)PTD / PWBCritical illness (CI)

No optional riders are attached to this plan.

Questions about this plan

Who can buy SuryaJyoti Yekal-Simit Awadhi Bhuktani Jeevan Beema - Limited/Single plan?

The entry age for SuryaJyoti Yekal-Simit Awadhi Bhuktani Jeevan Beema - Limited/Single plan is 18 – 65 years.

How long does SuryaJyoti Yekal-Simit Awadhi Bhuktani Jeevan Beema - Limited/Single plan run?

The policy term for SuryaJyoti Yekal-Simit Awadhi Bhuktani Jeevan Beema - Limited/Single plan is 5, 10, 15, 20, 25 years.

What bonus rate does SuryaJyoti Yekal-Simit Awadhi Bhuktani Jeevan Beema - Limited/Single plan earn?

For FY 2081/82, SuryaJyoti Life Insurance declared Rs 20–90 / 1,000 of sum assured on SuryaJyoti Yekal-Simit Awadhi Bhuktani Jeevan Beema - Limited/Single plan. Bonus rates are set each year and are not guaranteed.

Premium

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