SuryaJyoti Professional Endowment Insurance Policy

by SuryaJyoti Life Insurance

EndowmentParticipatingCode 15
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. A corporate-targeted long-term endowment life insurance plan providing protection against death and disability during the policy term and a guaranteed maturity benefit with accrued bonuses at the end of the term.

Declared bonus

Rate by policy term

Declared FY 2081/82

Policy termRate / 1,000Prev. year
0-9Rs 40Rs 40
10-14Rs 41Rs 41
15-19Rs 45Rs 45
20-24Rs 54Rs 54
25-29Rs 60Rs 60
30 and aboveRs 70Rs 70

Recent years

FY 2081/82
Rs 40–70/ 1,000
FY 2080/81
Rs 40–70/ 1,000
FY 2079/80
Rs 40–70/ 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

  • Minimum SA NPR 1,500,000
  • Policy term 5–52 years
  • Rider coverage up to NPR 10,000,000 (subject to terms)

Features

  • Minimum Sum Assured NPR 1,500,000
  • Entry age 18–65 years
  • Death benefit: Basic Sum Assured + accrued bonuses
  • Maturity benefit: Basic Sum Assured + accrued bonuses
  • Optional riders: ADB, TPD, Premium Waiver (additional premium)
  • TPD benefit payable in 120 monthly instalments
  • Can be used as security for corporate loans

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 endowment 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 as a lump sum on the maturity date.

    Typical for endowment plans — confirm the exact terms in the brochure.

  3. If death is caused by an accident

    With the accidental death rider, an additional amount is paid on top of the sum assured. The rider is optional and carries its own premium.

    Typical for endowment plans — confirm the exact terms in the brochure.

Optional riders

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

Questions about this plan

What kind of plan is SuryaJyoti Professional Endowment Insurance Policy?

SuryaJyoti Professional Endowment Insurance Policy from SuryaJyoti Life Insurance 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 SuryaJyoti Professional Endowment Insurance Policy?

The entry age for SuryaJyoti Professional Endowment Insurance Policy is 18 – 65 years.

How long does SuryaJyoti Professional Endowment Insurance Policy run?

The policy term for SuryaJyoti Professional Endowment Insurance Policy is Minimum 5 years, Maximum 52 years.

What bonus rate does SuryaJyoti Professional Endowment Insurance Policy earn?

For FY 2081/82, SuryaJyoti Life Insurance declared Rs 20–90 / 1,000 of sum assured on SuryaJyoti Professional Endowment Insurance Policy. Bonus rates are set each year and are not guaranteed.

Which riders can be added to SuryaJyoti Professional Endowment Insurance Policy?

SuryaJyoti Professional Endowment Insurance Policy can be taken with the following optional riders: Accidental death (ADB), PTD / PWB. Each rider carries its own premium.

Premium

Quote on request

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