Youth Endowment Assurance Policy

The most suitable plan any parent can afford for a child. If you feel your beloved boy or girl should settle down with ease in life, Youth Endowment Assurance Plan can help parents realize that dream by saving enough to help your child settle down in life.

Imagine a life of a child who starts saving right after drawing the first paycheck because the parents started an early saving and an investment plan for the child to settle down.

BENEFITS

Protection

Tax Rebate

Premium waiver upon proposer’s death

Sum Assured plus bonus upon maturity & death

Eligibility

• Proposer’s age at entry: 18 years to 60 years.
• Child’s Age: 11 – 17 years
• Sum Assured: Nu 100,000 – 5,000,000
• Policy term: minimum policy term depends on child’s age starting at 5 years and maximum of 25 years.
• Surrender: Conditions apply

Benefits

• Maturity Benefit: Sum Assured plus Guaranteed Additions and Guaranteed Loyalty Additions (if any).
• During total permanent disablement of the proposer future premiums are waived
• In case of passing of Life assured, Sum Assured + Guaranteed Additions will be paid.
• In case of demise of a proposer, Term Rider Benefit is paid, and the future premiums are waived.
• 50% Tax Refund
• Accident benefit available