December 24, 2011
Bima Nivesh 2005
Bima Nivesh 2005 is a plan with compound rate of guaranteed additions and loyalty additions. This is the revised version of Bima Nivesh Plan 2004. Bima Nivesh 2005 was launched to capitalize over the demand for a single premium plan from our customers. It is a single premium and investment plan for those who have no regular income but good periodical income. Bima Nivesh 2005 is available for terms 5 and 10 years. The guaranteed surrender value is payable after the policy has run for at least one year. Term Assurance Rider is also available by payment of a single premium at the option of the proposer.
Bima Nivesh 2005’s Guaranteed Additions : Guaranteed additions at the compound rate of Rs.50 per thousand Sum Assured per annum for the policy with term of 5 years and at the compound rate of Rs.55 per thousand Sum Assured per annum for the policy with term of 10 years.
Bima Nivesh 2005’s Loyalty Addition : Depending upon the Corporation’s experience with regard to mortality, interest and expenses and based on term of the policy, Loyalty addition, if any, may be declared by the corporation and paid on maturity.
Bima Nivesh 2005’s Maturity Benefit : The Basic Sum Assured along with compounded Guaranteed Additions will be payable.
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