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Nava Ratna

Major Features of

Nava Ratna(Limited Payment Endowment)

Life Insurance Policy


Features of Joint Life Plus(Dampati Surakchha Plus)


1. Name of Life Insurance      : Nava Ratna(Limited Payment Endowment)   Life Insurance Policy

2. Participating/Non participating in Profit  : This policy will participate in profit

3.Minimum Entry Age                   : 11 Years(Single premium paying Life  Insurance Policy will not be issued for                                                                      teenagers below 16 years)

4.Maximum Entry Age                   : 65 Years

5.Maximum Age of Maturity         : 70 Years

6.Policy Term                                 : 5,10,15,20,25 or 30 Years

7.Minimum Sum Assured               : Rs.50,000/-

8.Maxmimum Sum Assured           : Based on the earning/financial condition  of proposer

9. Premium Paying Term           :

Insurance Term  

Premium Paying Term          

5 Years


10 Years

1 or 5 Years

15 Years

1,5, or 10 Years


20 Years

1,5, 10, or 15 Years


25 Years

1,5, 10,15 or 20 Years


30 Years

1,5, 10,15, 20 or 25 Years

10.Premium paying mode               : Yearly, Half Yearly, Quarterly, Salary Saving Scheme(SSS) /Monthly

11. Rebate on the basis of Sum Assured:

Rebate on Large Sum Assured

Sum Assured


From Rs. 1,00,000/- to Rs. 1,99,000/-

Re. 1 per thousand

Rs. 200,000 and above

Rs. 2 per thousand

12. Rebate on the basis of premium payment method:                      



Yearly Payment

2 per cent

Half Yearly Payment

1 per cent

Quarterly or Salary Saving Scheme(SSS)

No discount

Monthly Premium Payment

5 Per cent Additional

13.Terms and Conditions of Payment :

Either survival of the life insured till the of maturity period or death of life insured before the maturity period, Sum assured and bonus will be paid.

14.The below mentioned Optional Rider is available with this policy:

a) Accidental Death Benefit(ADB)

b) Accidental Death Benefit(ADB)+Permanent Total Disable(PTD)

c)Accidental Death Benefit(ADB)+Permanent Total Disable(PTD) and Premium Waiver      


First Policy Issued Date: 29th April 2018

* Terms and Conditions will be applicable.