Bima Nivesh 2005 is a plan with compound rate of guaranteed additions and loyalty additions. This is the revised version of our popular Bima Nivesh Plan 2004 and is introduced to meet the overwhelming demand for a single premium plan from our customers. It is a single premium, ideal 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.

Benefits

• 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.
  
• 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.
  
• Maturity Benefit : The Basic Sum Assured along with compounded Guaranteed Additions will be payable. Note : Loyalty addition, if any, will also be added to this benefit.
  
• Payment on death : In case of the unfortunate death of the Life Assured during the term of the policy, Sum Assured along with the accrued guaranteed additions will be payable.
  
• Surrender Value : Surrender value is payable after the policy has run at least for one year.
  
• Riders : Term Assurance rider is available.

Eligibility

	For the Main Plan	Term Assurance Option
Min. Age at entry	13 years completed	18 years completed
Max. Age at entry	70 years	50 years
Max. Maturity Age	75 years	60 years
Policy Term	5 yrs. and 10 yrs	Same as main plan
Sum Assured	Rs.25,000. Maximum – No limit.	Min. Sum Assured - Rs.1,00,000/- Max. Sum Assured - An amount up to the basic Sum Assured for Term Assurance subject to a maximum of Rs.25 lakh overall Option limit, under all policies of the life assured.

Premium Rates:

Single Premium rates for Rs.1000 Sum Assured are Rs.995 for 5 years term and Rs. 976 for 10 years term;

Note:
The Term Rider Premium depends on the age nearer birthday and the term of the policy.

REBATES
1% of basic premium on the premium in excess of Rs.50,000.
Rs.500 plus 1.5% of basic premium on the premium in excess of Rs.1,00,000.

LOAN
Loan will be available to the policyholders under this plan within the Surrender Value.