Youth Endowment Assurance Plan

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

Parents/Legal Guardian
Proposer’s Entry Age: 26 – 50 years
Child’s Age: 11 – 17 years
Sum Assured: Nu 50,000 – 500,000
Term: 5 – 40 years
Loan: Eligible after policy acquires paid-up value
Surrender: After 2 years of the premium payment

Benefits

Maturity Benefit of Sum Assured + Bonus
In the event of the proposer’s untimely demise, Premium Waiver plus Sum Assured + Bonus at the end of the term.
50% Tax Refund

Claim Checklists

Maturity Benefit

Original Policy Document / policy closure form
Copy of Citizenship Identity Card
Revenue stamp
Discharge voucher has to be signed & witnessed

Death Claim

Intimation Letter
Claimant’s Statement duly signed by the nominee along with a witness
Certificate by Employer if the deceased was employed
Proof of Death (Death Certificate, a Letter from Ministry of Home & Cultural Affairs, Police or Gup in case of death outside hospital premises)
Copy of Citizenship Identity Card of both the deceased and the nominee
Original Policy Document
Investigation Report in case of very early death claim
In case of accidental death, police report
Discharge voucher has to be signed & witnessed

Surrender

Surrender Form (available @www.ricb.bt)
CID Copy
Original Policy Document / policy closure form
Revenue stamp
Discharge voucher has to be signed & witnessed

Revival

Ordinary Revival Form (available @www.ricb.bt) only if the policy has lapsed for more than 6 months and less than one year.
Health Declaration Form (available @www.ricb.bt) if the policy has lapsed for more than one year

Claim Forms

Maturity Benefit