Nepal Life Insurance Company

​​PRODUCTS WITH FEATURES:

i.     SURAKSHIT JEEVAN BEEMA (Endowment)

  • Under this plan, the sum assured with vested bonuses is payable either on the date of maturity or on earlier death.
  • Minimum Sum Assured allowed is NPR 25,000 and no limit for maximum Sum Assured.
  • Loan under the policy is available after two years to the extent of 90% of Surrender value.
  • Accidental death benefit including premium waiver benefit and permanent total disability benefit (up to the limit of applied sum assured or 5 million, whichever is less) is available from the age of 16 to 65 years on payment of nominal additional premium.

Policy term: 5 years to 54 years
Entry Age: 11 years to 60 years
Maximum age at maturity: 65 years
 

ii.    JEEVAN SAHARA (Whole life Endowment)

  • This plan provides the sum assured along with vested bonuses at the end of the premium paying term, but the risk cover on the life continues till death of the Life assured. Sum assured is payable in case of death of the policy holder after maturity of policy term.
  • Minimum sum assured allowed is NPR 100,000 and no limit for maximum sum assured.
  • Sum assured along with the vested bonus (maturity value) are payable at the time of maturity.
  • Sum assured along with vested bonus is payable on death of the life assured during the premium paying term.
  • Full sum assured is payable to beneficiary at the event of death of insured at any age after maturity.
  • Accidental death benefit (up to the limit of applied sum assured or NPR 5 million, whichever is less) is available from the age of 16 to 70 Years on payment of nominal additional premium. 


Policy term: 5 years to 54 years (Endowment cum Whole Life)
Entry Age: 16 years to 65 years
Maximum age at maturity: 70 years
 

iii.   JEEVAN SARATHI BEEMA (Joint Life Endowment)

  • Under this plan, sum assured with vested bonus will be paid at maturity.
  • Under this plan, risk of both partners will be covered by a single insurance. In case of death of one partner before the maturity date, sum assured will be paid to the living insured partner. Policy will continue till maturity without paying the remaining premium by the living partner, and finally sum assured along with Bonus will be paid to the living partner at the time of maturity.
  • In case of death of both the insured partners before maturity the sum assured along with Bonus will be paid to the nominee.
  • Accidental Benefit is available to both the partners on payment of NPR 2 per thousand. This covers the accidental death risk. If an insured partner dies in accident, additional sum equal to sum assured will be paid to the living partner.
  • This policy can be taken by anyone in the age group
  • Under this plan loan facility is available up to 90% of the surrender value after the policy has completed two years term.
  • Minimum sum assured is NPR. 50,000 and no limit for maximum sum assured depending upon the income sources of lives to be assured.

Policy term: 15 years to 30 years
Entry Age: 18 years to 50 years
Maximum age at maturity: 65 years
 

iv.  KETA-KETI JEEVAN BEEMA (Child Endowment)

  • In this policy, sum assured with vested bonus is payable to insured at maturity.
  • Child having age of 11 years and below can be enrolled into this plan.
  • The Premium Waiver benefit can be enjoyed on payment of nominal additional premium. In this benefit, all due premiums (except last premium) are waived in case of death of proposer. To avail this benefit, age of proposer should not exceed 50 years at the time of entry.
  • Monthly Income Benefit-MIB (MIB sum assured is allowed up to half of the total sum assured). In this benefit, 1 % of MIB sum assured will be paid to insured on monthly basis, up to the age of 18 years of insured in case of death of proposer.
  • Child Risk Cover (CRC) benefit is available on the life of child on one-time payment of nominal additional premium.
  • Minimum sum assured is NPR 50,000 and maximum sum assured is NPR 50,00,000.
  • Maturity age is fixed at the age of 19 of child


 

v.    NAULO JEEVAN SAMBRIDDHI (Anticipated/Money Back)

  • Under this plan, during the policy terms there shall be sum assured payment before the policy maturity at the interval of 4 years from date of policy issue. The risk of death of insured is covered throughout the period whereas premium payments are made for limited terms only.
  • Policy loan availability after one year after paying 2 yearly premiums.
  • Loan is payable under the policy after one year to the extent of 90% of Surrender value.
  • Double Accidental Benefit including Permanent Disability Benefit is available from the age of 16 to 70 years on payment of nominal additional premium.

Policy term: 10, 15, 20 or 25 years
Entry Age: 16 years to 60 years
Maximum age at maturity: 70 years

                     Sum Assured Payment Pattern:
Policy Term Premium Payment Term Pre – payment (Money Back)
10 years 8 years After 4 years
After 8 years
40% of Sum Assured
60% of Sum Assured
15 years 12 years After 4 years
After 8 years
After 12 years
30% of Sum Assured
30% of Sum Assured
40% of Sum Assured
20 years 16 years After 4 years
After 8 years
After 12 years
After 16 years
20% of Sum Assured
20% of Sum Assured
20% of Sum Assured
40% of Sum Assured
25 years 20 years After 4 years
After 8 years
After 12 years
After 16 years
After 20 years
15% of Sum Assured
15% of Sum Assured
15% of Sum Assured
15% of Sum Assured
40% of Sum Assured