Himalayan Jeevan Adhar Insurance Plan - With Profits
In simple terms: you pay a fixed amount each year, and at the end of the term you get your cover amount back together with the bonus the insurer adds along the way. You also receive part of the cover amount at set points during the term, not only at the end. A with-profits life insurance plan providing annual survival payments, maturity benefit (sum assured less prior survival payments plus accrued bonus), and death benefit including accrued bonus. Offers large-sum assured rebate, accidental death and TPD benefits, surrender value, policy loan and tax benefits as per law.
Maturity estimator
Estimated value at maturity
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Declared bonus
Rate by policy term
Declared FY 2081/82
| Policy term | Rate / 1,000 | Prev. year |
|---|---|---|
| 10-14 | Rs 50 | Rs 50 |
| 15-19 | Rs 50 | Rs 50 |
| 20-24 | Rs 50 | Rs 50 |
Recent years
- FY 2081/82
- Rs 50/ 1,000
- FY 2080/81
- Rs 50/ 1,000
Source: Himalayan Life Insurance declaration for FY 2081/82
Bonus rates are declared annually and are not guaranteed. Past rates do not guarantee future rates.
What's included
Key highlights
- Min Sum assured NPR 500,000
- Policy term 10–20 years
- 5% annual survival benefit
- Accidental death benefit up to NPR 10,000,000
Features
- Minimum Sum Assured NPR 500,000
- 5% annual survival (money-back) payment during policy term
- Maturity: Sum Assured less previous survival payments plus accrued bonus
- Death benefit: Sum Assured plus accrued bonus
- Riders available: ADB, MIB, PWB
- Large sum-assured rebate available
- Surrender value and policyholder loan
- Tax benefits as per law
Terms and conditions
- 1. Survival / Maturity Benefit: During the policy term, on survival of the life assured at the end of each policy year provided the policy is inforce, 5% of the Sum Assured is payable to the life assured as survival benefits.
- 2.On survival of the life assured at the end of the policy term provided that policy is in force then Sum Assured minus all the previous survival benefit payments plus Accrued Bonus shall be payable as maturity benefits.
- 3.Death Benefit :Sum Assured and Accured Bonus
- 3.Other facilities:
- a. Surrender Value
- b. Policy holder Loan
- c. Tax benefit As per ITA,058
What happens in each case
Each plan pays out differently depending on what happens during the term. These are the situations that matter for this kind of plan.
If the insured passes away during the term
The nominee receives the sum assured plus the bonus built up to that date. Instalments already paid out along the way are not deducted from this amount.
Typical for money-back plans — confirm the exact terms in the brochure.
Along the way, while the policy is in force
A set share of the sum assured is paid at fixed points during the term. The schedule on this page shows when each instalment falls due.
Typical for money-back plans — confirm the exact terms in the brochure.
If the policy runs to maturity
You receive the balance of the sum assured plus the bonus built up to that date — the part not already paid as instalments.
Typical for money-back plans — confirm the exact terms in the brochure.
If death is caused by an accident
With the accidental death rider, an additional amount is paid on top of the sum assured. The rider is optional and carries its own premium.
Typical for money-back plans — confirm the exact terms in the brochure.
Optional riders
Accidental Death Benefit
Accidental death benefit
Monthly Income Benefit
Monthly income benefit under rider benefits
Premium Waiver Benefit
Premium waiver benefit
Loan & liquidity
- Policy loan
- Available
Questions about this plan
What kind of plan is Himalayan Jeevan Adhar Insurance Plan - With Profits?
Himalayan Jeevan Adhar Insurance Plan - With Profits from Himalayan Life Insurance is a money-back plan that releases part of the sum assured at set points during the term instead of only at the end.
Who can buy Himalayan Jeevan Adhar Insurance Plan - With Profits?
The entry age for Himalayan Jeevan Adhar Insurance Plan - With Profits is 18 – 50 years.
How long does Himalayan Jeevan Adhar Insurance Plan - With Profits run?
The policy term for Himalayan Jeevan Adhar Insurance Plan - With Profits is 10 to 20 years.
How much cover can I take on Himalayan Jeevan Adhar Insurance Plan - With Profits?
The sum assured available on Himalayan Jeevan Adhar Insurance Plan - With Profits is From Rs 5,00,000.
What bonus rate does Himalayan Jeevan Adhar Insurance Plan - With Profits earn?
For FY 2081/82, Himalayan Life Insurance declared Rs 50–50 / 1,000 of sum assured on Himalayan Jeevan Adhar Insurance Plan - With Profits. Bonus rates are set each year and are not guaranteed.
Which riders can be added to Himalayan Jeevan Adhar Insurance Plan - With Profits?
Himalayan Jeevan Adhar Insurance Plan - With Profits can be taken with the following optional riders: Accidental death (ADB), PTD / PWB. Each rider carries its own premium.
Premium
Quote on request