Himalayan Endowment Plan
EndowmentPopular
Sum assured
Rs 50,000
Premium / yr
On request
Term
5–59 yrs
Entry age
18–65
About this plan
A combined term insurance and savings endowment plan paying the sum assured on maturity or earlier on death.
What's included
Key highlights
- Min Sum Assured: NPR 50,000
- Entry age: 18–65 yrs
- Loan after 3 yrs premiums paid
Features
- Combination of term insurance and savings (endowment)
- Policy term: 5–59 years
- Accidental benefits (ADB/PWB/PTD) up to NPR 10,000,000
- Loan facility after 3 years of full premiums paid
- Maturity benefit: Sum Assured + Accrued Bonus; Surrender and Paid-up available
- Rebates on large sum assured and payment mode
Eligibility & term
- Entry age
- 18 – 65 years
- Policy term
- Min 5 years to Max 59 years
Declared bonus
Rs 18–86 / 1,000
FY 2081/82
Declared range for the fiscal year shown — the exact rate depends on the plan and term. Rates are revised annually and are not guaranteed for future years.
Optional riders
Accidental death (ADB)PTD / PWBCritical illness (CI)
ADB
Accidental Death Benefit
Premium Waiver
Premium waiver rider
Loan & liquidity
- Surrender allowed
- After 3 years
- Surrender value
- 80% of paid premiums
- Loan facility
- Up to 90% of surrender value
- Grace period
- 30 days for annual
Pros & cons
Pros
- Formed from merger of 3 insurers - strong combined capital
- Good maximum bonus rate (Rs 86 per 1000 SA)
- Unified branch network from merged entities
- Competitive premium rates
Cons
- Very low minimum bonus rate (Rs 18) for some products
- Still integrating post-merger (operations since May 2023)
- Brand recognition building phase
- Fewer rider options than competitors
What affects your premium
- Age at entry
- Sum assured
- Policy term
- Product variant selected
How to claim
- 1Contact nearest branch
- 2Submit claim documents
- 3Verification and approval
- 4Settlement to beneficiary
Best for
Capital-security seekersExisting policyholders of merged entitiesMid-range budget
What's not covered
- Suicide within first 2 years
- Pre-existing undisclosed conditions
Other plans from Himalayan Life Insurance
Premium
Quote on request