Himalayan Endowment Plan
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. A combined term insurance and savings endowment plan paying the sum assured on maturity or earlier on death.
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 |
|---|---|---|
| 0-9 | Rs 32 | Rs 26 |
| 10-14 | Rs 35 | Rs 31 |
| 15-19 | Rs 42 | Rs 36 |
| 20-24 | Rs 45 | Rs 42 |
| 25+ | Rs 63 | Rs 63 |
Recent years
- FY 2081/82
- Rs 32–63/ 1,000
- FY 2080/81
- Rs 26–63/ 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 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
Terms and conditions
- 1.Loan Facility: 3 years of complete premium paid should be required for getting a Policy holder loan.
- 2. Surrender value, Paid up Value as per policy.
- 3. Policy Mature Benefit: Sum Assured + Accrued Bonus
- 4.Death Benefits: Within Term Period – full Sum Assured + Accrued Bonus up to Term Period during Death.
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, and the policy ends.
Typical for endowment plans — confirm the exact terms in the brochure.
If the policy runs to maturity
You receive the sum assured plus the bonus built up to that date as a lump sum on the maturity date.
Typical for endowment 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 endowment plans — confirm the exact terms in the brochure.
Optional riders
Accidental Death Benefit
Accidental death benefit
Permanent Total Disability Benefit
PTD benefit due to accident
Premium Waiver Benefit
Premium waiver after total permanent disability
Monthly Income Benefit
Monthly income benefit after total permanent disability
Loan & liquidity
- Policy loan
- Available
- 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
What's not covered
- Suicide within first 2 years
- Pre-existing undisclosed conditions
Questions about this plan
What kind of plan is Himalayan Endowment Plan?
Himalayan Endowment Plan from Himalayan Life Insurance is an endowment plan that pairs savings with life cover for a single adult, and suits people who want a guaranteed amount on a fixed future date.
Who can buy Himalayan Endowment Plan?
The entry age for Himalayan Endowment Plan is 18 – 65 years.
How long does Himalayan Endowment Plan run?
The policy term for Himalayan Endowment Plan is Min 5 years to Max 59 years.
How much cover can I take on Himalayan Endowment Plan?
The sum assured available on Himalayan Endowment Plan is From Rs 50,000.
What bonus rate does Himalayan Endowment Plan earn?
For FY 2081/82, Himalayan Life Insurance declared Rs 32–63 / 1,000 of sum assured on Himalayan Endowment Plan. Bonus rates are set each year and are not guaranteed.
Which riders can be added to Himalayan Endowment Plan?
Himalayan Endowment Plan can be taken with the following optional riders: Accidental death (ADB), PTD / PWB. Each rider carries its own premium.
Premium
Quote on request