Himalayan Jeevan Upahar
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. Himalayan Jeevan Upahar is a money-back cum endowment life plan that issues an equal endowment 'Upahar' policy at the first anniversary at no cost. At maturity the product pays combined benefits of the base and Upahar policies along with earned bonuses.
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 |
|---|---|---|
| 15 | Rs 37 | Rs 31 |
| 16 | Rs 52 | Rs 48 |
Recent years
- FY 2081/82
- Rs 37–52/ 1,000
- FY 2080/81
- Rs 31–48/ 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
- Free Upahar policy after first anniversary
- Minimum sum assured NPR 500,000
- Critical Illness rider up to NPR 2,500,000
Features
- Money-back cum endowment structure
- Free equal endowment 'Upahar' policy at first policy anniversary
- Maturity benefit: 25% of base sum assured + 100% of Upahar sum assured plus bonuses
- High death benefits with differing treatment before/after first anniversary
- Optional riders: ADB, TPD/PW, Critical Illness, Personal Accident
Terms and conditions
- 1.At the time of Maturity: 25% of the sum assured on the base plan and 100% basic sum assured of the UPAHAR plan plus earned bonuses on both the policies shall be paid to assured i.e., 125% of the basic sum and 200% of bonus.
- 2.Death before maturity: 100% sum of the base plan plus earned bonus shall be paid within the first policy anniversary. 100% sum of the base plan and 100% sum of the UPAHAR plan plus earned bonuses on both the policies shall be paid after the first policy anniversary on the basis of the terms and conditions of the policy.
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
Permanent Total Disability Benefit
Total permanent disability benefit
Premium Waiver Benefit
Premium waiver benefit
Critical Illness Benefit
Critical illness benefit
Personal Accident Benefit
Personal accident, disability and medical expense cover
Questions about this plan
What kind of plan is Himalayan Jeevan Upahar?
Himalayan Jeevan Upahar 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 Upahar?
The entry age for Himalayan Jeevan Upahar is 18 – 54 years.
How long does Himalayan Jeevan Upahar run?
The policy term for Himalayan Jeevan Upahar is Base (PJUP): policy term 16 years; Upahar: 15 years.
How much cover can I take on Himalayan Jeevan Upahar?
The sum assured available on Himalayan Jeevan Upahar is From Rs 5,00,000.
What bonus rate does Himalayan Jeevan Upahar earn?
For FY 2081/82, Himalayan Life Insurance declared Rs 37–52 / 1,000 of sum assured on Himalayan Jeevan Upahar. Bonus rates are set each year and are not guaranteed.
Which riders can be added to Himalayan Jeevan Upahar?
Himalayan Jeevan Upahar can be taken with the following optional riders: Accidental death (ADB), PTD / PWB, Critical illness (CI). Each rider carries its own premium.
Premium
Quote on request