Himalayan Surakshit Bhavisya Jeevan Beema Yojana (Pension 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 endowment, whole-life and pension plan providing annual pension after the premium paying term. Pays accrued bonuses at maturity, death benefits during and after premium term, and annual pension after term until age 99 with lump sum at 100 or on death.
Maturity estimator
Estimated value at maturity
—
Declared bonus
Rate by policy term
Declared FY 2081/82
| Policy term | Rate / 1,000 | Prev. year |
|---|---|---|
| 10-14 | Rs 30 | — |
| 15-19 | Rs 30 | Rs 23 |
| 20-24 | Rs 32 | Rs 29 |
| 25+ | Rs 35 | Rs 35 |
Recent years
- FY 2081/82
- Rs 30–35/ 1,000
- FY 2080/81
- Rs 18–35/ 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
- Policy term: 10–30 years
- Minimum sum assured: NPR 500,000
- Pension: 6% of sum assured per year after premium-paying term
- Multiple raiders available
Features
- Combined endowment, whole-life and annual pension benefits
- On death during premium term: full sum assured plus accrued bonuses
- After premium paying term: annual pension of 6% of sum assured until age 99
- Lump sum payable at age 100 or on death
- Loan facility and tax benefits
- Premium waiver, accidental death and permanent total disability benefits
- Riders available: ADB and TPD/PW (limit equal to basic SA or up to NPR 5,000,000 whichever is less)
Terms and conditions
- 1)Accrued bonus at maturity
- 2)On death of life assured during premium paying term: Full sum assured plus accrued bonus will be paid to the nominee.
- 3)On death of life assured after premium paying term: Full sum assured will be paid to the nominee.
- 4)On surviving after premium paying till 99 years of age: 6 % of Sum assured per annum and at the age of 100 years or death sum assured will be paid
- 5)Loan facility
- 6)Tax benefits
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, whenever the claim arises — there is no end date on the cover.
Typical for whole life plans — confirm the exact terms in the brochure.
After the premium-paying term ends
There is no maturity date. Once the premium-paying term ends, no further premiums are due and the cover stays in force for the rest of the insured's life.
Typical for whole life 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 whole life plans — confirm the exact terms in the brochure.
Optional riders
Accidental Death Benefit
Accidental death benefit
Permanent Total Disability Benefit
Total permanent disability and premium waiver benefit
Loan & liquidity
- Policy loan
- Available
Questions about this plan
What kind of plan is Himalayan Surakshit Bhavisya Jeevan Beema Yojana (Pension Plan)?
Himalayan Surakshit Bhavisya Jeevan Beema Yojana (Pension Plan) from Himalayan Life Insurance is a whole life plan that covers the insured for life rather than a set number of years, and suits people who want to leave money behind for their family.
Who can buy Himalayan Surakshit Bhavisya Jeevan Beema Yojana (Pension Plan)?
The entry age for Himalayan Surakshit Bhavisya Jeevan Beema Yojana (Pension Plan) is 18 – 60 years.
How long does Himalayan Surakshit Bhavisya Jeevan Beema Yojana (Pension Plan) run?
The policy term for Himalayan Surakshit Bhavisya Jeevan Beema Yojana (Pension Plan) is 10-30 years.
How much cover can I take on Himalayan Surakshit Bhavisya Jeevan Beema Yojana (Pension Plan)?
The sum assured available on Himalayan Surakshit Bhavisya Jeevan Beema Yojana (Pension Plan) is From Rs 5,00,000.
What bonus rate does Himalayan Surakshit Bhavisya Jeevan Beema Yojana (Pension Plan) earn?
For FY 2081/82, Himalayan Life Insurance declared Rs 30–35 / 1,000 of sum assured on Himalayan Surakshit Bhavisya Jeevan Beema Yojana (Pension Plan). Bonus rates are set each year and are not guaranteed.
Which riders can be added to Himalayan Surakshit Bhavisya Jeevan Beema Yojana (Pension Plan)?
Himalayan Surakshit Bhavisya Jeevan Beema Yojana (Pension Plan) can be taken with the following optional riders: Accidental death (ADB), PTD / PWB. Each rider carries its own premium.
Premium
Quote on request