Himalayan Jeeven Sampanna (Limited Plan)

by Himalayan Life Insurance

EndowmentParticipating
9.9% market share100.0% claims settledEst. 2023

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. Himalayan Life Limited Endowment Assurance Plan — a participating endowment with term options of 5, 10, 15, 20 and 25 years. Minimum sum assured starts at NPR 150,000.

Maturity estimator

Rs
Rs 1.00 lakhRs 2.00 crore
years

Estimated value at maturity

Declared bonus

Rate by policy term

Declared FY 2081/82

Policy termRate / 1,000Prev. year
0-9Rs 53Rs 53
10-14Rs 53Rs 53
15-19Rs 53Rs 53
20-24Rs 53Rs 53
25+Rs 53Rs 53

Recent years

FY 2081/82
Rs 53/ 1,000
FY 2080/81
Rs 53/ 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

  • Flexible premium paying terms
  • Single premium option available
  • Loan and surrender facilities

Features

  • Policy terms: 5, 10, 15, 20 and 25 years
  • Premium paying term options: Single, 5, 10, 15, 20 years
  • Loan facility: single premium after 3 years; regular after 2 years (and 2 years premiums paid)
  • Surrender and Paid-up values available
  • Death/maturity benefit: Sum Assured + Vested Bonus (participating plan)

Himalayan Life Insurance’s page for this plan

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.

  1. 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.

  2. 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.

  3. 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 (ADB)PTD / PWBCritical illness (CI)
  • 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

Questions about this plan

What kind of plan is Himalayan Jeeven Sampanna (Limited Plan)?

Himalayan Jeeven Sampanna (Limited 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 Jeeven Sampanna (Limited Plan)?

The entry age for Himalayan Jeeven Sampanna (Limited Plan) is 18 – 60 years.

How long does Himalayan Jeeven Sampanna (Limited Plan) run?

The policy term for Himalayan Jeeven Sampanna (Limited Plan) is 5, 10, 15, 20 and 25 years.

How much cover can I take on Himalayan Jeeven Sampanna (Limited Plan)?

The sum assured available on Himalayan Jeeven Sampanna (Limited Plan) is From Rs 1,50,000.

What bonus rate does Himalayan Jeeven Sampanna (Limited Plan) earn?

For FY 2081/82, Himalayan Life Insurance declared Rs 53–53 / 1,000 of sum assured on Himalayan Jeeven Sampanna (Limited Plan). Bonus rates are set each year and are not guaranteed.

Which riders can be added to Himalayan Jeeven Sampanna (Limited Plan)?

Himalayan Jeeven Sampanna (Limited Plan) can be taken with the following optional riders: Accidental death (ADB), PTD / PWB. Each rider carries its own premium.

Premium

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