Himalayan Shuvalabh
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. Participating endowment life plan offering guaranteed bonus plus loyalty additions at maturity. Supports single or regular premium payment options. Riders available for accidental death, TPD/Premium waiver, critical illness and personal accident with medical cover.
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
- Minimum sum assured: NPR 100,000
- Max maturity age: 75 years
- Guaranteed bonus plus loyalty additions
Features
- Guaranteed bonus: Rs.40/1000 (single), Rs.60/1000 (regular)
- Single or 6/8 premium paying term options
- Graduated death benefit (higher multiples after early years)
- Personal accident and medical expense cover up to NPR 5,000,000
Terms and conditions
- Benefits on Single Payment:
- At the time of Maturity:
- 100% base sum assured plus Rs. 40/1000 guaranteed bonus plus additional loyalty bonus 15/1000 and 30/1000 of the base sum assured for 12 & 15 Years policy terms respectively.
- Death before maturity:
- Base sum assured in case of death in first 2 years, 125% of base sum assured in case of death between year 3 and 5 & 150% of base sum in case of death after 5 years} + accrued
- Guaranteed bonus Rs. 40/1000 SA as at the date of death.
- Benefits on REGULAR Payment:
- At the time of Maturity: 100% base sum assured plus Rs. 60/1000 guaranteed bonus plus additional loyalty bonus 25% and 30% of the base sum
- assured for 12 & 15 Years policy terms respectively.
- Death before maturity: Base sum assured in case of death in first 2 years, 150% of base sum assured in case of death between year 3 and 5 & 200% of base sum in case of death after 5 years} + Accured Guaranteed bonus Rs. 60/1000 Sum assured as at the date of 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
Questions about this plan
What kind of plan is Himalayan Shuvalabh?
Himalayan Shuvalabh 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 Shuvalabh?
The entry age for Himalayan Shuvalabh is 18 – 60 years.
How long does Himalayan Shuvalabh run?
The policy term for Himalayan Shuvalabh is 12-15 years.
How much cover can I take on Himalayan Shuvalabh?
The sum assured available on Himalayan Shuvalabh is From Rs 1,00,000.
What bonus rate does Himalayan Shuvalabh earn?
For FY 2081/82, Himalayan Life Insurance declared Rs 32–63 / 1,000 of sum assured on Himalayan Shuvalabh. Bonus rates are set each year and are not guaranteed.
Which riders can be added to Himalayan Shuvalabh?
Himalayan Shuvalabh 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