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. If you are ever unable to keep paying, the plan carries on by itself and your child still receives the full amount when the term ends. Baal Unnati — a without-profit child endowment plan which provides protection for both the child and the proposer. Available in regular and single premium modes with guaranteed additions, built-in premium waiver, and a monthly income benefit.
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 |
|---|---|---|
| 8-14 | Rs 55 | Rs 55 |
| 15-25 | Rs 60 | Rs 60 |
Recent years
- FY 2081/82
- Rs 55–60/ 1,000
- FY 2080/81
- Rs 55–60/ 1,000
- FY 2079/80
- Rs 55–60/ 1,000
- FY 2078/79
- Rs 55–60/ 1,000
- FY 2077/78
- Rs 55–60/ 1,000
Source: LIC Nepal 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
- Guaranteed additions per 1000 Sum assured
- Monthly income (1% of Sum assured)
- Surrender & loan after 3 years
Features
- Coverage for both child and proposer
- Built-in premium waiver benefit
- Monthly income benefit: 1% of Sum Assured each month
- Optional accidental & permanent disability rider for proposer
- Policy surrender allowed after 3 full years
- Loan up to 90% of surrender value after 3 full years
- Single and regular premium payment modes available
Terms and conditions
- Coverage of Both Child and the Proposer
- Guaranteed Addition for whole term
- o Rs. 55 per 1000 Sum Assured for term 8 years to 14 years
- o Rs. 60 per 1000 Sum Assured for term 15 years to 25 years
- In-built Premium Waiver Benefit and Monthly Income Benefit (equal to 1% of Sum Assured each month)
- Optional Accidental and Permanent Disability Rider to the proposer
- The policy can be surrendered after completion of three full years with no due premium
- Loan against policy is available after completion of three full years with no due premium equal to the extent of 90% of surrender value
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. Most child plans are written on the parent's life, so see the next case for how the child is protected.
Typical for child plans — confirm the exact terms in the brochure.
If the parent or guardian passes away
Future premiums are waived and the policy continues on its own. The child still receives the full maturity amount at the set age. Many child plans also pay the child a regular income until then — the brochure states the rate.
Typical for child plans — confirm the exact terms in the brochure.
If the policy runs to maturity
The child receives the sum assured plus the bonus built up to that date, timed to the age set when the policy was taken out.
Typical for child 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 child plans — confirm the exact terms in the brochure.
Optional riders
Monthly Income Benefit
In-built monthly income benefit equal to 1% of Sum Assured each month.
Accidental Benefit
Optional accidental rider for the proposer.
Permanent Disability Benefit
Optional permanent disability rider for the proposer.
Funeral Expense Benefit
Funeral expense benefit payable on death during the policy term.
Loan & liquidity
- Policy loan
- Available
- Surrender allowed
- After 3 years
- Loan facility
- Up to 90% of surrender value
Questions about this plan
What kind of plan is Baal Unnati?
Baal Unnati from LIC Nepal is a child plan that is taken out by a parent or guardian to fund a child's education and future.
Who can buy Baal Unnati?
The entry age for Baal Unnati is 0 – 17 years.
How long does Baal Unnati run?
The policy term for Baal Unnati is 8 – 25 years.
How much cover can I take on Baal Unnati?
The sum assured available on Baal Unnati is From Rs 1,00,000.
What bonus rate does Baal Unnati earn?
For FY 2081/82, LIC Nepal declared Rs 55–60 / 1,000 of sum assured on Baal Unnati. Bonus rates are set each year and are not guaranteed.
Which riders can be added to Baal Unnati?
Baal Unnati can be taken with the following optional riders: Accidental death (ADB), PTD / PWB. Each rider carries its own premium.
Premium
Quote on request