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. Regular saving through insurance to protect you and your family in the future. Under this plan the Sum Assured with vested bonuses is payable either on the date of maturity or on earlier death.
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 |
|---|---|---|
| 5-9 | Rs 49 | Rs 51 |
| 10-14 | Rs 50 | Rs 52 |
| 15-19 | Rs 51 | Rs 53 |
| 20-24 | Rs 55 | Rs 55 |
| 25-34 | Rs 60 | Rs 61 |
| 35-44 | Rs 61 | Rs 63 |
| 45+ | Rs 62 | — |
Recent years
- FY 2081/82
- Rs 49–62/ 1,000
- FY 2080/81
- Rs 51–65/ 1,000
- FY 2079/80
- Rs 51–61/ 1,000
- FY 2078/79
- Rs 51–61/ 1,000
- FY 2077/78
- Rs 50–64/ 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
- Minimum Sum assured: NPR 50,000
- Entry age: 18–60 years
- Policy term: 10–52 years
- With-profit participating plan
- Loan up to 90% after 3 years
Features
- Entry age: 18–60 years
- Minimum Sum Assured: Rs. 50,000
- Policy term: 10–52 years (subject to maximum age 70)
- Sum Assured with vested bonuses payable at maturity
- Accident and permanent disability riders available (age 18–70)
Terms and conditions
- Policy becomes paid-up if at least three full years' premium is paid
- Policy surrender allowed after completion of three full years
- Loan available after three years up to 90% of surrender value
- कम्तीमा तीन पूर्ण वर्षको प्रीमियम भुक्तानी हुँदा पॉलिसी पेड-अप हुन्छ
- तीन वर्षपछि पॉलिसी सरेन्डर गर्न सकिन्छ
- तीन वर्षपछि सरेन्डर भ्यालूको 90% सम्म ऋण उपलब्ध
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
Accidental Death Benefit
Additional benefit payable in case of accidental death.
Permanent Disability Benefit
Benefit available for permanent disability due to accident.
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 Endowment Plan?
Endowment Plan from LIC Nepal 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 Endowment Plan?
The entry age for Endowment Plan is 18 – 60 years.
How long does Endowment Plan run?
The policy term for Endowment Plan is 10 – 52 years.
How much cover can I take on Endowment Plan?
The sum assured available on Endowment Plan is From Rs 50,000.
What bonus rate does Endowment Plan earn?
For FY 2081/82, LIC Nepal declared Rs 49–62 / 1,000 of sum assured on Endowment Plan. Bonus rates are set each year and are not guaranteed.
Which riders can be added to Endowment Plan?
Endowment Plan can be taken with the following optional riders: Accidental death (ADB), PTD / PWB. Each rider carries its own premium.
Premium
Quote on request