Jeevan Anand Insurance Plan
by LIC Nepal
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. Jeevan Anand is a combination plan: an endowment with-profit portion and a whole life without-profit portion. It pays the pre-decided Sum Assured along with vested bonuses at the end of the premium paying term, while the life cover continues until death of the Life Assured.
Maturity estimator
Estimated value at maturity
—
Declared bonus
Rate by policy term
Declared FY 2081/82
| Policy term | Rate / 1,000 | Prev. year |
|---|---|---|
| 5-9 | Rs 50 | Rs 50 |
| 10-14 | Rs 51 | — |
| 15-20 | Rs 53 | — |
| 21-25 | Rs 55 | Rs 57 |
Recent years
- FY 2081/82
- Rs 50–55/ 1,000
- FY 2080/81
- Rs 50–60/ 1,000
- FY 2079/80
- Rs 50–60/ 1,000
- FY 2078/79
- Rs 50–60/ 1,000
- FY 2077/78
- Rs 39–49/ 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
- Entry age 18–65 yrs
- Min Sum Assured NPR 100,000
- Policy term 5–25 yrs (subject to max age 70)
Features
- Entry age: 18–65 years
- Minimum Sum Assured: NPR 100,000
- Policy term: 5 to 25 years (subject to max age 70)
- With-profit policy (participating)
- Sum Assured plus vested bonus payable at maturity
- Sum Assured payable on death after the premium paying term
- Free insurance cover after maturity subject to premiums being paid
- Riders: Accident benefit and Permanent Disability benefit (ages 18–70)
Terms and conditions
- कम्तिमा तीन वर्षको पूर्ण प्रिमियम भुक्तानी भएमा पॉलिसी पेड अप बन्छ
- तीन वर्षपछि सरेन्डर गर्न सकिन्छ
- तीन वर्षपछि सरेन्डर मूल्यको 90% सम्म ऋण उपलब्ध
- म्याच्युरिटीमा बीमाशुल्क र वेस्टेड बोनस उपलब्ध
- Policy becomes paid-up after at least 3 full years' premiums
- Surrender allowed after 3 full years
- Loan available after 3 years up to 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, 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.
Optional riders
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 Jeevan Anand Insurance Plan?
Jeevan Anand Insurance Plan from LIC Nepal 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 Jeevan Anand Insurance Plan?
The entry age for Jeevan Anand Insurance Plan is 18 – 65 years.
How long does Jeevan Anand Insurance Plan run?
The policy term for Jeevan Anand Insurance Plan is 5 – 25 years.
How much cover can I take on Jeevan Anand Insurance Plan?
The sum assured available on Jeevan Anand Insurance Plan is From Rs 1,00,000.
What bonus rate does Jeevan Anand Insurance Plan earn?
For FY 2081/82, LIC Nepal declared Rs 50–55 / 1,000 of sum assured on Jeevan Anand Insurance Plan. Bonus rates are set each year and are not guaranteed.
Which riders can be added to Jeevan Anand Insurance Plan?
Jeevan Anand Insurance Plan can be taken with the following optional riders: PTD / PWB. Each rider carries its own premium.
Premium
Quote on request