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. A with-profit individual endowment plan where the premium paying term is 5 years less than the policy term. Provides maturity benefit (Sum Assured + accrued bonus) on survival, death benefit (Sum Assured + accrued bonus) on death, and additional funeral expense payment.
Maturity estimator
Estimated value at maturity
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Declared bonus
Rate by policy term
Declared FY 2080/81
| Policy term | Rate / 1,000 | Prev. year |
|---|---|---|
| 10 | Rs 51 | Rs 51 |
| 15 | Rs 53 | Rs 52 |
| 20 | Rs 55 | Rs 53 |
| 25 | Rs 57 | Rs 55 |
Recent years
- FY 2081/82
- Rs 41–62/ 1,000
- FY 2080/81
- Rs 51–57/ 1,000
- FY 2079/80
- Rs 51–55/ 1,000
* Company-wide declared range — the plan's own term bands were not published that year.
Bonus rates are declared annually and are not guaranteed. Past rates do not guarantee future rates.
What's included
Key highlights
- With-profit endowment plan
- Risk cover extends 5 years beyond premium paying term
- Funeral expense benefit included
Features
- Premium paying term = policy term minus 5 years; risk cover continues for 5 years after premium term
- Maturity benefit: Sum Assured + accrued bonus
- Death benefit: Sum Assured + accrued bonus + funeral expense (25% of SA or Rs.100,000 whichever is lower)
- Premium payment term: (Policy term - 5) years
Terms and conditions
- Special Benefit : Risk coverage of five more years after the end of premium paying term with continuation of rider. Plus, bonus of that period is also given.
- Maturity Benefit : On survival of the life assured till the completion of policy term, Sum Assured and Bonus accrued will be paid to the life assured. The policy will terminate after payment of maturity claim.
- Death Benefit : On the death of the life assured during the policy term, Sum Assured and Bonus accrued till the death of the life assured will be paid to the nominee or the legal heir. In addition, sum of 25% of Sum Assured or Rs. 100,000, whichever is lower shall be paid as Funeral Expense. The policy will terminate after payment of death claim.
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
Total Permanent Disability due to Accident
Optional rider benefit for total permanent disability due to accident.
Accidental Death Benefit
Optional rider benefit for accidental death.
Questions about this plan
What kind of plan is Jeevan Labh?
Jeevan Labh 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 Jeevan Labh?
The entry age for Jeevan Labh is 18 – 60 years.
How long does Jeevan Labh run?
The policy term for Jeevan Labh is 10 – 25 years.
How much cover can I take on Jeevan Labh?
The sum assured available on Jeevan Labh is From Rs 50,000.
What bonus rate does Jeevan Labh earn?
For FY 2080/81, LIC Nepal declared Rs 51–57 / 1,000 of sum assured on Jeevan Labh. Bonus rates are set each year and are not guaranteed.
Which riders can be added to Jeevan Labh?
Jeevan Labh can be taken with the following optional riders: Accidental death (ADB), PTD / PWB. Each rider carries its own premium.
Premium
Quote on request