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 Shree is an endowment plan that provides a guaranteed bonus addition for the first 5 years and simple reversionary bonus thereafter.
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 | Rs 51 |
| 15+ | Rs 52 | — |
Recent years
- FY 2081/82
- Rs 50–52/ 1,000
- FY 2080/81
- Rs 50–52/ 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
- Guaranteed Addition Rs.65/1000 for first 5 years
- Participating (with-profit) plan
- Minimum Sum Assured Rs.500,000
- 15-year policy term
- Premium paying term options: 5 / 10 / 15 years
- Riders: Accident & Permanent Disability (18–65)
Features
- Entry age 18–50 years
- Premium paying terms: 5, 10, 15 years
- Guaranteed Addition of Rs.65 per 1000 for first 5 years
- With-profit (participating) policy after 5 years
- Death and maturity benefits pay Sum Assured + Guaranteed Addition + Vested Bonus
Terms and conditions
- Guaranteed Addition of 65 per 1000 Sum Assured is given for the first 5 years.
- This is a with profit policy with participation in profit after 5 years from policy inception.
- Sum Assured along with Guaranteed Addition and Vested Bonus (if any) is paid in case of death of policyholder.
- Sum Assured along with Guaranteed Addition and Vested Bonus (if any) is paid at maturity.
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.
Optional riders
Permanent Disability Benefit
Permanent disability benefit available as a rider.
Questions about this plan
What kind of plan is Jeevan Shree?
Jeevan Shree 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 Shree?
The entry age for Jeevan Shree is 18 – 50 years.
How long does Jeevan Shree run?
The policy term for Jeevan Shree is 5 – 15 years.
How much cover can I take on Jeevan Shree?
The sum assured available on Jeevan Shree is From Rs 5,00,000.
What bonus rate does Jeevan Shree earn?
For FY 2081/82, LIC Nepal declared Rs 50–52 / 1,000 of sum assured on Jeevan Shree. Bonus rates are set each year and are not guaranteed.
Which riders can be added to Jeevan Shree?
Jeevan Shree can be taken with the following optional riders: PTD / PWB. Each rider carries its own premium.
Premium
Quote on request