Jeevan Sahara Beema Yojana
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 whole-life endowment plan providing lifetime coverage. Sum assured plus bonus is payable on maturity; sum assured payable on death after maturity. Accidental death benefit and optional riders (PTD, premium waiver, critical illness) are available.
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 |
|---|---|---|
| 0-10 | Rs 60 | Rs 60 |
| 11-15 | Rs 60 | Rs 60 |
| 16-20 | Rs 60 | Rs 60 |
| 21-25 | Rs 70 | Rs 70 |
| 26-30 | Rs 82 | Rs 82 |
| 31+ | Rs 82 | Rs 82 |
Recent years
- FY 2081/82
- Rs 60–82/ 1,000
- FY 2080/81
- Rs 60–82/ 1,000
- FY 2079/80
- Rs 50–60/ 1,000
- FY 2078/79
- Rs 60–82/ 1,000
- FY 2077/78
- Rs 60–82/ 1,000
Source: Nepal Life Insurance 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 5,000
- Riders: Accidental death, PTD, Premium waiver, Critical Illness
- Multiple benefits under one plan- maturity benefit, survival benefit, death benefit and death upon accident benefit even after policy matures
Features
- Policy loan up to 90% of surrender value
- Survival benefit- Paid to policyholder at the end of the policy term
- Sum Assured + Bonus will be paid as a Maturity benefit .
- Death Benefit- Basic Sum Assured + Bonus will be paid .
- Death after policy maturity- an amount equal to Sum Assured will be paid .
- Death at Age 70 caused by an accident , Full Basic Sum Assured + Accidental Death Benefit (ADB) paid
Terms and conditions
- a) Change of Occupation: If the insured changes the occupation stated in the life insurance proposal form and takes up another risky occupation or initiates a risky enterprise, they must immediately inform the insurer. Based on the information received, the insurer will calculate the additional premium corresponding to the risk and request the insured to make the additional premium payment. The company will not be obligated to pay the additional sum assured for accidental death if the determined additional premium is not paid, or if the risk associated with the insured's changed occupation is deemed unacceptable by the insurer, leading to the insured's death due to the same risk.
- b) If the insured dies in the following circumstances, the death shall not be considered as an accidental death:
- i) In the event of suicide, whether self-inflicted or intentional through the consumption of poison or other methods, regardless of the mental state of the individual, if the insured dies under these circumstances, the payment will be processed as it would be for a natural death, subject to the policy's terms regarding death.
- c) In case of death of the insured due to an accident, the insurer must be notified in writing as soon as possible, but in any case, such notifications must be given within 90 days. If the death of the insured is due to an accident, the autopsy report conducted by the government doctor or else the policy report must be submitted.
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.
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 whole life plans — confirm the exact terms in the brochure.
Optional riders
Accidental Death Benefit
Optional accidental death rider.
Permanent Total Disability Benefit
Optional accidental PTD rider.
Premium Waiver Benefit
Optional premium waiver rider.
Critical Illness Benefit
Optional critical illness rider.
Loan & liquidity
- Policy loan
- Available
- Loan facility
- Up to 90% of surrender value
Questions about this plan
What kind of plan is Jeevan Sahara Beema Yojana?
Jeevan Sahara Beema Yojana from Nepal Life Insurance 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 Sahara Beema Yojana?
The entry age for Jeevan Sahara Beema Yojana is 18 – 65 years.
How long does Jeevan Sahara Beema Yojana run?
The policy term for Jeevan Sahara Beema Yojana is 5 to 54 years.
How much cover can I take on Jeevan Sahara Beema Yojana?
The sum assured available on Jeevan Sahara Beema Yojana is From Rs 5,000.
What bonus rate does Jeevan Sahara Beema Yojana earn?
For FY 2081/82, Nepal Life Insurance declared Rs 60–82 / 1,000 of sum assured on Jeevan Sahara Beema Yojana. Bonus rates are set each year and are not guaranteed.
Which riders can be added to Jeevan Sahara Beema Yojana?
Jeevan Sahara Beema Yojana can be taken with the following optional riders: Accidental death (ADB), PTD / PWB, Critical illness (CI). Each rider carries its own premium.
Premium
Quote on request