Jeevan Sarathi 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. One policy covers both partners, instead of buying two separate ones. A joint-life participating endowment cum whole life plan covering husband and wife under a single policy. At maturity the full sum assured plus vested bonuses are payable. Rider options available: Accidental Death Benefit (ADB) and Critical Illness (CI). Policy loan up to 90% of surrender value is available once surrender/paid-up value is attained.
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 62 | Rs 62 |
| 11-15 | Rs 62 | Rs 62 |
| 16-20 | Rs 62 | Rs 62 |
| 21-25 | Rs 72 | Rs 72 |
| 26-30 | Rs 85 | Rs 85 |
| 31+ | Rs 85 | Rs 85 |
Recent years
- FY 2081/82
- Rs 62–85/ 1,000
- FY 2080/81
- Rs 62–85/ 1,000
- FY 2079/80
- Rs 50–60/ 1,000
- FY 2078/79
- Rs 62–85/ 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
- Joint-life endowment cum whole life plan
- Minimum sum assured NPR 5,000
- Riders: ADB and CI available
- Policy term: 15–30 years
Features
- Joint life policy (husband & wife)
- Entry age 18–50 years
- Minimum sum assured NPR 5,000
- Riders available: ADB and CI only
- Policy loan up to 90% of surrender value after surrender/paid-up value attained
Terms and conditions
- Basic Benefits:
- 1. On both of the lives Assured or anyone surviving to the date of Maturity: FULL SUM ASSURED ALONG WITH VESTED BONUSES will be paid.
- 2. In case of death of any of the Life Assured during the term of the policy (before maturity) , Basic Sum Assured will be paid to the surviving Life Assured as well remaining premium will be waived and at the end of the policy Term SUM ASSURED + BONUS from the beginning will be paid to the surviving one.
- 3.In case of death of both Life Assured during the term of the policy, FULL SUM ASSURED ALONG WITH VESTED BONUSES will be paid to the nominee/ beneficiary.
- 4. If Both Life Assureds has taken ADB benefit and in case of demise of both lives die simultaneously as a result of accident or die within the specified period as a result of the same accident or if the second life also dies in the same policy year as a result of another accident, ADB benefit will be available in respect of both lives .
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 either partner passes away during the term
The nominee receives the sum assured plus the bonus built up to that date on the first death. Whether cover continues for the surviving partner depends on the plan's terms.
Typical for couple 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 couple 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 couple plans — confirm the exact terms in the brochure.
Optional riders
Accidental Death Benefit
Optional ADB rider for joint-life policy.
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 Sarathi Beema Yojana?
Jeevan Sarathi Beema Yojana from Nepal Life Insurance is a couple plan that covers both spouses under one policy, usually for less than two separate policies would cost.
Who can buy Jeevan Sarathi Beema Yojana?
The entry age for Jeevan Sarathi Beema Yojana is 18 – 50 years.
How long does Jeevan Sarathi Beema Yojana run?
The policy term for Jeevan Sarathi Beema Yojana is 15 to 30 years.
How much cover can I take on Jeevan Sarathi Beema Yojana?
The sum assured available on Jeevan Sarathi Beema Yojana is From Rs 5,000.
What bonus rate does Jeevan Sarathi Beema Yojana earn?
For FY 2081/82, Nepal Life Insurance declared Rs 62–85 / 1,000 of sum assured on Jeevan Sarathi Beema Yojana. Bonus rates are set each year and are not guaranteed.
Which riders can be added to Jeevan Sarathi Beema Yojana?
Jeevan Sarathi Beema Yojana can be taken with the following optional riders: Accidental death (ADB), Critical illness (CI). Each rider carries its own premium.
Premium
Quote on request