Sadabahar Jeevan 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. You also receive part of the cover amount at set points during the term, not only at the end. A participating whole-life cum money-back plan. The policy pays 5% of the Basic Sum Assured annually from the 2nd year until maturity. After maturity the life risk remains covered for life and there is an option to surrender the policy for liquidity.
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 55 | Rs 56 |
| 11-15 | Rs 55 | Rs 56 |
| 16-20 | Rs 55 | Rs 56 |
| 21-25 | Rs 55 | Rs 56 |
| 26-30 | Rs 55 | Rs 56 |
| 31+ | Rs 55 | Rs 56 |
Recent years
- FY 2081/82
- Rs 55/ 1,000
- FY 2080/81
- Rs 56/ 1,000
- FY 2079/80
- Rs 55–57/ 1,000
- FY 2078/79
- Rs 50/ 1,000
- FY 2077/78
- Rs 60/ 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
- 5% of SA paid annually as survival benefit
- Whole-life cover continues after maturity
- Minimum Sum Assured: NPR 200,000
Features
- Whole-life cum money-back participating plan
- Pays 5% of Sum Assured annually from 2nd year until maturity
- Life cover continues after maturity
- Policy loan available up to 90% of surrender value
- Surrender value is available during /after the policy term (extended life cover period).
- Single-premium death benefit special rules
Terms and conditions
- On the survival of the life assured 5 % of the Basic Sum Assured will be paid from the 2nd year till the end of the policy term.
- In case of survival of policyholder at the end of the policy term Sum Assured less the survival benefits already paid + Bonus will be paid as a Maturity benefit .
- In case of Life Assured’s death during the term (before maturity) of the policy Basic Sum Assured + Bonus will be paid to the nominee irrespective of any survival payouts made at earlier durations.
- In case of single premium policies , on death of policyholder during the policy term (before maturity) , the Sum Assured + Bonus as on the date of death or the single premium under the policy, whichever is higher will be payable to the nominee irrespective of any survival payouts made at earlier durations .
- In case of Life Assured’s death after the policy term then, an amount equal to Sum Assured will be paid .
- In case of Single premium payment policy, if death happens due to condition listed on exclusions, on 1st year of policy 80% of single premium and on 2nd year of policy 85% of single premium is paid to the nominee of policyholder.
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. Instalments already paid out along the way are not deducted from this amount.
Typical for money-back plans — confirm the exact terms in the brochure.
Along the way, while the policy is in force
A set share of the sum assured is paid at fixed points during the term. The schedule on this page shows when each instalment falls due.
Typical for money-back plans — confirm the exact terms in the brochure.
If the policy runs to maturity
You receive the balance of the sum assured plus the bonus built up to that date — the part not already paid as instalments.
Typical for money-back 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 money-back 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 Sadabahar Jeevan Beema Yojana?
Sadabahar Jeevan Beema Yojana from Nepal Life Insurance is a money-back plan that releases part of the sum assured at set points during the term instead of only at the end.
Who can buy Sadabahar Jeevan Beema Yojana?
The entry age for Sadabahar Jeevan Beema Yojana is 18 – 65 years.
How long does Sadabahar Jeevan Beema Yojana run?
The policy term for Sadabahar Jeevan Beema Yojana is 5 to 20 years.
How much cover can I take on Sadabahar Jeevan Beema Yojana?
The sum assured available on Sadabahar Jeevan Beema Yojana is From Rs 2,00,000.
What bonus rate does Sadabahar Jeevan Beema Yojana earn?
For FY 2081/82, Nepal Life Insurance declared Rs 55–55 / 1,000 of sum assured on Sadabahar Jeevan Beema Yojana. Bonus rates are set each year and are not guaranteed.
Which riders can be added to Sadabahar Jeevan Beema Yojana?
Sadabahar Jeevan 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