Himalayan Anmol Ratna Bal (Sawadhik) Jeevan Beema
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. If you are ever unable to keep paying, the plan carries on by itself and your child still receives the full amount when the term ends. Child endowment (sawadhik) life insurance plan — pays sum assured plus vested bonuses on maturity; provides death benefits for insured child and proposer, premium waiver and other facilities.
परिपक्वता अनुमान
अनुमानित परिपक्वता रकम
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Declared bonus
Rate by policy term
Declared FY 2081/82
| Policy term | Rate / 1,000 | Prev. year |
|---|---|---|
| 10-14 | Rs 45 | Rs 35 |
| 15-19 | Rs 46 | Rs 38 |
| 20-24 | Rs 48 | Rs 40 |
| 25+ | Rs 50 | — |
Recent years
- FY 2081/82
- Rs 45–50/ 1,000
- FY 2080/81
- Rs 35–40/ 1,000
Source: हिमालयन लाइफ इन्स्योरेन्स 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
- बालक-केंद्रित एन्डोवमेन्ट योजना
- प्रस्तावक मृत्युमा प्रिमियम माफी
- न्यूनतम बीमा रु.50,000
Features
- न्यूनतम बीमा राशि रु.50,000 देखि अधिकतम रु.5,000,000
- जोखिम शुरू: पालिसी सुरु भईदेखि 2 वर्षपछि वा बालकको 6 वर्ष पूरा पश्चात् वार्षिकोत्सव जुन पछि आउँछ
- प्रस्तावकको मृत्युमा प्रिमियम वेभर (Premium Waiver Benefit)
- मृत्युका घटनामा भुक्तानीका स्पष्ट प्रावधान (बालक/प्रस्तावकका लागि अलग अलग)
- पे-अप भ्याल्यू र ऋण सुविधा उपलब्ध
Terms and conditions
- 1. On Maturity: Sum Assured and Vested Bonus
- 2.On Death of Insured Child: Before commencement of risk. The total premium amount paid shall be refunded. After commencement of risk 25% of the sum assured along with any vested bonus or the total premiums actually paid or paid-up value of the policy, whichever is higher, shall be paid.
- 3.On Death of Proposer: Premium Waiver Benefit (PWB) and Monthly Income Benefit (MIB) shall be provided
- 4. On simultaneous deaths of both insured child and the proposer:25% of the Sum Assured and Vested Bonus on Full Sum Assured (for child’s death) and100% of the Sum Assured is payable as lump sum (for proposer’s death)
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. Most child plans are written on the parent's life, so see the next case for how the child is protected.
Typical for child plans — confirm the exact terms in the brochure.
If the parent or guardian passes away
Future premiums are waived and the policy continues on its own. The child still receives the full maturity amount at the set age. Many child plans also pay the child a regular income until then — the brochure states the rate.
Typical for child plans — confirm the exact terms in the brochure.
If the policy runs to maturity
The child receives the sum assured plus the bonus built up to that date, timed to the age set when the policy was taken out.
Typical for child plans — confirm the exact terms in the brochure.
Optional riders
Loan & liquidity
- Policy loan
- Available
Premium
Quote on request