Himalayan Endowment Plan
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 combined term insurance and savings endowment plan paying the sum assured on maturity or earlier on death.
परिपक्वता अनुमान
अनुमानित परिपक्वता रकम
—
Declared bonus
Rate by policy term
Declared FY 2081/82
| Policy term | Rate / 1,000 | Prev. year |
|---|---|---|
| 0-9 | Rs 32 | Rs 26 |
| 10-14 | Rs 35 | Rs 31 |
| 15-19 | Rs 42 | Rs 36 |
| 20-24 | Rs 45 | Rs 42 |
| 25+ | Rs 63 | Rs 63 |
Recent years
- FY 2081/82
- Rs 32–63/ 1,000
- FY 2080/81
- Rs 26–63/ 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
- न्यूनतम बीमाङ्क रु.50,000
- प्रवेश उमेर 18–65 वर्ष
- 3 वर्षपछि ऋण सुविधा
Features
- म्यादी बीमा र बचतको संयोजन (एन्डोमेन्ट)
- नीतिगत अवधि: 5–59 वर्ष
- दुर्घटना सम्बन्धी लाभ (ADB/PWB/PTD) सम्म रु.1,00,00,000
- 3 वर्षको पूरा प्रिमियम भुक्तान गरेपछि ऋण सुविधा
- परिपक्वता लाभ: बीमित रकम + संचित बोनस; सरेन्डर र पेड-अप उपलब्ध
- ठूलो बीमित रकम र भुक्तानी तरिकामा छुट
Terms and conditions
- 1.Loan Facility: 3 years of complete premium paid should be required for getting a Policy holder loan.
- 2. Surrender value, Paid up Value as per policy.
- 3. Policy Mature Benefit: Sum Assured + Accrued Bonus
- 4.Death Benefits: Within Term Period – full Sum Assured + Accrued Bonus up to Term Period during 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.
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.
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 endowment plans — confirm the exact terms in the brochure.
Optional riders
दुर्घटना मृत्यु लाभ
दुर्घटना मृत्यु लाभ
स्थायी पूर्ण अशक्तता लाभ
दुर्घटनाजन्य स्थायी पूर्ण अशक्तता लाभ
बीमाशुल्क छुट लाभ
स्थायी पूर्ण अशक्ततापछि बीमाशुल्क छुट
मासिक आय लाभ
स्थायी पूर्ण अशक्ततापछि मासिक आय लाभ
Accidental Death Benefit
Accidental death benefit
Permanent Total Disability Benefit
PTD benefit due to accident
Premium Waiver Benefit
Premium waiver after total permanent disability
Monthly Income Benefit
Monthly income benefit after total permanent disability
Loan & liquidity
- Policy loan
- Available
- Grace period
- 30 days for annual
Pros & cons
Pros
- Formed from merger of 3 insurers - strong combined capital
- Good maximum bonus rate (Rs 86 per 1000 SA)
- Unified branch network from merged entities
- Competitive premium rates
Cons
- Very low minimum bonus rate (Rs 18) for some products
- Still integrating post-merger (operations since May 2023)
- Brand recognition building phase
- Fewer rider options than competitors
What affects your premium
- Age at entry
- Sum assured
- Policy term
- Product variant selected
How to claim
- 1Contact nearest branch
- 2Submit claim documents
- 3Verification and approval
- 4Settlement to beneficiary
Best for
What's not covered
- Suicide within first 2 years
- Pre-existing undisclosed conditions
Premium
Quote on request