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. Baal Unnati — a without-profit child endowment plan which provides protection for both the child and the proposer. Available in regular and single premium modes with guaranteed additions, built-in premium waiver, and a monthly income benefit.
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 |
|---|---|---|
| 8-14 | Rs 55 | Rs 55 |
| 15-25 | Rs 60 | Rs 60 |
Recent years
- FY 2081/82
- Rs 55–60/ 1,000
- FY 2080/81
- Rs 55–60/ 1,000
- FY 2079/80
- Rs 55–60/ 1,000
- FY 2078/79
- Rs 55–60/ 1,000
- FY 2077/78
- Rs 55–60/ 1,000
Source: एलआईसी नेपाल 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
- निश्चित दरमा अतिरिक्त बोनस बीमाङ्क प्रति रु.1000
- मासिक आम्दानी (1% बीमांक)
- तीन वर्षपछि सरेण्डर र ऋण सुविधा
Features
- बालक तथा प्रस्तावक दुबैको सुरक्षा
- प्रिमियम माफ हुने सुविधा (Premium Waiver)
- मासिक आम्दानी लाभ: हरेक महिना बीमांकको 1%
- वैकल्पिक दुर्घटना तथा स्थायी अशक्तता राइडर (प्रस्तावकका लागि)
- नीति तीन पूर्ण वर्ष पूरा भएपछि सरेण्डर गर्न मिल्ने
- नीति तीन पूर्ण वर्ष पछि सरेण्डर मूल्यको 90% सम्म ऋण उपलब्ध
- एकमुट्ठी (Single) र नियमित भुक्तानी मोडहरू उपलब्ध
Terms and conditions
- Coverage of Both Child and the Proposer
- Guaranteed Addition for whole term
- o Rs. 55 per 1000 Sum Assured for term 8 years to 14 years
- o Rs. 60 per 1000 Sum Assured for term 15 years to 25 years
- In-built Premium Waiver Benefit and Monthly Income Benefit (equal to 1% of Sum Assured each month)
- Optional Accidental and Permanent Disability Rider to the proposer
- The policy can be surrendered after completion of three full years with no due premium
- Loan against policy is available after completion of three full years with no due premium equal to the extent of 90% of surrender value
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.
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 child plans — confirm the exact terms in the brochure.
Optional riders
मासिक आय लाभ
हरेक महिना बीमाङ्कको १% बराबर अन्तर्निहित मासिक आय लाभ।
दुर्घटना लाभ
प्रस्तावकका लागि वैकल्पिक दुर्घटना राइडर।
स्थायी अशक्तता लाभ
प्रस्तावकका लागि वैकल्पिक स्थायी अशक्तता राइडर।
अन्त्येष्टि खर्च लाभ
पोलिसी अवधिभित्र मृत्यु भएमा भुक्तानी हुने अन्त्येष्टि खर्च लाभ।
Monthly Income Benefit
In-built monthly income benefit equal to 1% of Sum Assured each month.
Accidental Benefit
Optional accidental rider for the proposer.
Permanent Disability Benefit
Optional permanent disability rider for the proposer.
Funeral Expense Benefit
Funeral expense benefit payable on death during the policy term.
Loan & liquidity
- Policy loan
- Available
- Surrender allowed
- After 3 years
- Loan facility
- Up to 90% of surrender value
Premium
Quote on request