Endowment Micro Life Insurance Plan

by एलआईसी नेपाल

EndowmentParticipatingCode 354
11.2% market share100.0% claims settledEst. 2001

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. This is a with-profit Endowment plan. Sum assured together with vested bonus is payable on maturity or on earlier death. The premium paying term is same as the policy term.

परिपक्वता अनुमान

Rs
Rs 1.00 lakhRs 2.00 crore
वर्ष

अनुमानित परिपक्वता रकम

Declared bonus

Rate by policy term

Declared FY 2081/82

Policy termRate / 1,000Prev. year
AllRs 41

Recent years

FY 2081/82
Rs 41/ 1,000
FY 2080/81
Rs 41/ 1,000
FY 2079/80
Rs 41/ 1,000
FY 2078/79
Rs 41/ 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

  • नाफासहित एन्डोमेन्ट योजना
  • बीमाङ्क रकम रु. १०,००० देखि रु. ३,००,००० सम्म
  • प्रवेश उमेर १८ देखि ६५ वर्ष

Features

  • नाफासहित (सहभागी) एन्डोमेन्ट बीमा योजना
  • बीमा अवधि ५ वर्षदेखि ४९ वर्षसम्म उपलब्ध
  • कम्तीमा तीन वर्षको पूर्ण प्रिमियम भुक्तानीपछि पोलिसी पेड-अप हुन्छ
  • तीन पूर्ण वर्षपछि पोलिसी सरेन्डर गर्न सकिने तीन वर्षपछि सरेन्डर मूल्यको ९०% सम्म ऋण सुविधा उपलब्ध
  • यस योजनाअन्तर्गत कुनै राइडर सुविधा उपलब्ध छैन
Terms and conditions
  1. Maturity Benefit: Sum Assured with Vested Bonus is payable on survival to the end of the policy term, in case the policy is in full force.
  2. Death Benefit: Sum Assured with Vested Bonus is payable on death of the life assured during the policy term, in case the policy is in full force.

एलआईसी नेपाल’s page for this plan

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.

  1. 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.

  2. 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.

Optional riders

Accidental death (ADB)PTD / PWBCritical illness (CI)
  • टर्म राइडर

    वयस्क बीमितहरूका लागि टर्म राइडर उपलब्ध छ।

  • Term Rider

    Term rider available for adult policyholders.

Loan & liquidity

Policy loan
Available
Surrender allowed
After 3 years
Loan facility
Up to 90% of surrender value

Premium

Quote on request

Get quote