New Jeevan Tarang

by एलआईसी नेपाल

Whole lifeParticipatingCode 360
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. New Jeevan Tarang is a limited premium, with-profit limited premium whole life plan. It provides an annual survival benefit of 5.50% of the Sum Assured every year after the premium payment term.

परिपक्वता अनुमान

Rs
Rs 1.00 lakhRs 2.00 crore
वर्ष

अनुमानित परिपक्वता रकम

Declared bonus

Rate by policy term

Declared FY 2080/81

Policy termRate / 1,000Prev. year
10Rs 50Rs 50
15Rs 51Rs 51
20Rs 55Rs 55

Recent years

FY 2081/82
Rs 41–62/ 1,000
FY 2080/81
Rs 50–55/ 1,000
FY 2079/80
Rs 50–55/ 1,000
FY 2078/79
Rs 50–55/ 1,000
FY 2077/78
Rs 52–62/ 1,000

* Company-wide declared range — the plan's own term bands were not published that year.

Bonus rates are declared annually and are not guaranteed. Past rates do not guarantee future rates.

What's included

Key highlights

  • सीमित प्रिमियम आजीवन जीवन बीमा योजना
  • ५.५०% वार्षिक सर्वाइवल बेनिफिट (प्रिमियम अवधि पछि)
  • सम्पूर्ण मृत्यु तथा उमेर १०० मा बीमांक भुक्तानी

Features

  • सीमित प्रिमियम आजीवन जीवन बीमा योजना
  • प्रिमियम भुक्तानी अवधि पछि हरेक वर्ष सामूहिक बीमांकको ५.५०% सर्वाइवल बेनिफिट
  • प्रिमियम अवधि पछि पनि पोलिसी जारी रहन्छ र वार्षिक जीवित लाभहरू पनि प्राप्त हुन्छ।
  • रिभर्सनरी बोनस (participating plan)
Terms and conditions
  1. Death Benefit:
  2. On death of the life assured during the premium payment term Sum Assured under the policy plus the Accrued Reversionary Bonus as on the date of death shall be payable. The policy will terminate upon such payment.
  3. On death of the life assured after the premium payment term, the Sum Assured under the policy shall be payable. The policy will terminate upon such payment.
  4. •Survival Benefits:
  5. On survival of the life assured to the end of each policy year after the premium payment term, a survival benefit equal to 5.50% of the Sum Assured shall be payable. This benefit shall be available to the life assured till attainment of age 99 years.
  6. •Maturity Benefit:
  7. On the survival of the life assured to the end of the premium payment term, the Accrued Reversionary Bonus shall be payable. The policy will continue upon such payment with yearly survival benefits and death benefit as described above. On survival of the life assured to age 100, a maturity benefit equal to the Sum Assured shall be payable. The policy shall terminate thereafter.

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, whenever the claim arises — there is no end date on the cover.

    Typical for whole life plans — confirm the exact terms in the brochure.

  2. After the premium-paying term ends

    There is no maturity date. Once the premium-paying term ends, no further premiums are due and the cover stays in force for the rest of the insured's life.

    Typical for whole life plans — confirm the exact terms in the brochure.

Optional riders

Accidental death (ADB)PTD / PWBCritical illness (CI)
  • बीमाशुल्क छुट लाभ

    प्रस्तावक/बालबालिका सुरक्षा संरचनाका लागि अन्तर्निहित बीमाशुल्क छुट लाभ।

  • Premium Waiver Benefit

    In-built premium waiver benefit for the proposer/child protection structure.

Premium

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