Product Launch Date: 25/05/2022
“Nepal Life – Jeevan Udaya Ekal Jeevan Beema Yojana” is a single premium participating with-profits endowment plan. It provides annual simple reversionary bonuses, which are vested once declared.
This product offers the following benefits:
- In the event of death prior to maturity of the policy, two times of basic sum assured with accrued bonus will be paid to the beneficiary of the insured.
- At maturity of the policy, the basic sum assured with accrued bonus will be paid to the insured.
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Features |
Details |
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Entry age |
18 years to 55 years next birthday |
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Maximum age at Expiry |
70 years |
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Policy Term |
10 years to 30 years, depending on maximum age at expiry |
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Sum Assured |
Minimum Sum Assured: NRs. 50,000 Maximum Sum Assured: Based on Source and level of income |
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Premium payment mode |
Single-Premium Payment Mode |
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Death Benefits Before Maturity |
Two times Sum Assured plus Accrued Bonus |
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Maturity Benefits |
Sum Assured plus Accrued Bonus |
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Risk Commencement |
At the date of commencement of the policy |
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Surrender/Loan Benefits |
A surrender value is payable only after the completion of the 3 full policy year Policy loan is only applicable upon completion of 3 full policy year which will be equal to 90% of Surrender Value. Surrender value calculations are consistent with Beema Samiti’s guideline. |
Distribution Channel
Agency Channel
Target Market
Mass and mass affluent individuals who are planning to diversify the investment portfolio for financial stability for the future while obtaining coverage for the risk of death before the maturity of the policy.
