About LIC(Nepal)ltd
LIC (Nepal) Ltd. is one of the largest capitalized public limited insurance companies of Nepal. A joint venture between Life Insurance Corporation of India(55%) and Vishal Group of Nepal (25%), the insurance company has public participation to the extent of 20%. Life insurance corporation (Nepal) Ltd. is instituted under the Companies Act 2053 , 27.12.2000 and has Registration No: 765-057/58 The Company Started its Operations on 1.09.2001.
Products of LIC (Nepal) ltd
Endowment
Plan Number - 333
LIC (Nepal) Ltd. is one of the largest capitalized public limited insurance companies of Nepal. A joint venture between Life Insurance Corporation of India(55%) and Vishal Group of Nepal (25%), the insurance company has public participation to the extent of 20%. Life insurance corporation (Nepal) Ltd. is instituted under the Companies Act 2053 , 27.12.2000 and has Registration No: 765-057/58 The Company Started its Operations on 1.09.2001.
Products of LIC (Nepal) ltd
Endowment
Plan Number - 333
Description
To maintain the standard of living to which you and your family are accustomed, you need sufficient money. Therefore, it's better for you and your beloved family to be protected from financial burden of an uncertain future. Regular saving through the insurance can protect you and your family for safe future.
Benefits
Under this plan the Sum Assured with vested bonuses is payable either on the date of maturity or on earlier death.
Features
This is a with profit policy. Mininum Sum Assured is 10,000 and no limit for maximum Sum Assured The policy becomes paid up if at least two full Years premium is paid. The policy can be surrendered after completion of two full Years with payment of all due premiums. Loan is payable under the policy after two years to the extent of 90% of Surrender value. If at least two full Years premium have been paid and if death occurs within next one year from first unpaid premium full sum assured is payable subject to rules and regulation. Term Rider upto twice the basis S.A. for policies with age at entry & maturity between 18 Years and 60 Years is available to policy holder for adult. Sum Assured not more than two lakhs. Double accident benefit including permanent disability benefit is available from the age of 18 to 70 Years.
To maintain the standard of living to which you and your family are accustomed, you need sufficient money. Therefore, it's better for you and your beloved family to be protected from financial burden of an uncertain future. Regular saving through the insurance can protect you and your family for safe future.
Benefits
Under this plan the Sum Assured with vested bonuses is payable either on the date of maturity or on earlier death.
Features
This is a with profit policy. Mininum Sum Assured is 10,000 and no limit for maximum Sum Assured The policy becomes paid up if at least two full Years premium is paid. The policy can be surrendered after completion of two full Years with payment of all due premiums. Loan is payable under the policy after two years to the extent of 90% of Surrender value. If at least two full Years premium have been paid and if death occurs within next one year from first unpaid premium full sum assured is payable subject to rules and regulation. Term Rider upto twice the basis S.A. for policies with age at entry & maturity between 18 Years and 60 Years is available to policy holder for adult. Sum Assured not more than two lakhs. Double accident benefit including permanent disability benefit is available from the age of 18 to 70 Years.
Money Back
Plan Number: 334,335,336,337,339
Description
Under this plan, provided the policy is inforce for full Sum Assured for the term mentioned in the table below, the Sum Assured will be paid in installments at periodic intervals However in the event of death the full Sum Assured is payable without any deduction or adjustment for the amount that may have been paid earlier by way of Survival benefits. The bonus additions to the policy will be reckoned on the full SA and are payable at the end of the selected term of years or at the Life Assured's death, if previous.
Plan Number: 334,335,336,337,339
Description
Under this plan, provided the policy is inforce for full Sum Assured for the term mentioned in the table below, the Sum Assured will be paid in installments at periodic intervals However in the event of death the full Sum Assured is payable without any deduction or adjustment for the amount that may have been paid earlier by way of Survival benefits. The bonus additions to the policy will be reckoned on the full SA and are payable at the end of the selected term of years or at the Life Assured's death, if previous.
Plan No Term Survival Benefits
5 year 10 year 15 year 20 year 25 year
334 15 years 15% 25% 60% - -
335 20 years - 25% 25% 50% -
336 25 years - 10% 15% 25% 50%
337 20 years - 15% 25% 60% -
339 15 years 25% 25% 50% - -
Features
This is a with profit policy. The policy becomes paid up if at least two full years premium is paid. The policy can be surrendered after completion of two full years with payment of all due premiums. Loan is payable under the policy after two years to the extent of 90% of Surrender value. If at least two full years premium have been paid and if death occurs within next one year from first unpaid premium full Sum Assured is payable subject to rules and regulations. Term Rider upto twice the basis S.A. for policies with age at entry & maturity between 18 years and 60 years is available to policy holder for adult. Sum Assured not more than two lakhs. Double accident benefit including permanent disability benefit is available from the age of 18 to 70 years.
Child Plan
Bal Mamata (Plan No. 340)
Bal Saneha (Plan No. 341)
Description
This plan has guaranteed additions of Rs. 65/- per thousand Sum Assured per annum for the first 5-year and reversionary bonuses thereafter. The accrued guaranteed additions and vested reversionary bonuses would be payable either on maturity or immediately on death after the commencement of risk. The option is available under the plans to pay the premiums up to the age of 16 Years [340] or 20 Years [341].
The benefit available under this plan is as follows
In the age of 16 years 25% of Sum Assured
In the age of 18 Years 25% of Sum Assured
In The age of 20 Years 50% of Sum Assured+ Bonus Amount
Jeevan Anand
Plan Number: 342
Description
This plan is a combination of endowment with profit plan and deferred whole life without profit plan. It provides the pre-decided SA along with vested bonuses at the end of the premium paying term, but the risk cover on the life continues till death of the Life Assured.
Features
This is a with profit policy. Sum Assured along with the vested bonus, if any, are payable at the end of the Premum Paying Term; maturity value. Sum Assured along with vested bonus are payable on death of the Life Assured during the Premum Paying Term. An amount equal to the Sum Assured is payable on death after the Premium Paying Term, free insurance cover after maturity. Double accident benefit including permanent disability benefit is available from the age of 18 to 70 Years.
Griha Laxmi
Plan Number: 343
Description
An amount equals to Basic Sum Assured along with vested guaranteed additions and vested bonus will be paid if Life Assured dies.4% of the Sum Assured every year after the end of 3rd year till the end of 14th year will be paid. [12 installments and balance Sum Assured at the time of maturity]
During the first 5 year of policy, guaranteed additions @ of Rs. 65/- per thousand Sum Assured will accrue at the end of each completed year. These will be paid on earlier death of the Life Assured during the term of the policy or at maturity. Policy will participate in bonus after 5 Years.Policy Loans are not available under this plan
Bima Kiran
Plan Number: 344
Description
It is a low premium term assurance plan. This provides the pre-decided SA during PPT and 50% of Pre-decided SA within 10 years after maturity if LA dies. Else premiums paid excluding extra premium will be refunded at maturity. Policy loans and surrender value are not available under this plan.
Jeevan Tarang
Plan Number: 345
Description
This plan provides annual survival benefit @5% of the SA every year after the chosen accumulation period. The vested bonuses in a lump-sum are payable on survival to the end of the accumulation period or on death, if earlier. Further the SA is payable on survival to age 100 years or on death, if earlier. Policy Loans and surrender value are not available under this plan
5 year 10 year 15 year 20 year 25 year
334 15 years 15% 25% 60% - -
335 20 years - 25% 25% 50% -
336 25 years - 10% 15% 25% 50%
337 20 years - 15% 25% 60% -
339 15 years 25% 25% 50% - -
Features
This is a with profit policy. The policy becomes paid up if at least two full years premium is paid. The policy can be surrendered after completion of two full years with payment of all due premiums. Loan is payable under the policy after two years to the extent of 90% of Surrender value. If at least two full years premium have been paid and if death occurs within next one year from first unpaid premium full Sum Assured is payable subject to rules and regulations. Term Rider upto twice the basis S.A. for policies with age at entry & maturity between 18 years and 60 years is available to policy holder for adult. Sum Assured not more than two lakhs. Double accident benefit including permanent disability benefit is available from the age of 18 to 70 years.
Child Plan
Bal Mamata (Plan No. 340)
Bal Saneha (Plan No. 341)
Description
This plan has guaranteed additions of Rs. 65/- per thousand Sum Assured per annum for the first 5-year and reversionary bonuses thereafter. The accrued guaranteed additions and vested reversionary bonuses would be payable either on maturity or immediately on death after the commencement of risk. The option is available under the plans to pay the premiums up to the age of 16 Years [340] or 20 Years [341].
The benefit available under this plan is as follows
In the age of 16 years 25% of Sum Assured
In the age of 18 Years 25% of Sum Assured
In The age of 20 Years 50% of Sum Assured+ Bonus Amount
Jeevan Anand
Plan Number: 342
Description
This plan is a combination of endowment with profit plan and deferred whole life without profit plan. It provides the pre-decided SA along with vested bonuses at the end of the premium paying term, but the risk cover on the life continues till death of the Life Assured.
Features
This is a with profit policy. Sum Assured along with the vested bonus, if any, are payable at the end of the Premum Paying Term; maturity value. Sum Assured along with vested bonus are payable on death of the Life Assured during the Premum Paying Term. An amount equal to the Sum Assured is payable on death after the Premium Paying Term, free insurance cover after maturity. Double accident benefit including permanent disability benefit is available from the age of 18 to 70 Years.
Griha Laxmi
Plan Number: 343
Description
An amount equals to Basic Sum Assured along with vested guaranteed additions and vested bonus will be paid if Life Assured dies.4% of the Sum Assured every year after the end of 3rd year till the end of 14th year will be paid. [12 installments and balance Sum Assured at the time of maturity]
During the first 5 year of policy, guaranteed additions @ of Rs. 65/- per thousand Sum Assured will accrue at the end of each completed year. These will be paid on earlier death of the Life Assured during the term of the policy or at maturity. Policy will participate in bonus after 5 Years.Policy Loans are not available under this plan
Bima Kiran
Plan Number: 344
Description
It is a low premium term assurance plan. This provides the pre-decided SA during PPT and 50% of Pre-decided SA within 10 years after maturity if LA dies. Else premiums paid excluding extra premium will be refunded at maturity. Policy loans and surrender value are not available under this plan.
Jeevan Tarang
Plan Number: 345
Description
This plan provides annual survival benefit @5% of the SA every year after the chosen accumulation period. The vested bonuses in a lump-sum are payable on survival to the end of the accumulation period or on death, if earlier. Further the SA is payable on survival to age 100 years or on death, if earlier. Policy Loans and surrender value are not available under this plan
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