Frequently Asked Questions

Why buy life insurance?

One of the most important reasons to purchase life insurance is to ensure your loved ones are provided for financially. Life insurance is also useful in helping your survivors pay bills and debts after your death, as well as for funeral expenses. It may be used for wealth accumulation and distribution as part of an overall financial strategy.

How do I buy life insurance?

If you are interested in purchasing insurance, you should contact our local branch office or call 977-1-5970057. Our representative will fully assist you for plan selection as per your needs.

Why do I need life insurance?

There's no replacement for you and the contribution you make to your family. You want to make sure that people in your life, especially your dependents, can remain financially secure after you die. That's what life insurance does for you and your loved ones. It gives you peace of mind. Income replacement is the no. 1 reason why people buy life insurance. 

What Does Life Insurance Cover?

In its basic form, a life insurance policy provides death benefits and is designed to cover loss of income, end-of-life expenses, funeral costs and other financial needs that a family may have if you – the policyholder – should die unexpectedly.

Can I purchase a policy for my children?

You may purchase a rider to add a child or children to your policies with a variety of term and permanent life policies. Please contact our local branch office or call  +977-1-5970057

Do I need to have a medical examination?

Most life insurance requires a medical exam. Please talk to Himalayan Life’s Staff or authorised agent at your nearest local branch.

What is term life insurance?

Term life insurance provides protection for only a specified period of time. There is no cash value associated with term life coverage, which is why premiums are often lower than for other types of insurance. 

Does term life insurance policy have cash value?

No, term life insurance policies do not have a cash value or any amount you can borrow against

What is whole life insurance?

Whole life insurance provides protection for the entire life of the insured and provides a set level of security for your loved ones. You can borrow against the policy's cash value, as it accumulates over time, to help cover unforeseen expenses.

What are policy 'Riders'?

A policy rider is an additional benefit under an existing insurance policy that provides additional coverage to an insurance policy. Generally, policy riders are sold separately from insurance policies.

How soon does the coverage start?

Generally, your life insurance coverage will begin as soon as you are approved and your first payment is received.

How can I pay my premiums?

When buying life insurance from Himalayan Life, you have many flexible payment options like Single, Monthly, Quarterly, Half Yearly and Yearly. 

Can I hold multiple life insurance policies?

It's possible to hold multiple life insurance policies and in some cases, this might be worth considering. If, for example, you have an existing policy but you find you need more cover, you may find that the most efficient way to arrange this is by taking out an additional policy.

Who benefits from my life insurance?

This is completely dependent upon who the policyholder specifies.

Do women pay less for life insurance?

No. Women historically paid less for policies because they have a longer life expectancy, but since the European Court of Justice gender directive was introduced in 2012 this gender-related fact can no longer be considered when it comes to calculating premiums.

How much does life insurance cost?

Life insurance through your workplace may be more affordable than you think. In fact, many people can get term life insurance coverage from a quality company for a surprisingly low price.
Premiums are typically based on factors such as:

  • Age, sex, height and weight
  • Health status, including whether or not you smoke
  • Participation in high-risk occupations
Life insurance gets more expensive as you get older, and the type of coverage you choose will also affect your premium. Rates for term insurance are typically lower, while rates for permanent policies are typically higher.

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Contact Info

  • Manakamana Marga, Kathmandu
  • +977-1-5970057