Himalayan Endowment Plan

This is a combination of the term insurance and a saving plan whereby the assured amount is payable either on the completion of a specified number of years or in case of death if it occurs earlier. : 11/02/2017
: 11/13/2017
Plan Name: Endowment life Assurance Plan
Minimum Sum Assured: 50,000/-
Maximum Sum Assured: According to the income of Life Assurance
Entry Age: 18 Years to 65 Years
Maximum age at the end of premium paying term: 70 years
Term: min. 5 Years to the max. 59 Years
Mode of paying method: Monthly, Quarterly, half Yearly, Yearly
Medical Requirement: As per Company Rule
Age Calculation Method: Age Nearer Birthday
Accidental Benefit: ADB/PWB/PTD Available up to Max. 1,00,00,000/-
Loan Facility: 3 year complete premium paid should be required for taking the loan.

Rebate on large Sum Assured:
Sum Assured: 2,00,000 /-  to 2,99,999 /-  Rebate Rs. 1/-
Sum Assured: 3,00,000 /-  & Above   Rebate Rs. 2/-

Rebate on Premium Paying Terms:
Mode of Payment Rebate
Yearly 2%
Half-yearly 1%
Quarterly NIL
Monthly Additional 5%

Loan Facility: 2 years of complete premium paid should be required for getting a Policy holder loan.
Surrender value, Paid up Value as per policy.
Policy Mature  Benefit: Sum Assured + Accrued Bonus
Death Benefits: Within Term Period – full Sum Assured + Accrued Bonus up to Term Period during Death.

1. Accidental Death benefits: Sum Assured + Additional Sum Assured up to Max. 1 crore or Actual sum Assured with ever is lower. + Accrued bonus up to Term Period during Death.
2. PTD/ PWB Benefits: Waiver of Premium during the term period of the policy after the total permanent disability occurs and monthly income benefits (MIB) provide to the policyholder of Sum Assured up to 120 months instalment basis and in case of remaining term to maturity be less than 120 months the balancing instalment will be payable in a lump sum on maturity or at death, if earlier.

Download Our App


Contact Info

  • Manakamana Marga, Kathmandu
  • +977-1-5970057
  • info@himalayanlife.com.np
  • www.himalayanlife.com.np