Himalayan Endowment Cum Whole Life Insurance Plan

This is an extension of the term insurance whereby the Assured amount is payable only on death of the assured whenever that may occur at the time of maturity. In this case, the premium is payable up to a stipulated period by insured sum is payable only upon the death of the insured to his nominee. : 10/30/2017
: 11/06/2017
Plan Name: Endowment Cum Whole life Assurance Plan
Minimum Sum Assured: 100,000/-
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 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 require for taking 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-year complete premium paid should be required for getting a Policyholder loan.
Surrender value, Paid-up Value as per policy.
Policy Mature Benefit: Sum Assured + Accrued Bonus
Survival Benefits at age of 100 years: Sum Assured
Death Benefits: Within Term Period - Sum Assured + Accrued Bonus up to Term Period during Death.
Death Benefits after policy mature: Sum Assured.
1. Accidental Death benefits: Sum Assured + Additional Sum Assured up to Max. 1 crore or Actual sum assured whichever is lower. + Accrued bonus up to Term Period during Death.
2. PTD/ PWB Benefits: Waiver of Premium during term period of the policy after the total permanent disability occurs and monthly income benefits (MIB) be provided provide to policyholder equals to 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.

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Contact Info

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