HimalayanLife Pension Plan
HimalayanLife Pension Plan is a pension product that provides the security after active work-life. You have an option to choose two ways to get your pension for your life time.
Product Launched On :- 19 April, 2011
Policy Requirements
Minimum Sum Assured
NPR 25,000
Maximum Sum Assured
No limit
Minimum Policy Term
10
Maximum Policy Term
54
Minimum Entry Age
18
Maximum Entry Age
65
Max Maturity Age
70
Premium Paying Term
Equal to policy term
Premium Payment Frequency
Yearly, Half Yearly, Quarterly & Monthly
-
Benefits
At the time of Maturity:
Basic Sum Assured plus Vested Bonus with option to convert into immediate annuity (Pension) Plan
Death before maturity:
Basic Sum Assured plus Vested Bonus
Supplementary Riders
-
Accidental Death Benefit (ADB) and Total Permanent Disability and Premium Waiver (TPD/PW)
-
(Equal to basic sum assured or maximum NPR. 10,000,000 whichever is lower)
-
Critical Illness (CI) – This is optional rider coverage which shall be allowed to take our existing policyholders in the condition of medical fitness with effect from the policy anniversary date in all the product portfolio. However, the Company has sole discretion to accept or reject the application. The medical cost shall be borne by an applicant whatsoever. The maximum rider sum assured shall be NPR. 25,00,000 or actual basic sum assured whichever is lower.
-
Personal Accident (PA) – This is optional rider coverage which offers immense benefits during the policy period. This rider shall be allowed to take new policy holder as well as existing policy holders with effect from the policy anniversary date by paying additional rider premium. The maximum rider sum assured shall be NPR. 50,00,000 or actual basic sum assured whichever is lower