Customer Service: 01-5970971 (Sun-Sat | 9:00 AM - 6:00 PM )  / 9801170971 Email: customer.service@nepallife.com.np

Customer Care: 01-5970971
Get Quote Download Brochure

Nepal Life Jeevan Udaya Ekal Jeevan Beema Yojana

Product Launch Date: 25/05/2022

“Nepal Life – Jeevan Udaya Ekal Jeevan Beema Yojana” is a single premium participating with-profits endowment plan. It provides annual simple reversionary bonuses, which are vested once declared.

This product offers the following benefits:

  • In the event of death prior to maturity of the policy, two times of basic sum assured with accrued bonus will be paid to the beneficiary of the insured.
  • At maturity of the policy, the basic sum assured with accrued bonus will be paid to the insured.

 

Features

Details

Entry age

18 years to 55 years next birthday

Maximum age at Expiry

70 years

Policy Term

10 years to 30 years, depending on maximum age at expiry

Sum Assured

Minimum Sum Assured: NRs.  50,000

Maximum Sum Assured: Based on Source and level of income

Premium payment mode

Single-Premium Payment Mode

Death Benefits Before Maturity

Two times Sum Assured plus Accrued Bonus

Maturity Benefits

Sum Assured plus Accrued Bonus

Risk Commencement

At the date of commencement of the policy

Surrender/Loan Benefits

A surrender value is payable only after the completion of the 3 full policy year

Policy loan is only applicable upon completion of 3 full policy year which will be equal to 90% of Surrender Value.

Surrender value calculations are consistent with Beema Samiti’s guideline.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distribution Channel

Agency Channel

 

Target Market

Mass and mass affluent individuals who are planning to diversify the investment portfolio for financial stability for the future while obtaining coverage for the risk of death before the maturity of the policy.

 

Jiwan Udaya Ekal 

Risk Not Covered by Insurance

If the death of the insured is directly or indirectly due to any of the following reasons, the amount to be paid under the insurance policy is not as per the sum assured mentioned in the schedule but if there is any surrender value of the insurance policy, only that amount will be paid.

 

In the following cases, claims will be excluded for consideration.

 

        • Engaging in aviation other than as a fare paying passenger on a regular route of a recognized aviation service
        • Any war-like operations (whether war be declared or not), riot, civil commotion, rebellion or invasion
        • Any breach of civil or military law
        • Suicide, whether sane or insane, within two years after the date of commencement of assurance.
        • Engaging in risky occupation without formal notification to the Company.

Except for the risks mentioned above, this policy will not restrict migration, travel, or occupation abroad.

If any dispute arises under this policy, it will be solved in accordance with the insurance Act, 2049.

 

 

More Products from Endowment

Keta-Keti Jeevan Beema
Every parent spun dreams for better education marriage and successful life for their off springs. In ...

Jeevan laxmi - Triple Benefit Scheme With Bonus
Product Launch Date: 20/09/2006 Considering the tensions and uncertainties of modern life, it beco ...

Jeevan Jyoti
Product Launch Date: 26/02/2012 This plan is most popular form of life assurance. This i ...

Jeevan Sarathi Beema Yojana
Product Launch Date:29/07/2007 This is JOINT LIFE POLICY. The policies under this plan are issued ...

Naulo Surakshit Jeevan Beema Yojana

It is a participating/ with-profits endowment plan. It provides annual simple reversionary bonuses, which are vested once declared.

Nepal Life Naulo Keta Keti Jeevan Beema Yojana

Nepal Life-Naulo Keta-Keti Jeevan Beema Yojana is a participating/with-profits children’s endowment plan. It provides annual simple reversionary bonuses, which are vested once declared.

Nepal Life Sammunat Jeevan Beema Yojana

“Nepal Life – Sammunnat Jeevan” Jeevan Beema Yojana is a participating with-profits endowment plan. It provides annual simple reversionary bonuses, which are vested once declared. 

Nepal Life Sunaulo Bhabisya Jiwan Bima Yojana

Endowment/Anticipated Cum Whole Life Assurance Plan With Profit This plan is an ideal savings and protection plan at an affordable price. Apart from covering the risk, helps the policyholder save regularly over the term of the policy. Tahe plan gives the flexibility to choose additional yearly money-back options to customers which must be selected at the time of purchase.