Asian Pension (Deferred & Annuity Options)
Other
About this plan
Long-term pension (annuity) plan with entry age 18–60 and maturity/termination age 40–70. Minimum sum assured starts from NPR 10,000. Multiple annuity options available (5/10/15/20) years respectively.
What's included
Key highlights
- Entry age 18–60
- Min sum assured NPR 10,000
- Multiple annuity options
- Optional PWB / PTD / ADB riders
Features
- Entry age 18–60 years
- Maturity/termination age 40–70 years
- Premium payment period 5 to 54 years
- Sum assured from NPR 10,000 (max based on income)
- Premium payment modes: yearly, half-yearly, quarterly
- Multiple annuity options: guaranteed (5/10/15/20 years) then lifelong, lifelong only, return of purchase price, 3% annual increase
- Optional riders: Premium waiver (PWB), PTD (disability), Accidental death benefit (ADB)
- Annuity payment modes: monthly/quarterly/half-yearly/annual
- Minimum annuity instalments: monthly NPR 250, quarterly NPR 750, half-yearly NPR 1,500, annual NPR 3,000
Eligibility & term
- Entry age
- 18 – 60 years
- Policy term
- Premium payment period 5 to 54 years
- Sum assured
- From Rs 10,000
- Premium modes
- Yearly, Half-yearly, Quarterly
Benefits payout
- Death benefit
- Sum Assured + applicable bonus
- Maturity benefit
- Option to receive annuity as per chosen annuity option or use maturity amount (Sum Assured + Bonus) to purchase annuity
- Accidental benefit
- Payable as per terms if applicable
Declared bonus
Term-wise Breakdown
FY 2080/81
| Tenure (Years) | Rate (per '000) |
|---|---|
| 0-14 | Rs. 45 |
| 15-19 | Rs. 48 |
| 20-24 | Rs. 55 |
| 25 and above | Rs. 62 |
Reversionary bonus rates declared for the latest fiscal year based on policy term. Rates are revised annually and are not guaranteed for future years.
Optional riders
Accidental death (ADB)PTD / PWBCritical illness (CI)
Premium Waiver (PWB)
Premium payment waiver benefit (optional)
Permanent Total Disability (PTD)
Permanent total disability benefit (optional)
Accidental Death Benefit (ADB)
Accidental death benefit (optional)
Loan & liquidity
- Partial withdrawal
- No
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