Jeevan Labh
by LIC Nepal
Endowment361
About this plan
A with-profit individual endowment plan where the premium paying term is 5 years less than the policy term. Provides maturity benefit (Sum Assured + accrued bonus) on survival, death benefit (Sum Assured + accrued bonus) on death, and additional funeral expense payment.
What's included
Key highlights
- With-profit endowment plan
- Risk cover extends 5 years beyond premium paying term
- Funeral expense benefit included
Features
- Premium paying term = policy term minus 5 years; risk cover continues for 5 years after premium term
- Maturity benefit: Sum Assured + accrued bonus
- Death benefit: Sum Assured + accrued bonus + funeral expense (25% of SA or Rs.100,000 whichever is lower)
- Premium payment term: (Policy term - 5) years
Eligibility & term
- Entry age
- 18 – 60 years
- Policy term
- 10 / 15 / 20 / 25 years
Declared bonus
Term-wise Breakdown
FY 2081/82
| Tenure (Years) | Rate (per '000) |
|---|---|
| 10 | Rs. 51 |
| 15 | Rs. 53 |
| 20 | Rs. 55 |
| 25 | Rs. 57 |
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)
No optional riders are attached to this plan.
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