Asian Pension (Deferred & Annuity Options)
In simple terms: you pay a fixed amount each year, and at the end of the term you get your cover amount back together with the bonus the insurer adds along the way. 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.
Declared bonus
Rate by policy term
Declared FY 2081/82
| Policy term | Rate / 1,000 | Prev. year |
|---|---|---|
| 0-14 | Rs 45 | Rs 45 |
| 15-19 | Rs 48 | Rs 48 |
| 20-24 | Rs 55 | Rs 55 |
| 25 and above | Rs 62 | Rs 62 |
Recent years
- FY 2081/82
- Rs 45–62/ 1,000
- FY 2080/81
- Rs 45–62/ 1,000
- FY 2079/80
- Rs 45–65/ 1,000
Source: Asian Life Insurance declaration for FY 2081/82
Bonus rates are declared annually and are not guaranteed. Past rates do not guarantee future rates.
Maturity estimator
Estimated value at maturity
—
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
What happens in each case
Each plan pays out differently depending on what happens during the term. These are the situations that matter for this kind of plan.
If the insured passes away during the term
This plan states: Sum Assured + applicable bonus
If the policy runs to maturity
This plan states: Option to receive annuity as per chosen annuity option or use maturity amount (Sum Assured + Bonus) to purchase annuity
If death is caused by an accident
This plan states: Payable as per terms if applicable
Optional riders
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
Questions about this plan
Who can buy Asian Pension (Deferred & Annuity Options)?
The entry age for Asian Pension (Deferred & Annuity Options) is 18 – 60 years.
How long does Asian Pension (Deferred & Annuity Options) run?
The policy term for Asian Pension (Deferred & Annuity Options) is 5 – 54 years.
How much cover can I take on Asian Pension (Deferred & Annuity Options)?
The sum assured available on Asian Pension (Deferred & Annuity Options) is From Rs 10,000.
What bonus rate does Asian Pension (Deferred & Annuity Options) earn?
For FY 2081/82, Asian Life Insurance declared Rs 42–75 / 1,000 of sum assured on Asian Pension (Deferred & Annuity Options). Bonus rates are set each year and are not guaranteed.
What is paid if the insured passes away during the term?
Sum Assured + applicable bonus
What is paid when Asian Pension (Deferred & Annuity Options) matures?
Option to receive annuity as per chosen annuity option or use maturity amount (Sum Assured + Bonus) to purchase annuity
Which riders can be added to Asian Pension (Deferred & Annuity Options)?
Asian Pension (Deferred & Annuity Options) can be taken with the following optional riders: Accidental death (ADB), PTD / PWB, Critical illness (CI). Each rider carries its own premium.
Premium
Quote on request