Citizen Endowment Plus Insurance Plan
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. A with-profit endowment life insurance plan that pays sum assured plus bonuses at maturity or to beneficiaries on untimely death. Provides double sum assured on natural death and triple sum assured in case of accidental death.
Declared bonus
Rate by policy term
Declared FY 2081/82
| Policy term | Rate / 1,000 | Prev. year |
|---|---|---|
| 0-9 | Rs 35 | Rs 35 |
| 10-14 | Rs 39 | Rs 42 |
| 15-19 | Rs 41 | Rs 45 |
| 20-24 | Rs 46 | Rs 50 |
| 25-29 | Rs 65 | Rs 63 |
| 30 and above | Rs 75 | Rs 73 |
Recent years
- FY 2081/82
- Rs 35–75/ 1,000
- FY 2080/81
- Rs 35–73/ 1,000
- FY 2079/80
- Rs 35–75/ 1,000
- FY 2078/79
- Rs 35–75/ 1,000
Source: Citizen 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
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What's included
Key highlights
- 2x sum assured on natural death
- 3x sum assured on accidental death
Features
- Double sum assured payable on natural death
- Triple sum assured payable on accidental death
- Policy term: 5 to 35 years
- Minimum sum assured: NPR 50,000
- Riders available: ADB, PTD, PWB, MIB, DSA, FE, CI
- Survival benefit: Sum assured + reversionary bonuses + terminal bonus
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
The nominee receives the sum assured plus the bonus built up to that date, and the policy ends.
Typical for endowment plans — confirm the exact terms in the brochure.
If the policy runs to maturity
You receive the sum assured plus the bonus built up to that date as a lump sum on the maturity date.
Typical for endowment plans — confirm the exact terms in the brochure.
If death is caused by an accident
With the accidental death rider, an additional amount is paid on top of the sum assured. The rider is optional and carries its own premium.
Typical for endowment plans — confirm the exact terms in the brochure.
Optional riders
Questions about this plan
What kind of plan is Citizen Endowment Plus Insurance Plan?
Citizen Endowment Plus Insurance Plan from Citizen Life Insurance is an endowment plan that pairs savings with life cover for a single adult, and suits people who want a guaranteed amount on a fixed future date.
Who can buy Citizen Endowment Plus Insurance Plan?
The entry age for Citizen Endowment Plus Insurance Plan is 18 – 65 years.
How long does Citizen Endowment Plus Insurance Plan run?
The policy term for Citizen Endowment Plus Insurance Plan is 5 to 35 years.
What bonus rate does Citizen Endowment Plus Insurance Plan earn?
For FY 2081/82, Citizen Life Insurance declared Rs 25–80 / 1,000 of sum assured on Citizen Endowment Plus Insurance Plan. Bonus rates are set each year and are not guaranteed.
Which riders can be added to Citizen Endowment Plus Insurance Plan?
Citizen Endowment Plus Insurance Plan 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