Himalayan Barshik Nagad (Annual Cash Back Life) 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. You also receive part of the cover amount at set points during the term, not only at the end. This is an anticipated endowment policy that returns 4% of the sum assured annually after the first year until maturity. Accrued bonus plus the remaining sum assured is paid at maturity. In case of death during the policy term, sum assured plus bonus is paid to the nominee.
Declared bonus
Rs 30–86
per Rs 1,000 sum assured, per year · declared FY 2081/82
Source: Himalayan 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
- 4% annual cash back
- Minimum sum assured NPR 500,000
- Entry age 18–55 years
- Policy term 10–20 years
- Maximum maturity age 65 years
Features
- 4% of sum assured returned annually
- Accrued bonus plus remaining sum assured payable at maturity
- Sum assured plus bonus payable to nominee on death during term
- Additional benefits: Premium Waiver, Accidental Death Benefit, Permanent Total Disability Benefit
- Policy term: 10–20 years
- Minimum sum assured: NPR 500,000
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
The nominee receives the sum assured plus the bonus built up to that date. Instalments already paid out along the way are not deducted from this amount.
Typical for money-back plans — confirm the exact terms in the brochure.
Along the way, while the policy is in force
A set share of the sum assured is paid at fixed points during the term. The schedule on this page shows when each instalment falls due.
Typical for money-back plans — confirm the exact terms in the brochure.
If the policy runs to maturity
You receive the balance of the sum assured plus the bonus built up to that date — the part not already paid as instalments.
Typical for money-back 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 money-back plans — confirm the exact terms in the brochure.
Optional riders
Questions about this plan
What kind of plan is Himalayan Barshik Nagad (Annual Cash Back Life) Insurance Plan?
Himalayan Barshik Nagad (Annual Cash Back Life) Insurance Plan from Himalayan Life Insurance is a money-back plan that releases part of the sum assured at set points during the term instead of only at the end.
Who can buy Himalayan Barshik Nagad (Annual Cash Back Life) Insurance Plan?
The entry age for Himalayan Barshik Nagad (Annual Cash Back Life) Insurance Plan is 18 – 55 years.
How long does Himalayan Barshik Nagad (Annual Cash Back Life) Insurance Plan run?
The policy term for Himalayan Barshik Nagad (Annual Cash Back Life) Insurance Plan is 10–20 years.
What bonus rate does Himalayan Barshik Nagad (Annual Cash Back Life) Insurance Plan earn?
For FY 2081/82, Himalayan Life Insurance declared Rs 30–86 / 1,000 of sum assured on Himalayan Barshik Nagad (Annual Cash Back Life) Insurance Plan. Bonus rates are set each year and are not guaranteed.
Which riders can be added to Himalayan Barshik Nagad (Annual Cash Back Life) Insurance Plan?
Himalayan Barshik Nagad (Annual Cash Back Life) Insurance Plan can be taken with the following optional riders: Accidental death (ADB), PTD / PWB. Each rider carries its own premium.
Premium
Quote on request