Himalayan Jeevan Upahar
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. Himalayan Jeevan Upahar is a money-back cum endowment life plan that issues an equal endowment 'Upahar' policy at the first anniversary at no cost. At maturity the product pays combined benefits of the base and Upahar policies along with earned bonuses.
Declared bonus
Rate by policy term
Declared FY 2081/82
| Policy term | Rate / 1,000 |
|---|---|
| 16 | Rs 52 |
| 15 | Rs 37 |
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
- Free Upahar policy after first anniversary
- Minimum sum assured NPR 500,000
- Critical Illness rider up to NPR 2,500,000
Features
- Money-back cum endowment structure
- Free equal endowment 'Upahar' policy at first policy anniversary
- Maturity benefit: 25% of base sum assured + 100% of Upahar sum assured plus bonuses
- High death benefits with differing treatment before/after first anniversary
- Optional riders: ADB, TPD/PW, Critical Illness, Personal Accident
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 Jeevan Upahar?
Himalayan Jeevan Upahar 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 Jeevan Upahar?
The entry age for Himalayan Jeevan Upahar is 18 – 54 years.
How long does Himalayan Jeevan Upahar run?
The policy term for Himalayan Jeevan Upahar is Base (PJUP): policy term 16 years; Upahar: 15 years.
What bonus rate does Himalayan Jeevan Upahar earn?
For FY 2081/82, Himalayan Life Insurance declared Rs 30–86 / 1,000 of sum assured on Himalayan Jeevan Upahar. Bonus rates are set each year and are not guaranteed.
Which riders can be added to Himalayan Jeevan Upahar?
Himalayan Jeevan Upahar 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