Limited Payment Endowment Cum Whole Life 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 participating life product where policyholders pay premium for a limited period while coverage continues for whole life. Offers flexible premium-paying terms, maturity/survival benefits, death benefits and accidental benefits, with surrender value, policy loan and tax benefits.
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
- Min Sum Assured NPR 50,000
- Entry age 18–65 years
- Policy term 5–30 years
- Riders: ADB, MIB, PWB
- Accidental death additional cover
Features
- Limited premium payment with whole-life coverage (participating)
- Flexible premium paying terms (options like 1,5,10,15,20,25 years)
- Minimum sum assured NPR 50,000
- Rider benefits: ADB, MIB, PWB
- Survival benefit: Sum assured plus vested bonus at maturity
- Death benefit: During policy term - sum assured plus vested bonus; after maturity - sum assured only
- Surrender value and policyholder loan available
- Accidental death benefit up to sum assured or NPR 10,000,000 (whichever is lower)
- Rebates on large sum assured and on payment mode
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, whenever the claim arises — there is no end date on the cover.
Typical for whole life plans — confirm the exact terms in the brochure.
After the premium-paying term ends
There is no maturity date. Once the premium-paying term ends, no further premiums are due and the cover stays in force for the rest of the insured's life.
Typical for whole life 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 whole life plans — confirm the exact terms in the brochure.
Optional riders
Questions about this plan
What kind of plan is Limited Payment Endowment Cum Whole Life Plan?
Limited Payment Endowment Cum Whole Life Plan from Himalayan Life Insurance is a whole life plan that covers the insured for life rather than a set number of years, and suits people who want to leave money behind for their family.
Who can buy Limited Payment Endowment Cum Whole Life Plan?
The entry age for Limited Payment Endowment Cum Whole Life Plan is 18 – 65 years.
How long does Limited Payment Endowment Cum Whole Life Plan run?
The policy term for Limited Payment Endowment Cum Whole Life Plan is 5 to 30 years.
What bonus rate does Limited Payment Endowment Cum Whole Life Plan earn?
For FY 2081/82, Himalayan Life Insurance declared Rs 30–86 / 1,000 of sum assured on Limited Payment Endowment Cum Whole Life Plan. Bonus rates are set each year and are not guaranteed.
Which riders can be added to Limited Payment Endowment Cum Whole Life Plan?
Limited Payment Endowment Cum Whole Life Plan can be taken with the following optional riders: Accidental death (ADB), PTD / PWB. Each rider carries its own premium.
Premium
Quote on request