HimalayanLife Pension Plan is a pension product that provides income security after active working life. At maturity you receive Basic Sum Assured plus vested bonus with an option to convert into an immediate annuity (pension).
What's included
Key highlights
- Designed for long-term retirement income
- Flexible premium payment frequencies
- Multiple supplementary riders available
Features
- Entry age 18 to 65 years
- Minimum Sum Assured NPR 25,000; no maximum limit
- Policy term 10–54 years
- Premium paying term equals policy term
- Maturity benefit: Basic Sum Assured plus vested bonus; option to convert to immediate annuity
- Supplementary riders available: 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, and the policy ends.
Typical for life insurance plans — confirm the exact terms in the brochure.
If the policy runs to maturity
You receive the sum assured on the maturity date.
Typical for life insurance 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 life insurance plans — confirm the exact terms in the brochure.
Optional riders
Questions about this plan
Who can buy HimalayanLife Pension Plan?
The entry age for HimalayanLife Pension Plan is 18 – 65 years.
How long does HimalayanLife Pension Plan run?
The policy term for HimalayanLife Pension Plan is 10–54 years.
Which riders can be added to HimalayanLife Pension Plan?
HimalayanLife Pension 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