IME Child Annual Money Back Plan (IME Bal Kiran)
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. If you are ever unable to keep paying, the plan carries on by itself and your child still receives the full amount when the term ends. A child-focused annual money-back life insurance plan offering regular, single or limited premium payment options. Provides annual money-back payments during the policy term, maturity benefit plus vested bonus, and includes compulsory benefits like premium waiver and income benefit.
Declared bonus
Rate by policy term
Declared FY 2081/82
| Policy term | Rate / 1,000 | Prev. year |
|---|---|---|
| 10-14 | Rs 30 | Rs 30 |
| 15-19 | Rs 40 | Rs 40 |
| 20-24 | Rs 44 | Rs 44 |
| 25-29 | Rs 60 | Rs 60 |
Recent years
- FY 2081/82
- Rs 30–60/ 1,000
- FY 2080/81
- Rs 0–60/ 1,000
- FY 2079/80
- Rs 30–60/ 1,000
- FY 2078/79
- Rs 0–60/ 1,000
- FY 2077/78
- Rs 0–63/ 1,000
Source: IME 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
- Periodic cashbacks to support child's education
- 4% money-back annually from year 4
- Generous maturity payout plus vested bonus
- Mandatory premium waiver and income benefit included
Features
- Minimum Sum Assured: NPR 100,000
- Annual money-back: 4% of SA payable each policy anniversary after completion of 4 years
- Maturity benefit: [125% of SA – (U–4)*4% of SA] + vested bonus
- Entry age (life assured/child): 0–17 years (age last birthday)
- Proposer entry age: 18–60 years (age nearest birthday)
- Policy term: 10–25 years
- Premium modes: Single, Yearly, Half-yearly, Quarterly; premium term options: regular, limited, single
- Risk commencement: 2 years after policy start or on child completing 6 years of age, whichever is later
- Compulsory benefits: Premium Waiver Benefit and Income Benefit
- Optional riders: Accidental Death Benefit, Lump-sum Benefit, Funeral Expense
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. Most child plans are written on the parent's life, so see the next case for how the child is protected.
Typical for child plans — confirm the exact terms in the brochure.
If the policy runs to maturity
The child receives the sum assured plus the bonus built up to that date, timed to the age set when the policy was taken out.
Typical for child 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 child plans — confirm the exact terms in the brochure.
Optional riders
Questions about this plan
What kind of plan is IME Child Annual Money Back Plan (IME Bal Kiran)?
IME Child Annual Money Back Plan (IME Bal Kiran) from IME Life Insurance is a child plan that is taken out by a parent or guardian to fund a child's education and future.
Who can buy IME Child Annual Money Back Plan (IME Bal Kiran)?
The entry age for IME Child Annual Money Back Plan (IME Bal Kiran) is 0 – 17 years.
How long does IME Child Annual Money Back Plan (IME Bal Kiran) run?
The policy term for IME Child Annual Money Back Plan (IME Bal Kiran) is 10-25 years.
What bonus rate does IME Child Annual Money Back Plan (IME Bal Kiran) earn?
For FY 2081/82, IME Life Insurance declared Rs 22–80 / 1,000 of sum assured on IME Child Annual Money Back Plan (IME Bal Kiran). Bonus rates are set each year and are not guaranteed.
Which riders can be added to IME Child Annual Money Back Plan (IME Bal Kiran)?
IME Child Annual Money Back Plan (IME Bal Kiran) can be taken with the following optional riders: Accidental death (ADB), PTD / PWB. Each rider carries its own premium.
Premium
Quote on request