Endowment Micro Life Insurance Plan
by LIC Nepal
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. This is a with-profit Endowment plan. Sum assured together with vested bonus is payable on maturity or on earlier death. The premium paying term is same as the policy term.
Declared bonus
Rate by policy term
Declared FY 2081/82
| Policy term | Rate / 1,000 | Prev. year |
|---|---|---|
| 5-30 | Rs 41 | Rs 41 |
Recent years
- FY 2081/82
- Rs 41/ 1,000
- FY 2080/81
- Rs 41/ 1,000
- FY 2079/80
- Rs 41/ 1,000
- FY 2078/79
- Rs 41/ 1,000
Source: LIC Nepal 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
- With-profit endowment
- Sum assured Rs.10,000 - Rs.300,000
- Entry age 18–65 yrs
Features
- With-profit (participating) endowment policy
- Policy term available 5 to 49 years
- Policy becomes paid-up after at least three full years premiums
- Policy surrender allowed after three full years
- Loan available after three years up to 90% of surrender value
- No rider available under this plan
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.
Typical for endowment plans — confirm the exact terms in the brochure.
If the policy runs to maturity
You receive the sum assured plus the bonus built up to that date as a lump sum on the maturity date.
Typical for endowment plans — confirm the exact terms in the brochure.
Optional riders
No optional riders are attached to this plan.
Questions about this plan
What kind of plan is Endowment Micro Life Insurance Plan?
Endowment Micro Life Insurance Plan from LIC Nepal is an endowment plan that pairs savings with life cover for a single adult, and suits people who want a guaranteed amount on a fixed future date.
Who can buy Endowment Micro Life Insurance Plan?
The entry age for Endowment Micro Life Insurance Plan is 18 – 65 years.
How long does Endowment Micro Life Insurance Plan run?
The policy term for Endowment Micro Life Insurance Plan is 5 to 49 years.
What bonus rate does Endowment Micro Life Insurance Plan earn?
For FY 2081/82, LIC Nepal declared Rs 41–65 / 1,000 of sum assured on Endowment Micro Life Insurance Plan. Bonus rates are set each year and are not guaranteed.
Premium
Quote on request