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 with-profit individual endowment plan where the premium paying term is 5 years less than the policy term. Provides maturity benefit (Sum Assured + accrued bonus) on survival, death benefit (Sum Assured + accrued bonus) on death, and additional funeral expense payment.
Declared bonus
Rate by policy term
Declared FY 2081/82
| Policy term | Rate / 1,000 | Prev. year |
|---|---|---|
| 10 | Rs 51 | Rs 51 |
| 15 | Rs 53 | Rs 53 |
| 20 | Rs 55 | Rs 55 |
| 25 | Rs 57 | Rs 57 |
Recent years
- FY 2081/82
- Rs 51–57/ 1,000
- FY 2080/81
- Rs 51–57/ 1,000
- FY 2079/80
- Rs 51–55/ 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 plan
- Risk cover extends 5 years beyond premium paying term
- Funeral expense benefit included
Features
- Premium paying term = policy term minus 5 years; risk cover continues for 5 years after premium term
- Maturity benefit: Sum Assured + accrued bonus
- Death benefit: Sum Assured + accrued bonus + funeral expense (25% of SA or Rs.100,000 whichever is lower)
- Premium payment term: (Policy term - 5) years
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 Jeevan Labh?
Jeevan Labh 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 Jeevan Labh?
The entry age for Jeevan Labh is 18 – 60 years.
How long does Jeevan Labh run?
The policy term for Jeevan Labh is 10 – 25 years.
How much cover can I take on Jeevan Labh?
The sum assured available on Jeevan Labh is From Rs 50,000.
What bonus rate does Jeevan Labh earn?
For FY 2081/82, LIC Nepal declared Rs 41–65 / 1,000 of sum assured on Jeevan Labh. Bonus rates are set each year and are not guaranteed.
Premium
Quote on request