Money Back 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. You also receive part of the cover amount at set points during the term, not only at the end. A money-back life insurance plan that provides death protection throughout the term and pays periodic survival benefits at specified durations during the term. In case of death, the full Sum Assured is payable irrespective of prior survival benefits.
Declared bonus
Rate by policy term
Declared FY 2081/82
| Policy term | Rate / 1,000 |
|---|---|
| Rs 0 |
Recent years
- FY 2081/82
- Rs 41–65/ 1,000
- FY 2077/78
- Rs 0/ 1,000
* Company-wide declared range — the plan's own term bands were not published that year.
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
- Minimum Sum Assured: NPR 20,000
- Available term options: 15 / 20 / 25 years (varies by version)
- Survival benefits paid in periodic installments
Features
- With-profit policy (bonuses applicable)
- Minimum Sum Assured NPR 20,000; no upper limit
- Policy becomes paid-up after at least two full years' premiums
- Policy surrender allowed after three full years subject to payment of due premiums
- Loan up to 90% of surrender value available after three years
- Accident benefit and permanent disability riders available for ages 18–70
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. Instalments already paid out along the way are not deducted from this amount.
Typical for money-back plans — confirm the exact terms in the brochure.
Along the way, while the policy is in force
A set share of the sum assured is paid at fixed points during the term. The schedule on this page shows when each instalment falls due.
Typical for money-back plans — confirm the exact terms in the brochure.
If the policy runs to maturity
You receive the balance of the sum assured plus the bonus built up to that date — the part not already paid as instalments.
Typical for money-back plans — confirm the exact terms in the brochure.
Optional riders
Questions about this plan
What kind of plan is Money Back Plan?
Money Back Plan from LIC Nepal is a money-back plan that releases part of the sum assured at set points during the term instead of only at the end.
Who can buy Money Back Plan?
The entry age for Money Back Plan is 18 – 55 years.
How long does Money Back Plan run?
The policy term for Money Back Plan is 15 – 25 years.
How much cover can I take on Money Back Plan?
The sum assured available on Money Back Plan is From Rs 20,000.
What bonus rate does Money Back Plan earn?
For FY 2081/82, LIC Nepal declared Rs 41–65 / 1,000 of sum assured on Money Back Plan. Bonus rates are set each year and are not guaranteed.
Which riders can be added to Money Back Plan?
Money Back Plan can be taken with the following optional riders: PTD / PWB. Each rider carries its own premium.
Premium
Quote on request