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. New Jeevan Tarang is a limited premium, with-profit limited premium whole life plan. It provides an annual survival benefit of 5.50% of the Sum Assured every year after the premium payment term.
Declared bonus
Rate by policy term
Declared FY 2081/82
| Policy term | Rate / 1,000 | Prev. year |
|---|---|---|
| 10 | Rs 50 | Rs 50 |
| 15 | Rs 51 | Rs 51 |
| 20 | Rs 55 | Rs 55 |
Recent years
- FY 2081/82
- Rs 50–55/ 1,000
- FY 2080/81
- Rs 50–55/ 1,000
- FY 2079/80
- Rs 50–55/ 1,000
- FY 2078/79
- Rs 50–55/ 1,000
- FY 2077/78
- Rs 52–62/ 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
- Limited premium whole life
- 5.50% annual survival benefit (after premium term)
- Sum Assured payable on death or at age 100
Features
- Limited premium whole life plan
- Annual survival benefit of 5.50% of Sum Assured after premium payment term
- Policy continues after premium term with yearly survival benefits
- Participating plan with reversionary bonuses
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, whenever the claim arises — there is no end date on the cover.
Typical for whole life plans — confirm the exact terms in the brochure.
After the premium-paying term ends
There is no maturity date. Once the premium-paying term ends, no further premiums are due and the cover stays in force for the rest of the insured's life.
Typical for whole life 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 New Jeevan Tarang?
New Jeevan Tarang from LIC Nepal is a whole life plan that covers the insured for life rather than a set number of years, and suits people who want to leave money behind for their family.
Who can buy New Jeevan Tarang?
The entry age for New Jeevan Tarang is 18 – 60 years.
How long does New Jeevan Tarang run?
The policy term for New Jeevan Tarang is 10 – 20 years.
How much cover can I take on New Jeevan Tarang?
The sum assured available on New Jeevan Tarang is From Rs 2,00,000.
What bonus rate does New Jeevan Tarang earn?
For FY 2081/82, LIC Nepal declared Rs 41–65 / 1,000 of sum assured on New Jeevan Tarang. Bonus rates are set each year and are not guaranteed.
Premium
Quote on request