SuryaJyoti Surakshit Bhawishya Jeevan Beema

by SuryaJyoti Life Insurance

Whole lifeParticipatingCode 3
6.2% market share100.0% claims settledEst. 2022

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. SuryaJyoti Surakshit Bhawishya Jeevan Beema is an endowment-cum-whole-life plan that provides lifelong cover and pays Basic Sum Assured with bonuses on maturity or to beneficiaries on death.

Declared bonus

Rate by policy term

Declared FY 2081/82

Policy termRate / 1,000Prev. year
0-9Rs 43Rs 43
10-14Rs 45Rs 45
15-19Rs 50Rs 50
20-24Rs 55Rs 55
25-29Rs 75Rs 75
30 and aboveRs 75Rs 75

Recent years

FY 2081/82
Rs 43–75/ 1,000
FY 2080/81
Rs 43–75/ 1,000
FY 2079/80
Rs 43–75/ 1,000

Source: SuryaJyoti 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

Rs
Rs 1.00 lakhRs 2.00 crore
years

Estimated value at maturity

What's included

Key highlights

  • Riders available: ADB, TPD, Premium Waiver, Critical Illness
  • Flexible policy term: 5–52 years

Features

  • Minimum Sum Assured NPR 100,000
  • Policy term from 5 to 52 years
  • Entry age 18–65 years
  • Maximum maturity age 70 years
  • Premium payment: Yearly, Half-yearly, Quarterly
  • Maturity benefit: Basic Sum Assured + Bonus
  • Optional riders: ADB, TPD, Premium Waiver, Critical Illness

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.

  1. 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.

  2. 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.

  3. 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 whole life plans — confirm the exact terms in the brochure.

Optional riders

Accidental death (ADB)PTD / PWBCritical illness (CI)
  • ADB

    Accidental Death Benefit

  • Critical Illness

    Critical illness coverage

  • Premium Waiver

    Premium waiver on disability

Loan & liquidity

Surrender allowed
After 3 years
Surrender value
80% of paid premiums
Loan facility
Up to 90% of surrender value
Grace period
30 days for annual

Pros & cons

Pros

  • HIGHEST bonus rates in Nepal - Rs 90 per 1000 SA (Chaurasi Puja plan)
  • 200+ branches - one of the widest networks
  • Merged entity of Surya Life + Jyoti Life - strong capital base
  • Competitive premium rates
  • Extensive product portfolio

Cons

  • Merged company - still integrating systems (may cause delays)
  • Bonus rates vary widely by product (Rs 40-90)
  • Brand recognition still building post-merger
  • Some products inherited from pre-merger may be discontinued

What affects your premium

  • Age at entry
  • Sum assured
  • Policy term (15-25 years)
  • Specific product selected (affects bonus)

How to claim

  1. 1Notify nearest branch
  2. 2Submit death certificate and policy
  3. 3Verification process
  4. 4Settlement within stipulated time

Best for

Bonus seekersWide network usersLarge policy holdersLong-term investors

What's not covered

  • Suicide within first 2 years
  • Pre-existing undisclosed conditions
  • Death from criminal activity

Questions about this plan

What kind of plan is SuryaJyoti Surakshit Bhawishya Jeevan Beema?

SuryaJyoti Surakshit Bhawishya Jeevan Beema from SuryaJyoti Life Insurance 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 SuryaJyoti Surakshit Bhawishya Jeevan Beema?

The entry age for SuryaJyoti Surakshit Bhawishya Jeevan Beema is 18 – 65 years.

How long does SuryaJyoti Surakshit Bhawishya Jeevan Beema run?

The policy term for SuryaJyoti Surakshit Bhawishya Jeevan Beema is 5-52 yrs.

What bonus rate does SuryaJyoti Surakshit Bhawishya Jeevan Beema earn?

For FY 2081/82, SuryaJyoti Life Insurance declared Rs 20–90 / 1,000 of sum assured on SuryaJyoti Surakshit Bhawishya Jeevan Beema. Bonus rates are set each year and are not guaranteed.

Which riders can be added to SuryaJyoti Surakshit Bhawishya Jeevan Beema?

SuryaJyoti Surakshit Bhawishya Jeevan Beema can be taken with the following optional riders: Accidental death (ADB), PTD / PWB, Critical illness (CI). Each rider carries its own premium.

Premium

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