Kathmandu. Reliable Nepal Life Insurance Company has announced a new bonus rate for the fiscal year 2080.81.
The Nepal Insurance Authority had informed that the actuarial report on the financial statements and liability valuation of the company for the fiscal year 2080.81 had been approved by the Nepal Insurance Authority through a letter dated Falgun 26. After the approval of the authority, the company has set a new bonus rate for life insurance policies issued by participating in the profits brought in by the company (earning bonuses). The company has announced a bonus of Rs 20 per thousand to Rs 70 per thousand.
##Reliable Term Life Insurance Plan
The company has announced a bonus rate of Rs 50 per thousand to Rs 62 per thousand in this insurance plan. In this plan, the bonus rate is Rs 50 per thousand for the period of 5 to 9 years, Rs 55 for the period of 10 to 14 years, Rs 62 for the period of 15 to 19 years and Rs 75 per thousand for the period of 20 years or more. The company has sold 345 insurance policies with a term of 15 to 19 years. During this period, the insured will receive a bonus of Rs. 62 per thousand.
##Reliable Sulabh Jeevan Beemalekh/Sulabh Bal Jeevan Beemalekh Plus Yojana
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Under this plan, the premium has been fixed at Rs. 25 per thousand for a term of 5 to 9 years, Rs. 29 for a term of 10 to 14 years, Rs. 33 for a term of 15 to 19 years and Rs. 41 for a term of 20 years or more. The company has sold 41,332 insurance policies with a term of 15 to 19 years or more under this plan. During this period, the insured will receive a bonus of Rs. 33 per thousand.
##Reliable Sajid Life Insurance (Single and Limited Term Payment)
Under this plan of the company, the bonus rate has been fixed at Rs. 25 per thousand for a period of 5 to 14 years and Rs. 26 for a period of 15 and above. 1,592 insurance policies of 15 and above terms have been sold under this scheme.
#Short Term Life Insurance Policy (Insurance Committee) and Reliable Short Term Life Insurance Policy
Under this scheme, the premium per thousand has been fixed at Rs 31 for a period of 5 to 9 years, Rs 32 for a period of 10 to 14 years, Rs 33 for a period of 15 to 19 years, Rs 34 for a period of 20 to 24 years, and Rs 35 for a period of 25 and above. Under this scheme, 2,129 insurance policies with a term of 15 to 19 years have been sold.
##Term and Life Insurance Scheme
Under this scheme, the premium per thousand has been fixed at Rs. 30 for a term of 5 to 9 years, Rs. 35 for a term of 10 to 14 years, Rs. 40 for a term of 15 to 19 years, Rs. 45 for a term of 20 to 24 years, and Rs. 50 for a term of 25 and above. Under this scheme, 4,038 insurance policies with a term of 15 to 19 years have been sold.
##Reliable Advance Payment Universal Insurance Scheme
Under this scheme of the company, a bonus rate of Rs. 50 per thousand has been fixed for a term of 10, 12 and 14 years, and Rs. 55 for a term of 16, 18 and 20 years.
##Reliable Samunnati Life Insurance
Under this plan of the company, the bonus rate has been fixed at Rs. 20 per thousand for a period of 5 to 14 years, Rs. 21 for a period of 15 to 24 years and Rs. 23 for a period of 25 and above.
##Reliable Higher Education Plan (Child’s Universal Life Insurance Policy)
The bonus rate has been fixed at Rs. 60 per thousand for the period of 15 to 19 years, Rs. 62 for the period of 15 to 19 years and Rs. 65 for the period of 20 years or more. The company has sold 484 insurance policies for the period of 15 to 19 years.
The bonus rate as per the above for the mentioned period of the company is also applicable to death claims, full or partial term payment claims, surrender value claims, paid-up value and current insurance policies. The bonus rate will also be fixed accordingly for all claims to be paid until the next actuarial valuation report is approved by the Nepal Insurance Authority.
