Kathmandu. Reliable Nepal Life Insurance has announced a new lease of life in the financial year 2081. The government has announced a new bonus rate for Rs 82.
The company’s fiscal year 2081. The actuarial report related to financial accounting and liability valuation of the year 82 has been approved by the Nepal Insurance Authority through a letter dated December 9. After the approval of the authority, the company has fixed a new bonus rate for the life insurance policies issued to participate in the profits (earn bonus). The company has announced a minimum bonus of Rs 20 to a maximum of Rs 75 per 1,000 sum insured.
Reliable Term Life Insurance Plan
The company has announced a bonus rate ranging from a minimum of Rs 50 to a maximum of Rs 62 per thousand. Under this scheme, bonus rate for period of 5 to 9 years has been fixed at Rs 50,000, with 10 to 14 years bonus at Rs 55, with 15 to 19 years at Rs 62 and with 20 years and above bonus rate of Rs 75.
{{TAG_OPEN_strong_52}Reliable Accessible Life Insurance/Sulabh Bal Jeevan Bisur Plus Plan/Sarvasulabh Bal Jeevan Bisurya/Easy Child Life Insurance{
Under this scheme, every thousand with a period of 5 to 9 years will be Rs 25, with 10 years to 14 years will be Rs 29, with 15 to 19 years will be Rs 33 and with 20 years or above will be Rs 41.
Reliable Easy Life Insurance (Single & Limited Term Payment)
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The bonus rate has been set at Rs 25 per thousand with validity of 5 years to 14 years and Rs 26 with validity of Rs 15 and above.
Short Term Life Policies (Insurance Committee) and Reliable Short Term Life Insurance
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Under this scheme, the company has set up Rs 32 for 10 years to 14 years, Rs 33 for 15 to 19 years, Rs 34 for 20 to 24 years and Rs 35 for 25 years and above.
Term and Life Insurance Plans
Under this scheme, the company has set up Rs 30,000 with a period of 5 to 9 years, Rs 35 for 10 years to 14 years, Rs 40 for 15 to 19 years, Rs 45 for 20 to 24 years and Rs 50 for 25 years and above.
Reliable Advance Payment Term Insurance Plan
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Under this scheme, the bonus rate has been set at Rs 50 for 10, 12 and 14 years and Rs 55 with tenure of 16, 18 and 20 years.
Reliable Prosperity Life Insurance
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Bonus rate for bonus period of 5 to 14 years, bonus rate for 15 to 24 years has been set at Rs 20, and bonus rate for 25 years and above.
Reliable Higher Education Scheme (Term Insurance Account for Children)
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The bonus rate for repancies of 5 years to 14 years, bonus rate for 15 years to 19 years has been set at Rs 60, and bonus size with 20 years and above is Rs 65.
The bonus rate will be applicable to death claims, full or part-term payment claims, surrender value claims, paid-up prices and current policies for the said period.
