Kathmandu. Seven insurance companies have announced bonus rates for the fiscal year 2080/81 so far. So far, Reliable Nepal Life, Sanima Reliance Life, Suryajyoti Life Insurance, Met Life, Citizen Life, Nepal Life and IME Life Insurance have announced them.
#Suryajyoti Life
This company has announced a bonus of minimum Rs. 40 to Rs. 75 in term life insurance plans, minimum Rs. 40 to Rs. 75 in term and whole life insurance plans, minimum Rs. 42 to Rs. 60 in advance payment life insurance plans, and minimum Rs. 45 to Rs. 90 in Chaurasi Puja life insurance plans for the financial year 2080/81.
Nepal Life
The company has set a bonus rate for the fiscal year 2080. 81 from a minimum of Rs. 55 to a maximum of Rs. 85. Term life insurance policies (Surakshit Jeevan, Jeevan Jyoti, Gramin Term Life, Savadhik Laghu, Ketakatei Bal Shiksha Yojana, Jeevan Laxmi, Anmol Jeevan, Jeevan Udaya Ekal) have been fixed at Rs. 60 per thousand for 0 to 10 years, 11 to 15 years and 16 to 20 years and Rs. 70 for 21 to 25 years, Rs. 82 for 26 to 30 years and Rs. 82 for 30 years and above. Term life insurance policies (Naulo Surakshit, Naulo Ketakatei Leyba) have been fixed at Rs. 65 for 0 to 10 years, 11 to 15 years and 16 to 20 years and Rs. 72 for 21 to 25 years, Rs. 82 for 26 to 30 years and Rs. 82 for 30 years and above.
Universal Life Insurance (Jeev Samunanta) has been fixed at Rs. 56 for 0 to 10 years, 11 to 15 years and 16 to 20 years and Rs. 60 for 21 to 25 years, Rs. 70 for 26 to 30 years and Rs. 70 for above 30 years. Universal Life Insurance (Sunaulo Bhavishya Jeevan Bima Yojana-Option 1, Rabikalp 2) has been fixed at Rs. 60 for 0 to 10 years, 11 to 15 years and 16 to 19 years and Rs. 62 for 20 to 25 years, Rs. 65 for 26 to 30 years and Rs. 65 for above 30 years, Universal Life Insurance (Sunaulo Bhavishya Jeevan Bima Yojana-Option 1, Single Premium) has been fixed at Rs. 55 for 0 to 10 years, 11 to 15 years and 16 to 19 years and Rs. 57 for 20 to 25 years, Rs. 60 for 26 to 30 years and Rs. 60 for above 30 years.
Term life insurance policy (Ketaketi Sunaulo Bhavishya, Jeevan Bima Yojana) has been fixed at Rs. 60 for 0 to 10 years, 11 to 15 years and 16 to 19 years and Rs. 62 for 20 to 25 years. Term and life insurance policy (Jeevan Sahara, Anmol Jeevan) has been fixed at Rs. 60 for 0 to 10 years, 11 to 15 years and 16 to 20 years and Rs. 70 for 21 to 25 years, Rs. 82 for 26 to 30 years and Rs. 82 for 30 years and above.
In advance payment term insurance policy (Jeevan Samriddhi), the insured will get Rs. 56 per thousand for a period of 15 years and Rs. 56 bonus for a period of 20 years. Advance payment term (Dhan Varsha-15, Dhan Varsha-20, Naulo Jeevan Samriddhi, Jeevan Unnati, Naulo Dhan Varsha, Jeevan Shanti, Sons and In Sadabahar Jeevan), the premium is Rs 56 for 0 to 10 years, 11 to 15 years, 16 to 20 years, 21 to 25 years, 26 to 30 years and above 30 years. In Advance Payment Term Insurance (Naulo Jeevan Sambriddhi), the premium is Rs 56 for 0 to 10 years, 11 to 15 years, 16 to 20 years, 21 to 25 years, 26 to 30 years and above 30 years. In Others (Jeevan Sarathi), the premium is Rs 62 per thousand for 0 to 10 years, 11 to 15 years and 16 to 20 years and Rs 72 for 21 to 25 years, Rs 85 for 26 to 30 years and above 30 years.
##Citizen Life Insurance
The company has set a bonus rate of Rs. 25 per thousand to a maximum of Rs. 80. In advance payment term (regular) life insurance policies, the bonus rate is Rs. 44 for 10 to 14 years, Rs. 49 for 15 to 19 years, and Rs. 55 for 20 to 24 years.
The bonus rate for annual advance payment term insurance policies is Rs. 25 for 0 to 9 years, Rs. 27 for 10 to 14 years, Rs. 27 for 15 to 19 years, and Rs. 28 for 20 to 24 years. The Citizen Shubharambha Yojana (Savadhik Plus) insurance policy has a bonus rate of Rs 35 for 0 to 9 years, Rs 39 for 10 to 14 years, Rs 41 for 15 to 19 years, Rs 46 for 20 to 24 years, Rs 65 for 25 to 29 years and Rs 75 for 30 or above.
The bonus rate for term (regular) life insurance policy has been set at Rs 38 for 0 to 9 years, Rs 42 for 10 to 14 years, Rs 45 for 15 to 19 years, Rs 50 for 20 to 24 years, Rs 63 for 25 to 29 years and Rs 73 for 30 or above. The Citizen Child Futures Plan (Term) and Citizen Child Futures Plan Plus (Term) policies will offer a bonus rate of Rs 40 for 0 to 9 years, Rs 44 for 10 to 14 years, Rs 47 for 15 to 19 years, Rs 52 for 20 to 24 years, and Rs 67 for 25 to 29 years. The bonus rate for term and whole life insurance policies (Citizen Jeevan Sarathi Plan) is Rs 38 for 0 to 9 years, Rs 39 for 10 to 14 years, Rs 41 for 15 to 19 years, Rs 43 for 20 to 24 years, Rs 65 for 25 to 29 years, and Rs 80 for 30 years or more.
##
## ##IME Life Insurance
## The company has set a bonus rate from a minimum of Rs 22 to a maximum of Rs 80. The bonus rate for term limited term payment and term and child term is Rs 32 for 0 to 9 years, Rs 32 for 10 to 14 years, Rs 40 for 15 to 19 years, Rs 52 for 20 to 24 years, Rs 67 for 25 to 29 years and Rs 70 for 30 or more years. The bonus rate for group term plans is Rs 32 for 0 to 9 years, Rs 32 for 10 to 14 years, Rs 40 for 15 to 19 years, Rs 55 for 20 to 24 years, Rs 70 for 25 to 29 years, and Rs 75 for 30 years or more.
In term and lifetime plans, the bonus rate has been fixed at Rs 32 for periods of 0 to 9 years and 10 to 14 years, Rs 45 for periods of 15 to 19 years, Rs 55 for periods of 20 to 24 years, Rs 65 for periods of 25 to 29 years and Rs 80 for periods of 30 or more. In advance payment and lifetime, the bonus rate has been fixed at Rs 32 for periods of 10 to 14 years, Rs 38 for periods of 15 to 19 years, Rs 50 for periods of 20 to 24 years and Rs 63 for periods of 25 to 29 years.
In advance payment term, the bonus rate has been fixed at Rs 30 for periods of 10 to 14 years, Rs 35 for periods of 15 to 19 years, Rs 48 for periods of 20 to 24 years and Rs 63 for periods of 25 to 29 years. The bonus rate for Child Advance Payment Term Life Insurance (Bal Umang) is Rs. 30 per thousand for the period of 10 to 14 years, Rs. 37 for the period of 15 to 19 years, Rs. 50 for the period of 20 to 24 years and Rs. 65 for the period of 25 to 29 years.
The bonus rate for Annual Child Advance Payment Term Life Insurance (Bal Kiran) is Rs. 30 for the period of 10 to 14 years, Rs. 40 for the period of 15 to 19 years, Rs. 44 for the period of 20 to 24 years and Rs. 60 for the period of 25 to 29 years. The bonus rate for Annual Advance Payment Term Life Insurance (Dhan Sarita) is Rs. 22 for all the periods.
##
## ##Met Life Insurance
## The company has set the bonus rate for the advance payment plan (Three Payment Plan) at Rs 45 for a period of 1 to 15 years, Rs 55 for a period of 16 to 20 years and Rs 65 for a period of 21 years or above. The bonus rate for the advance payment plan (Midterm Growth Plan) has been set at Rs 45 for a period of 1 to 15 years, Rs 50 for a period of 16 to 20 years and Rs 55 per thousand for a period of 21 years or above. The bonus rate for term life insurance (endowment plan) is Rs 55 for a term of 1 to 15 years, Rs 65 for a term of 16 to 20 years, and Rs 75 per thousand for a term of 21 years or more.
The bonus rate for education protection insurance (Education Protection Plan) is Rs 55 for a term of 1 to 15 years, Rs 65 for a term of 16 to 20 years, and Rs 75 per thousand for a term of 21 years or more.
Reliable Nepal Life
Reliable Nepal Life has announced a bonus ranging from a minimum of Rs 20 to a maximum of Rs 75. The bonus rate for the Reliable Term Life Insurance Plan is Rs 50 per thousand for 5 to 9 years, Rs 55 for 10 to 14 years, Rs 62 for 15 to 19 years and Rs 75 per thousand for 20 years or above.
Reliable Sulabh Jeevan Bima Lekh Sulabh Bal Jeevan Bima Lekh Plus Yojana has been fixed at Rs 25 for 5 to 9 years, Rs 29 for 10 to 14 years, Rs 33 for 15 to 19 years and Rs 41 for 20 years or above.
Reliable Sajilo Jeevan Bima (Single and Limited Term Payment) has been fixed at Rs 25 for 5 to 14 years and Rs 26 for 15 and above. The bonus rate for Short Term Life Insurance (Insurance Committee) and Reliable Short Term Life Insurance has been fixed at Rs 31 for 5 to 9 years, Rs 32 for 10 to 14 years, Rs 33 for 15 to 19 years and Rs 34 for 20 to 24 years and Rs 35 for 25 and above.
The premium for term and life insurance plans is Rs 30 for 5 to 9 years, Rs 35 for 10 to 14 years, Rs 40 for 15 to 19 years, Rs 45 for 20 to 24 years, and Rs 50 for 25 and above.
The bonus rate for Reliable Advance Payment Term Insurance Plans is Rs 50 per thousand for 10, 12, and 14 years, and Rs 55 for 16, 18, and 20 years.
The bonus rate for Reliable Samunnati Life Insurance Plans is Rs 20 for 5 to 14 years, Rs 21 for 15 to 24 years, and Rs 23 for 25 and above.
The bonus rate for the Reliable Higher Education Plan (Child’s General Insurance Policy) is Rs. 60 for 5 to 14 years, Rs. 62 for 15 to 19 years, and Rs. 65 for 20 years or more.
#Sanima Reliance Life
The company has set a minimum bonus rate of Rs. 19 to a maximum of Rs. 75 in various plans. In the Term Life Insurance Plan (Regular), Rs. 35 for 0 to 9 years, Rs. 35 for 10 to 14 years, Rs. 40 for 15 to 19 years, Rs. 20 to 24 years The bonus rate has been fixed at Rs 45 and Rs 70 for those above 25 years.
The bonus rate for Term Life Insurance (Single) is Rs 35 for 0 to 9 years, Rs 35 for 10 to 14 years, Rs 38 for 15 to 19 years, Rs 43 for 20 to 24 years and Rs 65 for those above 25 years.
The bonus rate for Triple Term Insurance is Rs 20 for 10 to 14 years, Rs 20 for 15 to 19 years, Rs 25 for 20 to 24 years and Rs 30 for those above 25 years.
In the couple term insurance plan, the bonus rate has been fixed at Rs 20 for 15 to 19 years, Rs 25 for 20 to 24 years and Rs 30 for 25 years and above. In term and whole life, the bonus rate has been fixed at Rs 35 for 0 to 9 years, Rs 35 for 10 to 14 years, Rs 40 for 15 to 19 years, Rs 45 for 20 to 24 years and Rs 70 for 25 years and above.
In the advance payment plan, the bonus rate has been fixed at Rs 32 for 10 to 14 years, Rs 37 for 15 to 19 years and Rs 42 for 20 to 24 years. In the annual advance payment plan, the bonus rate has been fixed at Rs 19 for 15 to 19 years and Rs 21 for 20 to 24 years.
Term Security Insurance Scheme (Regular Fee and Single Fee) The bonus rate for the regular fee is Rs 24 for the entire insurance period of this scheme and Rs 54 for the single fee. The company has sold 8,855 policies of this scheme.
The bonus rate for the entire period of the 15-year advance payment plan is Rs 41. 619 policies of this scheme have been sold. The bonus rate for the entire period of the 20-year advance payment plan is Rs 45. 295 policies of this scheme have been sold.
The bonus rate for the entire period of the converted annual advance payment plan is Rs 30. 597 policies of this scheme have been sold. The bonus rate for the entire period of the group term insurance is Rs 19. 1,694 insurance policies have been sold under this plan.
The bonus rate for term and whole life insurance is Rs. 30 for 0 to 9 years, Rs. 35 for 10 to 14 years, Rs. 40 for 15 to 19 years, Rs. 45 for 20 to 24 years, and Rs. 60 for 25 years and above. The bonus rate for term insurance is Rs. 30 for 0 to 9 years, Rs. 32 for 10 to 14 years, Rs. 35 for 15 to 19 years, Rs. 45 for 20 to 24 years, and Rs. 75 for 25 years and above.
The bonus rate for limited payment term insurance is Rs 40 for 10 to 14 years, Rs 42 for 15 to 19 years, Rs 52 for 20 to 24 years and Rs 65 for 25 years and above. The Child Benefit Plan has Rs 19 for 10 to 113 years, Rs 20 for 14 to 15 years, Rs 22 for 16 years, Rs 23 for 17 years, Rs 25 for 18 years, Rs 26 for 19 years, Rs 27 for 20 years, Rs 28 for 21 years, Rs 30 for 22 years, Rs 31 for 23 years, Rs 32 for 24 years and Rs 34 for 25 years and above.
##
##
## ##The bonus rate announced by the companies is applicable to death claims, full or partial term payment claims, surrender value claims, paid-up value claims and current insurance policies. The bonus rate will remain in effect until the next year’s actuarial valuation is approved by the Insurance Authority.
##
##
## ##inline_tags_PLACEHOLDER_109
