Himalayan Life Insurance Announces New Bonus Rates
Kathmandu — Himalayan Life Insurance Company Limited has officially published its revised bonus rate after receiving approval from the Nepal Insurance Authority on Baisakh 15 (March 28). The new rate is based on the company’s financial standing and liability assessment for the previous fiscal year.
The updated bonus rate applies to all 24 insurance policies offered by the company and varies depending on the insurance period and plan code. Under the new structure, the bonus rate per thousand insured amount ranges from a minimum of Rs 18 to a maximum of Rs 86.
For endowment plan, the bonus ranges from Rs 26 to Rs 63 depending on the policy duration. Similarly, endowment and lifetime insurance plans offer a bonus ranging from Rs 36 to Rs 75. The advance payment plan offers between Rs 56 and Rs 86, while the life gift (advance payment) plan is fixed at Rs 48 and the life gift (endowment) plan at Rs 31.
The endowment insurance plan offers a bonus between Rs 38 and Rs 76. For the 13 different term and life insurance plans, the bonus ranges from Rs 38 to Rs 73. Advance payment endowment plans with durations of 10, 12, and 15 years offer bonuses between Rs 34 and Rs 46. Annual cash-back plans (23 and 25) provide between Rs 32 and Rs 41, while the secure future life insurance plan (28) offers a bonus from Rs 18 to Rs 35.
According to the company, these rates will remain effective until a new bonus rate is announced and will apply to claims related to death, full or partial maturity, surrender value, paid-up value, and ongoing policies.
