People who work in the insurance sector, in particular agents, convince the insureds, they will receive bonuses equal to the premium the amount will be double after matured 15yrs tenure. When we see the latest bonus rate of the insurance company in Nepal it is totally bluffed.
I also work as an agent for the top insurance companies in Nepal, and I’ve given 100 policies per year, but what we’ve been talking about isn’t really what we’re not talking about is real.
Life and property insurance is not a bad thing, because we live an uncertain life and unpredictable damage could occur in our properties. Insurance is protection against financial loss and compensation if any miserable thing has happened to the life of the policyholder.
Nepal is one of the nations with a high level of accidental death among the countries of South Asia. So, life insurance is very important to cover medical expenses, recompense for the permanent and partial disability, and compensation for the bereaved family in case of natural or accidental death of the insured.
If you want to earn money from an insurance company, be an agent, you will be rewarded with a good amount of commission on each policy you have given or invest in an insurance company.
Insurance yourself or your family member will not help to make enough money except covering the risk that we have taken in daily life.
What are the insurance company in Nepal?
An insurance company is a financial institution that operates under the license of NIB (Nepal Insurance Board) to issue the insurance policy for individuals and property. In addition, they can raise funds by selling the insurance policies and invest that money in the defined sector of NIB.
Where do the insurance companies invest in Nepal?
In the context of Nepal, they can invest only in the limited areas that allowed by the Nepal insurance board. Presently insurance firms can invest in fixed deposit-liquid short-term investments, low-risk bonds, and hydro projects.
What is the insurance bonus for the insured?
Apart from the risk coverage, the insurance company provides interest on the premium paid by the insured, which is called the bonus rate of the insurance company. There is not a similar bonus rate of insurance company in Nepal base on the premium.
Who defines the premium bonus in Nepal?
The insurance company can not provide the policyholder with its own bonus rate, the National Insurance Board defines an annual bonus rate for the insurance company on the basis of income, policy number, and paid-up capital.
Bonus rate of insurance company in Nepal
Nepal life insurance bonus rate;
- Fixed-term and group insurance
- 5 to 20 years: Rs. 64 per thousand.
- 21 to 25 years: Rs. 72 per thousand
- 25 years term: Rs. 82 per thousand.
- In advance return (Money back plan)
- 10-year: Rs. 65 per thousand
- 15 years: Rs. 65 per thousand
- 20 years: Rs. 65 per thousand
- In advance payment (Jeevan Sambidri)
- 15yrs term: Rs. 62 per thousand
- 20yrs term: Rs. 64 per thousand
National life insurance bonus rate;
- Fixed-term and group insurance
- 5 to 15 years: Rs. 61 per thousand
- 16 to 20 years: Rs. 61 per thousand
- 21 to 25 years: Rs. 62 per thousand
- Above 26yrs: Rs. 80 per thousand
- In advance payment insurance (Money back plan)
- 15 years: Rs. 60 per thousand
- 20 years: Rs. 60 per thousand
- 25 years: Rs. 61 per thousand
- Lifetime term insurance
- 5 to 15 years: Rs. 61 per thousand
- 16 to 20 years: Rs. 61 per thousand
- 21 to 25 years: Rs. 62 per thousand
- Above 26yrs: Rs. 80 per thousand
Life Insurance Corporation (LIC) bonus rate
- Jeevan Astha Yojana
- 5 years: Rs 85 per thousand
- 3 years: Rs 80 per thousand
- Endowment Life Insurance Policy
- 25 years or above: Rs. 80 per thousand
- 20 – 24 years: Rs. 66 per thousand
- 5 – 19 years: Rs. 65 per thousand
- Money-Back Endowment Policy
- 25 years: Rs 68 per thousand
- 20 years: Rs 67 per thousand
- 15 years: Rs 66 per thousand
- Endowment and Whole Life Policy
- 25 years or above: Rs 80 per thousand
- 20 -24 years: Rs 70 per thousand
- 5-19 years: Rs 66 per thousand
- Jeevan Tarang(Pension) Policy
- 20 years: Rs 77 per thousand
- 15 years: Rs 68 per thousand
- 10 years: Rs 66 per thousand
Surya life insurance bonus rate
- Fixed-term insurance
- 1 -9 years: Rs. 38 per thousand
- 10-14yrs: Rs. 43 per thousand
- 15- 19yrs: Rs. 48 per thousand
- 20-24yrs: Rs. 58 per thousand
- 25-29yrs: Rs. 63 per thousand
- 30 above: Rs. 73 per thousand
- Life term insurance (Money back plan)
- 1 -9 years: Rs. 38 per thousand
- 10-14yrs: Rs. 43 per thousand
- 15- 19yrs: Rs. 48 per thousand
- 20-24yrs: Rs. 58 per thousand
- 25-29yrs: Rs. 63 per thousand
- 30 above: Rs. 73 per thousand
- In advance returned
- 10-14yrs: Rs. 45 per thousand
- 15- 19yrs: Rs. 45 per thousand
- 20-24yrs: Rs. 55 per thousand
- 25-29yrs: Rs. 63 per thousand
American Life Insurance company (MetLife) bonus rate
- Term of Policy- Endowment Plan
- 1 to 15 Years: Rs. 65/- per thousand
- 16 to 20 years: Rs. 70/- per thousand
- 21 Years and above: Rs. 80/- per thousand
- Three Payment Plan (3PP)
- 1 to 15 Years: Rs. 50/- per thousand
- 16 to 20 years: Rs.60/- per thousand
- 21 Years and above: Rs. 70/- per thousand
- Education Protection Plan (EPP)
- 1 to 15 Years: Rs. 65/- per thousand
- 16 to 20 years: Rs.75/- per thousand
- 21 Years and above: Rs. 85/- per thousand
Prabhu Life Insurance bonus rates
- Fixed-term insurance
- 1 -9 years: Rs. 30 per thousand
- 10-14yrs: Rs. 30 per thousand
- 15- 19yrs: Rs. 40 per thousand
- 20-24yrs: Rs. 50 per thousand
- 25 above: Rs. 70 per thousand
- Life term insurance
- 10-14yrs: Rs.30 per thousand
- 15- 19yrs: Rs. 40 per thousand
- 20-24yrs: Rs. 50 per thousand
- In advance returned (Money back plan)
- 1 -9 years: Rs. 30 per thousand
- 10-14yrs: Rs. 30 per thousand
- 15- 19yrs: Rs. 40 per thousand
- 20-24yrs: Rs. 50 per thousand
- 25 above: Rs. 70 per thousand
Sun Life Insurance bonus rates
- Fixed-term insurance
- 1 -9 years: Rs. 20 per thousand
- 10-14yrs: Rs. 25 per thousand
- 15- 19yrs: Rs. 35 per thousand
- 20-24yrs: Rs. 50 per thousand
- 25 above: Rs. 70 per thousand
- Life term insurance
- 1 -9 years: Rs. 20 per thousand
- 10-14yrs: Rs. 25 per thousand
- 15- 19yrs: Rs. 35 per thousand
- 20-24yrs: Rs. 50 per thousand
- 25 above: Rs. 70 per thousand
- In advance returned (Money back plan)
- 10-14yrs: Rs. 20 per thousand
- 15- 19yrs: Rs. 25 per thousand
- 20-24yrs: Rs. 30 per thousand
- In advance returned life term (Money back plan)
- 15- 19yrs: Rs. 35 per thousand
IME Life Insurance bonus rates
- Fixed-term insurance
- 1 -9 years: Rs. 25 per thousand
- 10-14yrs: Rs. 25 per thousand
- 15- 19yrs: Rs. 30 per thousand
- 20-24yrs: Rs. 45 per thousand
- 25 above: Rs. 70 per thousand
- Life term insurance
- 1 -9 years: Rs. 25 per thousand
- 10-14yrs: Rs. 25 per thousand
- 15- 19yrs: Rs. 30 per thousand
- 20-24yrs: Rs. 45 per thousand
- 25 above: Rs. 70 per thousand
- In advance returned (Money back plan)
- 1 -9 years: Rs. 25 per thousand
- 10-14yrs: Rs. 25 per thousand
- 15- 19yrs: Rs. 30 per thousand
- 20-24yrs: Rs. 45 per thousand
- 25 above: Rs. 70 per thousand
Jyoti Life Insurance bonus rates
- Fixed-term insurance
- 1 -9 years: Rs. 40 per thousand
- 10-14yrs: Rs. 41 per thousand
- 15- 19yrs: Rs. 49 per thousand
- 20-24yrs: Rs. 55 per thousand
- 25 above: Rs. 70 per thousand
- Life term insurance
- 1 -9 years: Rs. 40 per thousand
- 10-14yrs: Rs. 41 per thousand
- 15- 19yrs: Rs. 49 per thousand
- 20-24yrs: Rs. 55 per thousand
- 25 above: Rs. 70 per thousand
- In advance returned (Money back plan)
- 10-14yrs: Rs. 40 per thousand
- 15- 19yrs: Rs. 41 per thousand
- 20-24yrs: Rs. 50 per thousand
Relience Life Insurance bonus rates
- Fixed-term insurance
- 1 -9 years: Rs. 35 per thousand
- 10-14yrs: Rs. 35 per thousand
- 15- 19yrs: Rs. 40 per thousand
- 20-24yrs: Rs. 50 per thousand
- 25 above: Rs. 70 per thousand
- Life term insurance
- 1 -9 years: Rs. 35 per thousand
- 10-14yrs: Rs. 35 per thousand
- 15- 19yrs: Rs. 40 per thousand
- 20-24yrs: Rs. 50 per thousand
- 25 above: Rs. 70 per thousand
- In advance returned (Money back plan)
- 15- 19yrs: Rs. 40 per thousand
- 20-24yrs: Rs. 50 per thousand
Sannima Life Insurance bonus rates
- Fixed-term insurance
- 1 -9 years: Rs. 35 per thousand
- 10-14yrs: Rs. 35 per thousand
- 15- 19yrs: Rs.40 per thousand
- 20-24yrs: Rs. 45 per thousand
- 25 above: Rs. 65 per thousand
- Life term insurance
- 1 -9 years: Rs. 35 per thousand
- 10-14yrs: Rs. 35 per thousand
- 15- 19yrs: Rs.40 per thousand
- 20-24yrs: Rs. 45 per thousand
- 25 above: Rs. 65 per thousand
- In advance returned (Money back plan)
- 10-14yrs: Rs. 35 per thousand
- 15- 19yrs: Rs. 40 per thousand
- 20-24yrs: Rs. 65 per thousand
Citizen Life Insurance bonus rates
- Fixed-term insurance
- 1 -9 years: Rs. 35 per thousand
- 10-14yrs: Rs. 38 per thousand
- 15- 19yrs: Rs.40 per thousand
- 20-24yrs: Rs. 45 per thousand
- 25-29yrs: Rs. 60 per thousand
- 30 above: Rs. 70 per thousand
- Life term insurance
- 1 -9 years: Rs. 35 per thousand
- 10-14yrs: Rs. 35 per thousand
- 15- 19yrs: Rs. 38 per thousand
- 20-24yrs: Rs. 40 per thousand
- 25-29yrs: Rs. 40 per thousand
- 30 above: Rs. 55 per thousand
- In advance returned (Money back plan)
- 10-14yrs: Rs. 40 per thousand
- 15- 19yrs: Rs. 45 per thousand
- 20-24yrs: Rs. 50 per thousand
Guransh Life Insurance bonus rates
- Fixed-term insurance
- 10-14yrs: Rs. 51 per thousand
- 15- 19yrs: Rs. 56 per thousand
- 20-24yrs: Rs. 61 per thousand
- 25 above: Rs. 86 per thousand
- Life term insurance
- 10-14yrs: Rs. 52 per thousand
- 15- 19yrs: Rs. 57 per thousand
- 20-24yrs: Rs. 62 per thousand
- 25 above: Rs. 87 per thousand
- In advance returned (Money back plan)
- 10-14yrs: Rs. 47 per thousand
- 15- 19yrs: Rs. 52 per thousand
- 20-24yrs: Rs. 57per thousand
Conclusion: bonus rate of insurance company in Nepal is defined by the Nepal insurance board not from the insurance comapny. If you want save money for the good return, you can choose the one of the above insurance company which offers the high interest rate.
