Citizen Life Insurance Company Limited is a Nepali life insurer established in 2017, offering a range of endowment, money-back, child, pension and term life plans through a nationwide branch network.
135
Branches
—
ATMs
10
Products
Asar 2083
Effective
All policies & details (10)
Citizen Child Future Plan Plus
Child
Child savings-and-protection plan building a sum assured plus bonus for the child's future, with a risk-deferment period and premium-waiver protection for the parent.
Sum assured
Rs 5 lakh
Policy term
5–25 yrs
Entry age
0–17 yrs
Maturity age
25 yrs
Annual premium
Rs 21,980/yr
Premium term
Regular, Limited or Single
Bonus
Vested bonus declared annually (rate not published)
Annual premium: Premium is quoted on request — this insurer does not publish a rate online. Use "Get a quote".
Child savings-and-protection plan building a sum assured plus bonus for the child's future, with a risk-deferment period and premium-waiver protection for the parent.
Riders: Premium Waiver Benefit (PWB)Accidental Death Benefit (ADB)Permanent Total Disability (PTD)
Plan details
Maturity benefit: Sum assured plus vested bonus payable at maturity if the child survives.
Surrender: Surrender/paid-up value as admissible.
Exclusions: Deferment of child risk until 2 years from commencement or age 6; standard suicide/contestability exclusions.
Citizen Endowment Plus Insurance Plan
Endowment
With-profit endowment plan combining savings and protection, paying enhanced death benefit (2x natural / 3x accidental) and sum assured plus bonus at maturity.
Sum assured
Rs 5 lakh
Policy term
5–35 yrs
Entry age
18–65 yrs
Maturity age
70 yrs
Annual premium
Rs 21,980/yr
Premium term
Regular (same as policy term) or Single
Bonus
Reversionary/vested bonus declared annually (rate not published)
Loan against policy
Yes
Annual premium: Live official premium calculator (https://citizenlifenepal.com/premium-calculator/), plan id=10. POST: age 30 (DOB 1996-06-22, A.D), Sum Assured Rs 500000, Policy Term 20, Paying Term 20, payMode=Y (Yearly), no riders. Server returned Basic
With-profit endowment plan combining savings and protection, paying enhanced death benefit (2x natural / 3x accidental) and sum assured plus bonus at maturity.
Riders: Accidental Death Benefit (ADB)Permanent Total Disability (PTD)Premium Waiver Benefit (PWB)Monthly Income Benefit (MIB)Double Sum Assured (DSA)Funeral Expenses (FE)Critical Illness (CI)
Plan details
Maturity benefit: Sum assured plus accrued bonus payable on survival to maturity.
Surrender: Surrender/paid-up value as admissible after premiums paid for the required minimum period.
Exclusions: Standard life exclusions including suicide within the first policy year/contestability period.
Citizen Group Endowment Plan
Endowment
With-profit group endowment combining life protection and savings for organisations, paying sum assured plus vested bonus at maturity (min NPR 400,000 per member).
Sum assured
Rs 5 lakh
Policy term
5–30 yrs
Entry age
18–65 yrs
Maturity age
70 yrs
Annual premium
Rs 21,980/yr
Premium term
Single, or same as policy term (Annual/Half-yearly/Quarterly)
Bonus
Vested bonus declared annually (rate not published)
Annual premium: Premium is quoted on request — this insurer does not publish a rate online. Use "Get a quote".
With-profit group endowment combining life protection and savings for organisations, paying sum assured plus vested bonus at maturity (min NPR 400,000 per member).
Riders: Accidental Death Benefit (ADB)Permanent Total Disability (PTD)Permanent Partial Disability (PPD)Funeral Expenses (FE)Monthly Income Benefit (MIB)
Plan details
Maturity benefit: Sum assured plus vested bonus on survival to policy end.
Surrender: Surrender value after 3 full years' premiums and 3 anniversaries; paid-up after 2 years. No policy loan.
Exclusions: Standard group life exclusions; no policy loan available.
Foreign Employment Term Life Policy
Foreign Employment
Single-premium term life policy mandatory for Nepali migrant workers, providing death cover for terms up to 6.5 years with premiums ranging NPR 1,486-18,222 by age and term.
Sum assured
Rs 5 lakh
Policy term
1–7 yrs
Entry age
18–64 yrs
Annual premium
Rs 1,486/yr
Premium term
Single
Annual premium: Single-premium term cover for migrant workers; premium NPR 1,486 (1-yr, age 18-35) up to NPR 18,222 (6.5-yr, age 51-64); CI rider +NPR 400.
Single-premium term life policy mandatory for Nepali migrant workers, providing death cover for terms up to 6.5 years with premiums ranging NPR 1,486-18,222 by age and term.
Riders: Critical Illness Rider (+NPR 400)
Plan details
Maturity benefit: Pure term cover; no maturity/survival benefit (death benefit only).
Surrender: No surrender value (pure term).
Exclusions: Pure term exclusions; standard suicide/contestability and policy schedule conditions apply.
Citizen Protection Plan
Micro
Group/micro protection plan issued to microfinance institutions and cooperatives to cover the lives of their members or borrowers.
Sum assured
Rs 5 lakh
Policy term
1 yrs
Annual premium
Rs 28,585/yr
Premium term
Regular (group, renewable)
Annual premium: Premium is quoted on request — this insurer does not publish a rate online. Use "Get a quote".
Group/micro protection plan issued to microfinance institutions and cooperatives to cover the lives of their members or borrowers.
Plan details
Maturity benefit: Group protection cover; no maturity benefit.
Surrender: No surrender value.
Exclusions: Standard group/micro exclusions per master policy.
Citizen Annual Money Back Insurance Plan
Money-back
Money-back plan returning 5% of sum assured every year as a survival benefit, with full sum assured plus bonus on death and balance sum assured plus bonus at maturity.
Sum assured
Rs 5 lakh
Policy term
5–20 yrs
Entry age
18–65 yrs
Maturity age
70 yrs
Annual premium
Rs 41,621/yr
Premium term
Regular (Annual/Semi-Annual/Quarterly) or Single
Bonus
Reversionary/vested bonus declared annually (rate not published)
Loan against policy
Yes
Annual premium: Live official premium calculator, plan id=12. POST: age 30 (DOB 1996-06-22, A.D), SA Rs 500000, Policy Term 20, Paying Term 20, payMode=Y. Server returned Basic Premium Rs. 41621.00 Yearly. Rate/thousand = 41621/500 = 83.24.
Money-back plan returning 5% of sum assured every year as a survival benefit, with full sum assured plus bonus on death and balance sum assured plus bonus at maturity.
Riders: Accidental Death Benefit (ADB)Permanent Total Disability (PTD)Premium Waiver Benefit (PWB)Monthly Income Benefit (MIB)Funeral Expense (FE)Citizen Critical Care (CI)
Plan details
Maturity benefit: Remaining sum assured (after deducting survival benefits paid) plus vested bonus at maturity.
Surrender: Paid-up value and cash surrender value as admissible.
Exclusions: Standard life exclusions including suicide within the contestability period.
Citizen Regular Pay Money Back Insurance Plan
Money-back
Anticipated (money-back) endowment paying staggered survival benefits at 1/3 and 2/3 of term plus a maturity lump sum and bonus, with full sum assured on death.
Sum assured
Rs 5 lakh
Policy term
12–21 yrs
Entry age
18–55 yrs
Maturity age
70 yrs
Annual premium
Rs 41,621/yr
Premium term
Regular (same as policy term, or up to death if earlier)
Bonus
Reversionary bonus declared annually (rate not published)
Loan against policy
Yes
Annual premium: Live official premium calculator, plan id=12. POST: age 30 (DOB 1996-06-22, A.D), SA Rs 500000, Policy Term 20, Paying Term 20, payMode=Y. Server returned Basic Premium Rs. 41621.00 Yearly. Rate/thousand = 41621/500 = 83.24.
Anticipated (money-back) endowment paying staggered survival benefits at 1/3 and 2/3 of term plus a maturity lump sum and bonus, with full sum assured on death.
Riders: Accidental Death Benefit (ADB)Permanent Total Disability (PTD)Premium Waiver Benefit (PWB)Monthly Income Benefit (MIB)Funeral Expense (FE)Critical Illness (CI)
Plan details
Maturity benefit: 45% of sum assured plus reversionary bonus paid at maturity (after periodic survival payouts).
Surrender: Surrender value as admissible; policy loan up to 90% of surrender value.
Exclusions: Standard life exclusions including suicide within the contestability period.
Citizen Group Term Insurance Plan
Term
One-year renewable group term life plan for employer-employee groups under a single master policy, renewable up to age 64.
Annual premium: Premium is quoted on request — this insurer does not publish a rate online. Use "Get a quote".
One-year renewable group term life plan for employer-employee groups under a single master policy, renewable up to age 64.
Riders: Accidental Death Benefit (ADB)Permanent Total Disability (PTD)
Plan details
Maturity benefit: Pure term group cover; no maturity benefit.
Surrender: No surrender value (pure term).
Exclusions: Pure term group exclusions per master policy; standard suicide/war conditions.
Citizen Savings Growth Plan
Unit-linked
Universal/account-value life plan blending protection with savings growth, paying the Account Value at maturity plus a guaranteed 3% loyalty bonus.
Sum assured
Rs 1.2 lakh
Policy term
10–20 yrs
Entry age
18–55 yrs
Maturity age
70 yrs
Annual premium
Rs 12,000/yr
Premium term
Regular or Single
Bonus
Guaranteed loyalty bonus of 3% of Account Value added at maturity
Loan against policy
Yes
Annual premium: Universal life: min regular premium NPR 12,000/yr (min SA NPR 120,000); single premium NPR 30,000 (min SA NPR 37,500).
Universal/account-value life plan blending protection with savings growth, paying the Account Value at maturity plus a guaranteed 3% loyalty bonus.
Riders: Accidental Death Benefit (ADB)Permanent Total Disability (PTD)
Plan details
Maturity benefit: Account Value as on maturity date payable if life assured survives.
Surrender: Surrender value available after 3 full policy years / 3 policy anniversaries.
Exclusions: Coverage limited to Account Value for suicide within 2 years, war, unlicensed aviation and criminal activities.
Citizen Jeevan Sarathi Yojana
Whole Life
Whole-life/retirement plan with limited premium payment, providing lifelong cover to age 90, periodic survival income (20% of SA from age 70) and sum assured plus bonus.
Sum assured
Rs 5 lakh
Policy term
30–72 yrs
Entry age
18–60 yrs
Maturity age
90 yrs
Annual premium
Rs 28,587/yr
Premium term
Limited (5 to 47 years), premiums end by age 65; or Single
Bonus
Reversionary/vested bonus declared annually (rate not published)
Loan against policy
Yes
Annual premium: Live official premium calculator, plan id=6 (long-term protection + maturity/money-back plan). POST: age 30 (DOB 1996-06-22, A.D), SA Rs 500000, Policy Term 20, Paying Term 20, payMode=Y. Server returned Basic Premium Rs. 28587.00 Yearly. R
Whole-life/retirement plan with limited premium payment, providing lifelong cover to age 90, periodic survival income (20% of SA from age 70) and sum assured plus bonus.
Riders: Accidental Death Benefit (ADB)Permanent Total Disability (PTD)Premium Waiver Benefit (PWB)
Plan details
Maturity benefit: Sum assured plus bonus at end of premium term; periodic survival payouts of 20% of sum assured at ages 70/75/80/85/90.
Surrender: Surrender value as admissible; loan up to 90% of surrender value after 3 years.
Exclusions: Standard life exclusions including suicide within the contestability period.
About Citizen Life
Citizen Life Insurance Company Limited received its operating license on 23 August 2017 and commenced operations on 19 October 2017. It is a 70:30 public limited company whose promoters include Kantipur Media Group, Shikhar Insurance, and business houses across aviation, banking, manufacturing, pharmaceuticals, finance, hospitality and real estate, with authorized, issued and paid-up capital each of NPR 5 billion. The company operates from its head office at LS Complex, Thapathali, Kathmandu and serves over 900,000 policyholders through a network of about 135 branches/sub-branches and more than 38,000 agents. It is reinsured by Nepal Reinsurance Co. Ltd. and Himalayan Re, and is ISO 9001:2015 certified.
Deposit and loan rates effective Asar 2083, aggregated from the bank's published disclosures; card figures are indicative. Confirm with the bank before applying.
