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Life insurance — compare policies

We found 210 products

Endowment, term, whole-life, child & pension plans from Nepal's 14 life insurers. The Nepal Insurance Authority (NIA) licenses 14 life and 14 non-life insurers. Compare their policies by premium, sum assured/insured, policy term, entry age and claim-settlement ratio — the key trust metric when choosing cover.

Life Insurance Non-Life Insurance

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Protection plans

Plan typePlans

Term29See more

Endowment68See more

Whole Life24See more

Savings & family

Plan typePlans

Money-back39See more

Child22See more

Pension7See more

More plans

Plan typePlans

Unit-linked1See more

Foreign Employment7See more

Micro13See more

SortCompanyMin claim ratioMax premiumEligible at ageLoan against policy

22 matching

Citizen LifeCitizen Child Future Plan PlusChildLowest premiumCompare

Annual premium

Rs 21,980/yr

Claim ratio

93.9%

Sum assured

Rs 5 lakh

Policy term

5–25 yr

Entry age

0–17

Features

Bonus: Vested bonus declared annually (rate not published)

Child (life assured) entry age 0-17; proposer/parent 21-60
Sum assured plus vested bonus at maturity for child's future
Risk on child commences after deferment period (2 years / age 6)
Death before risk commencement refunds base premium

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.

Plan details

Child (life assured) entry age 0-17; proposer/parent 21-60
Sum assured plus vested bonus at maturity for child's future
Risk on child commences after deferment period (2 years / age 6)
Death before risk commencement refunds base premium
After risk commencement pays 25% of sum assured plus vested bonus (or premium if higher)

Reliable LifeReliable Higher Education PlanChildCompare

Annual premium

Rs 22,990/yr

Claim ratio

97.92%

Sum assured

Rs 5 lakh

Policy term

10–25 yr

Entry age

0–15

Features

Bonus: Rs 60-65 per 1,000 sum assured/yr (FY 2080/81) - highest bonus band among Reliable's plans

Targeted at funding a child's higher education
Highest bonus rate (Rs 60-65 per 1,000) of any Reliable plan
Premium waiver on proposer death/disability
Monthly income benefit to child option

Child education endowment carrying the company's highest bonus rate (Rs 60-65 per 1,000).

Plan details

Targeted at funding a child's higher education
Highest bonus rate (Rs 60-65 per 1,000) of any Reliable plan
Premium waiver on proposer death/disability
Monthly income benefit to child option
Maturity lump sum at education age

SuryaJyotiSuryaJyoti Naulo Baal Jeevan Beema (Child Endowment)ChildCompare

Annual premium

Rs 23,800/yr

Claim ratio

97.5%

Sum assured

Rs 5 lakh

Policy term

10–27 yr

Entry age

0–17

Features

Bonus: Rs 40-75 per 1,000 sum assured/yr (FY2080/81)

Child entry age 0 to 17 years; proposer 18 to 70
Sum assured Rs 50,000 up to Rs 50,00,000
On proposer death: premium waiver plus monthly income of 1% of SA until maturity
On child death during term: 25% of SA plus bonus or total premiums paid (whichever higher)

Child endowment securing a child's future with maturity benefit, premium waiver and income benefit on the proposer's death.

Plan details

Child entry age 0 to 17 years; proposer 18 to 70
Sum assured Rs 50,000 up to Rs 50,00,000
On proposer death: premium waiver plus monthly income of 1% of SA until maturity
On child death during term: 25% of SA plus bonus or total premiums paid (whichever higher)
Maturity payout of sum assured plus bonus to the child

Himalayan LifeHimalayan Anmol Ratna Bal (Sawadhik) Jeevan BeemaChildCompare

Annual premium

Rs 25,720/yr

Claim ratio

98.09%

Sum assured

Rs 5 lakh

Policy term

10–27 yr

Entry age

0–17

Features

Bonus: —

Child entry from newborn to age 17, maturity at child age up to 27
Full premium refund if child dies before risk commencement
On proposer death: premium waiver plus monthly income benefit options
Risk commences 2 years after start or after child reaches age 6

Children's endowment with premium-waiver and income benefit on parent's death, maturity around child's adulthood.

Plan details

Child entry from newborn to age 17, maturity at child age up to 27
Full premium refund if child dies before risk commencement
On proposer death: premium waiver plus monthly income benefit options
Risk commences 2 years after start or after child reaches age 6
Surrender, paid-up and loan facilities available

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National LifeBal Amrit 4 Endowment Policy (Children's Plan)ChildCompare

Annual premium

Rs 24,375/yr

Claim ratio

84.6%

Sum assured

Rs 5 lakh

Policy term

5–20 yr

Entry age

0–15

Features

Bonus: Rs 60 per 1,000 sum assured/yr (FY 2081/82)

Child entry age 1 month to 15 years; proposer 20-50 yrs
On child death: 25% of SA plus accrued bonus or premiums paid
On proposer death: 1% of sum assured per month paid till maturity
Funds child's education/start in life

Children's endowment funding education/start-in-life; pays sum assured plus bonus at maturity, with proposer (parent) death benefit and premium waiver.

Plan details

Child entry age 1 month to 15 years; proposer 20-50 yrs
On child death: 25% of SA plus accrued bonus or premiums paid
On proposer death: 1% of sum assured per month paid till maturity
Funds child's education/start in life
Sum assured plus bonus at maturity

Nepal LifeKetaketi Sunaulo Bhawishya Jeevan Beema YojanaChildCompare

Annual premium

Rs 26,955/yr

Claim ratio

90.54%

Sum assured

Rs 5 lakh

Policy term

5–25 yr

Entry age

0–17

Features

Bonus: Rs 65-82 per 1,000 sum assured/yr (Naulo Ketaketi category, FY 2081/82)

Child future-savings endowment (child entry 1 month to 17 yrs)
Proposer/parent entry 21-65 yrs
Premium waiver continuing cover on proposer's death
Risk commences at 2 yrs or child age 5

Child endowment with proposer (parent) premium-waiver on death; SA + vested bonus to child at maturity.

Plan details

Child future-savings endowment (child entry 1 month to 17 yrs)
Proposer/parent entry 21-65 yrs
Premium waiver continuing cover on proposer's death
Risk commences at 2 yrs or child age 5
Loan up to 90% of SV or 25% of SA + bonus

IME LifeIME Child Endowment Plan (IME Bal Ujjwal)ChildCompare

Annual premium

Rs 26,025/yr

Claim ratio

79.9%

Sum assured

Rs 5 lakh

Policy term

10–25 yr

Entry age

0–17

Features

Bonus: Rs 30-65 per 1,000 sum assured/yr (Bal Umang/child plans, FY 2080/81)

Child entry age 0-17, matures by child age 32
Full Sum Assured plus vested bonus at maturity for child's education/future
On child death during term: 25% SA plus bonus or total premiums, whichever higher
Compulsory premium-waiver so policy continues if proposer dies

A life insurance policy in Nepal is a contract with a licensed life insurer (e.g. Nepal Life, LIC Nepal, National Life, Reliable Life, Citizen Life, MetLife Nepal) where you pay regular premiums and the insurer pays a lump sum (and/or maturity/survival benefit) to your nominee on death or to you on maturity. The main types are endowment (savings + protection, maturity benefit), term (pure protection, low premium, no maturity value), whole-life (lifelong cover), child/education plans (proposer is parent/guardian, child is the insured life) and pension/annuity plans (build a corpus that pays a regular pension). It is regulated by the Nepal Insurance Authority (NIA) under the Insurance Act 2079, and buying involves completing a proposal form plus a KYC form, paying the first premium, and — depending on age and sum assured — undergoing medical underwriting before the policy is issued. Premiums on life policies also qualify for income-tax deduction up to the statutory limit, making endowment and pension plans popular savings vehicles in Nepal.

Plan details

Child entry age 0-17, matures by child age 32
Full Sum Assured plus vested bonus at maturity for child's education/future
On child death during term: 25% SA plus bonus or total premiums, whichever higher
Compulsory premium-waiver so policy continues if proposer dies
Compulsory income benefit on proposer death/disability
Loan facility once surrender value accrues

Asian LifeSunaulo Bal Bhabisya (Child Endowment Plan)ChildCompare

Annual premium

Rs 29,205/yr

Claim ratio

98.85%

Sum assured

Rs 5 lakh

Policy term

5–25 yr

Entry age

0–17

Features

Bonus: Participating (accrued bonus)

Child plan, insured child age 0-17, proposer up to 65
Deferred risk commencement by child age
On proposer death: future premiums waived plus 1% of SA monthly income until child turns 18
Death benefit 25% of SA (or premiums paid) plus bonus

Child endowment; insured child 0-17 yrs, proposer max 65, terms 5-25 yrs, premium waiver plus monthly income on proposer death.

Plan details

Child plan, insured child age 0-17, proposer up to 65
Deferred risk commencement by child age
On proposer death: future premiums waived plus 1% of SA monthly income until child turns 18
Death benefit 25% of SA (or premiums paid) plus bonus
Maturity age 18-25 for child

Sun NepalSunaulo Bal Samriddha Jeevan Beema (Golden Child Endowment)ChildCompare

Annual premium

Rs 29,520/yr

Claim ratio

98.71%

Sum assured

Rs 5 lakh

Policy term

5–25 yr

Entry age

0–17

Features

Bonus: Rs 30-52 per 1,000 sum assured/yr (FY 2080/81, Sunaulo Bal Samriddhi)

Premium waiver on death/permanent disability of proposer
2% of sum assured paid monthly as income on proposer's death/disability
Child death benefit: 25% sum assured plus bonus or premiums paid, whichever higher
Full sum assured plus bonus at maturity for child's education/marriage/career

Child endowment with premium waiver and 2% monthly income on parent's death/disability; builds funds for child's education, marriage and career.

Plan details

Premium waiver on death/permanent disability of proposer
2% of sum assured paid monthly as income on proposer's death/disability
Child death benefit: 25% sum assured plus bonus or premiums paid, whichever higher
Full sum assured plus bonus at maturity for child's education/marriage/career
Child entry 31 days to 17 years, term up to 25 years

Prabhu MahalaxmiJeevan Kiran Beema (Child Endowment Plan)ChildCompare

Annual premium

Rs 30,550/yr

Claim ratio

98.33%

Sum assured

Rs 5 lakh

Policy term

10–30 yr

Entry age

0–16

Features

Bonus: Rs 33-70 per 1,000 sum assured/yr (Child Jeevan Kiran)

Endowment savings plan targeted at a child's future needs
Premium waiver protects the plan if the paying parent dies
Sum assured plus vested bonus at maturity
Bonus band Rs 33-70 per 1,000

Child-focused endowment plan building a savings corpus for a child's future with life cover and bonus.

Plan details

Endowment savings plan targeted at a child's future needs
Premium waiver protects the plan if the paying parent dies
Sum assured plus vested bonus at maturity
Bonus band Rs 33-70 per 1,000
Policy loan available against surrender value

MetLifeMy Child's Education Protection PlanChildCompare

Annual premium

Rs 33,825/yr

Claim ratio

85.23%

Sum assured

Rs 5 lakh

Policy term

10–25 yr

Entry age

21–55

Features

Bonus: Reversionary bonuses (participating); rate declared annually

On owner death (Gold): 100% face amount lump sum + premiums waived + 2% of face amount monthly for remaining term
On owner death (Silver): premiums waived + 2% of face amount monthly for remaining term
Child death benefit 25% of face amount + accrued bonuses
Child coverage from 31 days old up to age 28

Participating child education plan that secures the child's schooling by waiving future premiums and paying a monthly income plus lump sum if the policy owner dies, with reversionary bonuses at maturity.

Plan details

On owner death (Gold): 100% face amount lump sum + premiums waived + 2% of face amount monthly for remaining term
On owner death (Silver): premiums waived + 2% of face amount monthly for remaining term
Child death benefit 25% of face amount + accrued bonuses
Child coverage from 31 days old up to age 28
Participating plan with reversionary bonuses
Premium waiver keeps policy in force after owner's death

Rastriya JeevanChildren's Plan 'Watsalya'ChildCompare

Annual premium

Rs 23,250/yr

Claim ratio

—

Sum assured

Rs 5 lakh

Policy term

16–22 yr

Entry age

0–8

Features

Bonus: Rs 65 per 1,000 sum assured per year (all policy periods)

Child (newborn to 8 years) is the insured life; sum assured Rs 1 lakh to Rs 5 lakh
Pays 20% of sum assured each year for 5 years starting from the anniversary after age 16
Accrued bonus paid as a lump sum at the anniversary after the child turns 22
Higher bonus rate of Rs 65 per 1,000 sum assured for all policy periods

Anticipated-endowment child plan: the child is the insured; from the policy anniversary after age 16, 20% of sum assured is paid each year for 5 years, with accrued bonus paid as a lump sum after age 22.

Plan details

Child (newborn to 8 years) is the insured life; sum assured Rs 1 lakh to Rs 5 lakh
Pays 20% of sum assured each year for 5 years starting from the anniversary after age 16
Accrued bonus paid as a lump sum at the anniversary after the child turns 22
Higher bonus rate of Rs 65 per 1,000 sum assured for all policy periods
Optional Premium Waiver Benefit keeps the plan alive if the proposer dies

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LIC NepalBaal UnnatiChildCompare

Annual premium

On request

Claim ratio

92.69%

Sum assured

Rs 1 lakh–Rs 1 crore

Policy term

8–25 yr

Entry age

0–17

Features

Bonus: Guaranteed Addition Rs 55 per 1,000 SA (8-14 yr term); Rs 60 per 1,000 SA (15-25 yr term)

Guaranteed Addition Rs 55-60 per 1,000 Sum Assured per year
In-built monthly income benefit equal to 1% of Sum Assured
Child entry age 0-17, proposer age 20-50
Protects both child and proposer

Annual premium: Premium is quoted on request — this insurer does not publish a rate online. Use "Get a quote".

Without-profit child endowment plan with guaranteed additions and an in-built monthly income benefit, protecting both child and proposer.

Plan details

Guaranteed Addition Rs 55-60 per 1,000 Sum Assured per year
In-built monthly income benefit equal to 1% of Sum Assured
Child entry age 0-17, proposer age 20-50
Protects both child and proposer
Sum Assured up to Rs 1 crore
Loan up to 90% of surrender value after 3 years

Sanima RelianceMero Mutu (Child) Plan - SingleChildCompare

Annual premium

On request

Claim ratio

80.97%

Sum assured

Rs 50,000

Policy term

10–27 yr

Entry age

0–17

Features

Bonus: Rs 30-75 per 1,000 sum assured/yr (FY 2081/82)

Single premium child plan
Proposer death pays 1% of SA monthly income until child maturity/death
Child death pays 25% of SA plus bonus or premiums paid (higher)
Premiums fixed at inception

Annual premium: Premium is quoted on request — this insurer does not publish a rate online. Use "Get a quote".

Single-premium participating child plan; premiums fixed at inception with proposer income benefit and child maturity benefit.

Plan details

Single premium child plan
Proposer death pays 1% of SA monthly income until child maturity/death
Child death pays 25% of SA plus bonus or premiums paid (higher)
Premiums fixed at inception
Participating with annual bonus

IME LifeIME Child Money Back Plan (IME Bal Umanga)ChildCompare

Annual premium

Rs 27,370/yr

Claim ratio

79.9%

Sum assured

Rs 5 lakh

Policy term

10–25 yr

Entry age

0–17

Features

Bonus: Rs 30-65 per 1,000 sum assured/yr (Bal Umang, FY 2080/81)

Five survival installments each 20% of SA plus bonus
On child death: 25% SA plus vested bonus or total premiums received, whichever higher
Staggered payouts to fund education milestones
Premium waiver and income benefit riders protect against proposer death/disability

Plan details

Five survival installments each 20% of SA plus bonus
On child death: 25% SA plus vested bonus or total premiums received, whichever higher
Staggered payouts to fund education milestones
Premium waiver and income benefit riders protect against proposer death/disability
Optional accidental death and lump-sum riders
Loan facility once surrender value accrues

Rastriya JeevanChildren's Marriage and Education Endowment Life AssuranceChildCompare

Annual premium

Rs 23,585/yr

Claim ratio

—

Sum assured

Rs 5 lakh

Policy term

10–25 yr

Entry age

0–15

Features

Bonus: Rs 60 per 1,000 sum assured per year (FY 2080/81)

Builds a guaranteed maturity fund for a child's education and marriage
Premium Waiver Benefit continues the policy if the proposing parent dies
Annual bonus accrual (Rs 60 per 1,000 SA for FY 2080/81)
Maturity payout timed to the child's higher-education / marriage age

Endowment plan taken by a parent/proposer on a child to build a guaranteed fund for the child's education and marriage, with a premium-waiver safeguard if the proposer dies.

Plan details

Builds a guaranteed maturity fund for a child's education and marriage
Premium Waiver Benefit continues the policy if the proposing parent dies
Annual bonus accrual (Rs 60 per 1,000 SA for FY 2080/81)
Maturity payout timed to the child's higher-education / marriage age
Loan facility against surrender value after 3 years

Reliable LifeReliable Sulav Bal Jeevan Bima PlusChildCompare

Annual premium

On request

Claim ratio

97.92%

Sum assured

Rs 3 lakh–Rs 50 lakh

Policy term

5–54 yr

Entry age

0–15

Features

Bonus: Rs 25 (5-9 yrs), Rs 29 (10-14 yrs), Rs 33 (15-19 yrs), Rs 41 (20+ yrs) per 1,000 sum assured/yr (FY 2080/81)

Designed for child's education, marriage and milestones
Premium waiver on proposer death/disability keeps policy in force
Monthly income benefit to child if proposer dies
Death benefit after 2-yr risk commencement: 25% immediate + 75% plus bonus at term end

Annual premium: Premium is quoted on request — this insurer does not publish a rate online. Use "Get a quote".

With-profits child endowment funding education/marriage, with premium waiver and monthly income benefit if the proposer dies.

Plan details

Designed for child's education, marriage and milestones
Premium waiver on proposer death/disability keeps policy in force
Monthly income benefit to child if proposer dies
Death benefit after 2-yr risk commencement: 25% immediate + 75% plus bonus at term end
Policy loan up to 90% of surrender value

National LifeBal Bhagyodaya (Anticipated Endowment Children's Plan)ChildCompare

Annual premium

Rs 40,965/yr

Claim ratio

84.6%

Sum assured

Rs 5 lakh

Policy term

15 yr

Entry age

17–50

Features

Bonus: Rs 60 per 1,000 sum assured/yr (anticipated endowment, FY 2081/82)

Survival benefit 25% of SA at year 5 and 25% at year 10
Maturity: 50% of SA plus entire bonus
Death benefit: 50% of SA plus entire bonus earned
Fixed 15-year term

Children's money-back endowment with survival payouts at years 5 and 10, and 50% of sum assured plus bonus at maturity.

Plan details

Survival benefit 25% of SA at year 5 and 25% at year 10
Maturity: 50% of SA plus entire bonus
Death benefit: 50% of SA plus entire bonus earned
Fixed 15-year term
Loan facility provided

Sanima RelianceMero Mutu (Child) Plan - RegularChildCompare

Annual premium

On request

Claim ratio

80.97%

Sum assured

Rs 50,000

Policy term

10–27 yr

Entry age

0–17

Features

Bonus: Rs 30-75 per 1,000 sum assured/yr (FY 2081/82)

Child entry from 1 month of age
Proposer death pays 1% of SA monthly income until maturity
Embedded premium waiver on proposer disability
Child death pays 25% of SA plus bonus or premiums paid (higher)

Annual premium: Premium is quoted on request — this insurer does not publish a rate online. Use "Get a quote".

Participating child plan with proposer waiver; provides income on proposer death and sum assured plus bonus at child's maturity.

Plan details

Child entry from 1 month of age
Proposer death pays 1% of SA monthly income until maturity
Embedded premium waiver on proposer disability
Child death pays 25% of SA plus bonus or premiums paid (higher)
Participating with annual bonus

IME LifeIME Child Annual Money Back Plan (IME Bal Kiran)ChildCompare

Annual premium

Rs 35,730/yr

Claim ratio

79.9%

Sum assured

Rs 5 lakh

Policy term

10–25 yr

Entry age

0–17

Features

Bonus: Rs 30-60 per 1,000 sum assured/yr (Bal Kiran, FY 2080/81)

4% of Sum Assured paid annually from policy year 4 until year before maturity
At maturity pays [125% - (U-4)x4%] of SA plus vested bonus
Before risk commencement: all premiums refunded on death
After risk: death benefit greater of 25% SA + bonus or total premiums paid

Plan details

4% of Sum Assured paid annually from policy year 4 until year before maturity
At maturity pays [125% - (U-4)x4%] of SA plus vested bonus
Before risk commencement: all premiums refunded on death
After risk: death benefit greater of 25% SA + bonus or total premiums paid
Compulsory premium waiver and income benefit on proposer death/disability
NIA approved 2025 (code NIA/LI010/2081/082/CP0012)

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Reliable LifeReliable Sarba-Sulav Bal Jeevan BeemaChildCompare

Annual premium

On request

Claim ratio

97.92%

Sum assured

Rs 3 lakh–Rs 50 lakh

Policy term

5–54 yr

Entry age

0–15

Features

Bonus: Rs 25-41 per 1,000 sum assured/yr by term band (FY 2080/81, Sulav Bal family)

Builds corpus for child's education/marriage
Single, limited and regular pay options
Premium Waiver covers all future premiums on proposer death/disability
Monthly Income Benefit 1% of sum assured paid in arrears

Annual premium: Premium is quoted on request — this insurer does not publish a rate online. Use "Get a quote".

With-profits child endowment with structured policy/payment-term combinations and flexible single/limited/regular pay.

Plan details

Builds corpus for child's education/marriage
Single, limited and regular pay options
Premium Waiver covers all future premiums on proposer death/disability
Monthly Income Benefit 1% of sum assured paid in arrears
Structured policy term / payment term combinations

Rastriya JeevanBal Umang Chhori Beema LekhChildCompare

Annual premium

On request

Claim ratio

—

Sum assured

—

Policy term

18 yr

Entry age

0–10

Features

Bonus: Rs 60 per 1,000 sum assured per year (FY 2080/81)

Endowment plan specifically for daughters, promoting girls' education and welfare
Run in collaboration with local governments for underprivileged families
Lump-sum maturity benefit payable at the girl's age 18
Aims to address gender-specific vulnerabilities and education access

Annual premium: Premium is quoted on request — this insurer does not publish a rate online. Use "Get a quote".

Endowment plan for daughters, launched with local governments to support health and education of girls from underprivileged families; pays a lump-sum maturity benefit when the girl reaches age 18.

Plan details

Endowment plan specifically for daughters, promoting girls' education and welfare
Run in collaboration with local governments for underprivileged families
Lump-sum maturity benefit payable at the girl's age 18
Aims to address gender-specific vulnerabilities and education access
Annual bonus accrues over the policy term

Insurance

Premiums shown are illustrative samples (typically age 30, base plan) for comparison; your actual premium depends on age, sum assured, term and riders. Claim-settlement ratio is the latest published figure. Confirm with the insurer before buying.

Compiled from each insurer's published plan brochures and NIA disclosures.