📋 Term Quote Parameters
Rs. 1,00,00,000 (1 Crore)
10 Years
15 Years
20 Years
25 Years
30 Years
Estimated Pure Term Premium
Estimated Annual Premium
Rs. 15,800 / yr
☕ Equivalent to Rs. 43 / day
Life Cover / Sum Assured:
Rs. 1,00,00,000
Rs. 1,00,00,000
Monthly Equivalent:
Rs. 1,316 / mo
Rs. 1,316 / mo
Section 12 Tax Saved (30% slab):
-Rs. 4,740
-Rs. 4,740
Effective Net Annual Cost:
Rs. 11,060 / yr
Rs. 11,060 / yr
Sample Annual Term Premium Rates in Nepal (20-Year Policy Term, Non-Smoker)
Indicative annual pure term premiums across key entry ages and cover amounts:
| Entry Age | NPR 50 Lakhs (20 Yrs) | NPR 1 Crore (20 Yrs) | NPR 2 Crore (20 Yrs) |
|---|---|---|---|
| Age 25 | NPR 6,200 / yr | NPR 11,500 / yr | NPR 21,800 / yr |
| Age 30 | NPR 8,400 / yr | NPR 15,800 / yr | NPR 29,500 / yr |
| Age 35 | NPR 12,100 / yr | NPR 22,900 / yr | NPR 43,200 / yr |
| Age 40 | NPR 18,600 / yr | NPR 35,400 / yr | NPR 67,800 / yr |
Frequently Asked Questions: Term Insurance in Nepal
Q: Do I receive any money back if I survive the term insurance policy period?
No. Pure term insurance is 100% risk protection without a savings component. That is precisely why it provides massive protection (e.g. Rs 1 Crore) for only Rs 15,000/year. There are also “Term with Return of Premium (TROP)” plans available if you prefer full premium refunds at maturity.
Q: Can I buy term insurance online in Nepal?
Yes, several insurers including MetLife, Citizen Life, Nepal Life, and Sanima Reliance offer digital term application portals with ConnectIPS integration.
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