1. Term Life Insurance
म्यादी जीवन बीमा
Pure risk protection for fixed terms (5–30 yrs). 100% sum assured to nominee on death. Zero maturity payout.
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2. Endowment Life Insurance
सावधिक जीवन बीमा
Combines guaranteed death cover with long-term savings and annual declared reversionary bonuses at maturity.
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3. Anticipated Endowment
अग्रिम भुक्तानी सावधिक
Periodic survival payouts released every 3 to 5 years while keeping full death benefit active throughout the term.
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4. Whole Life Insurance
आजीवन जीवन बीमा
Extended lifetime protection up to age 80, 99, or 100 for generational wealth transfer and estate continuity.
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5. Child Life Insurance
बालबालिका जीवन बीमा
Secures college education milestones. Premium Waiver Benefit (PWB) waives future premiums if earning parent dies.
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6. Foreign Employment Life
वैदेशिक रोजगार म्यादी
Mandatory term insurance for overseas workers covering accidental death, disability, and repatriation.
Baideshik Rojgar Rules →
7. Pension & Retirement Plan
निवृत्तिभरण वा पेन्सन
Converts accumulated savings into guaranteed monthly or annual annuity payouts for lifetime retirement income.
Retirement Annuity Guide →
8. Joint Life Insurance
संयुक्त जीवन बीमा
Single policy covering husband & wife or partners. Sum assured paid on first demise while cover continues for survivor.
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9. Micro Life Insurance
लघु जीवन बीमा
Low-cost coverage (up to Rs 5,00,000) for rural households and daily wage earners with simplified documentation.
Micro Life Details →
Insurance Types: Master Summary Matrix
| S.N. | Insurance Type | Nepali Designation (बीमा प्रकार) | Payout Structure (Death & Maturity) | Ideal For |
|---|---|---|---|---|
| 1 | Term Life Insurance | म्यादी जीवन बीमा | Death: 100% Sum Assured Maturity: Zero |
Primary earners wanting maximum cover at lowest premium |
| 2 | Endowment Life Insurance | सावधिक जीवन बीमा | Death: Sum Assured + Vested Bonus Maturity: Sum Assured + Accumulated Bonus |
Long-term capital accumulation, marriage/home funds |
| 3 | Anticipated Endowment (Money-Back) | अग्रिम भुक्तानी सावधिक | Periodic: Fixed % every 3–5 yrs Death: Full Sum Assured |
Individuals needing periodic liquidity milestones |
| 4 | Whole Life Insurance | आजीवन जीवन बीमा | Death: Sum Assured + Bonuses Maturity: Paid if reaching age 99/100 |
Estate planning & generational wealth transfer |
| 5 | Child Life Insurance | बालबालिका जीवन बीमा | Maturity: At educational milestones Death of Parent: Premiums waived + stipend |
Parents planning higher education & college fees |
| 6 | Foreign Employment Life Insurance | वैदेशिक रोजगार म्यादी | Death/Disability: Fixed legal compensation Maturity: None |
Nepali migrant workers (Shram Swikriti) |
| 7 | Pension / Retirement Insurance | निवृत्तिभरण वा पेन्सन योजना | Vesting: Lifetime monthly/annual annuity Death: Residual corpus to nominee |
Self-employed & private sector workers without state pension |
| 8 | Joint Life Insurance | संयुक्त जीवन बीमा | First Demise: Sum assured paid & cover continues for survivor | Dual-income couples and business partners |
| 9 | Micro Life Insurance | लघु जीवन बीमा | Death/Maturity: Up to Rs 5,00,000 at nominal premium | Daily wage earners & rural households |
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