Naulo Surakshit Jeevan Beema Yojana by Nepal Life Insurance: A Comprehensive Review

15th July 2026, Kathmandu

The Naulo Surakshit Jeevan Beema Yojana is designed as a participating endowment program with profit sharing features.

Naulo Surakshit Jeevan Beema Yojana

It serves as a dual purpose financial tool that supports systematic savings while ensuring a guaranteed safety net for the policyholder. By incorporating annual simple reversionary bonuses that vest once declared, the plan steadily increases its total financial value over the active coverage term.

Core Benefits Payable at Maturity or Demise

The primary objective of this endowment plan is to distribute capital efficiently when the chosen term ends or in the unfortunate event of the policyholder passing away.

Maturity Benefits: If the insured individual successfully completes the entire policy term, they will receive the basic sum assured combined with all reversionary bonuses that have accrued and vested over the years.

Death Benefits: If the insured passes away at any point after the policy begins but before its scheduled maturity date, the program pays the full basic sum assured along with all bonuses accumulated up to the date of death directly to the designated beneficiary.

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Policy Entry Requirements and Eligibility Criteria

The plan has established specific entry and maturity boundaries to make the coverage accessible to a wide range of individuals:

• Age at Entry: 18 years to 70 years
• Maximum Age at Maturity: 75 years
• Policy Term: 5 years to 55 years
• Minimum Sum Assured: 25,000 Nepalese Rupees
• Maximum Sum Assured: Based on the verified source of income of the applicant
• Premium Payment Mode: Monthly, Quarterly, Half-Yearly, and Yearly

Early Surrender and Loan Facilities

The plan addresses unexpected cash needs through built-in liquidity options. If a policyholder faces financial difficulties or needs quick cash, they can access a loan or choose to surrender the policy. This facility becomes available once the policy has been active for three full years and at least three full annual premium payments have been completed.

Optional Rider Benefits

To allow policyholders to customize their insurance plans, several optional rider benefits can be added to the base policy for an additional premium:

• Accidental Death Benefit only, which pays an extra benefit if the insured passes away due to an accident.
• A comprehensive combined rider featuring the Accidental Death Benefit, Accidental Total Permanent Disability, and the Premium Waiver Benefit, which waives future premiums if the policyholder becomes permanently disabled.

Standard Exclusions and Risk Limitations

While the policy offers broad protection, it does have specific risk exclusions. If the insured individual passes away due to any of the excluded causes, the standard sum assured and riders will not be paid. In these cases, the company will only pay the policy’s accumulated surrender value, if any exists.

The standard exclusions include participation in aviation activities other than as a fare-paying passenger on a registered commercial airline. Additionally, claims arising from war, military operations, riots, civil unrest, or active participation in illegal or criminal acts are excluded. Suicide within the first two years of the policy’s commencement is also excluded, as is engaging in highly risky occupations without notifying the insurance company in advance. Any disputes related to the policy will be handled under the guidelines of the Insurance Act, 2049.

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