LIC Nepal Baal Unnati Yojana: Secure Your Child Future with Guaranteed Returns

29th September 2026, Kathmandu

Life Insurance Corporation Nepal LIC Nepal offers Baal Unnati Yojana as a non profit child endowment insurance plan.

LIC Nepal Baal Unnati Yojana

Designed to provide financial security for educational milestones and future growth, this policy offers combined protection for both the child and the proposer parent or guardian. With guaranteed additions, monthly income benefits, and flexible premium payment options, the plan helps parents build a reliable educational fund.

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Key Eligibility Criteria and Core Policy Features

• Minimum Sum Assured: 100,000 Nepalese Rupees
• Maximum Sum Assured: 10,000,000 Nepalese Rupees
• Eligible Age Range for Child: 0 to 17 years
• Eligible Age Range for Proposer: 20 to 50 years
• Policy Term Options: 8 to 25 years
• Premium Payment Modes: Single lump sum, annual, semi annual, quarterly, or monthly payments

Guaranteed Additions Structure

Unlike variable profit sharing endowment policies, Baal Unnati Yojana delivers pre defined guaranteed additions calculated per 1,000 Nepalese Rupees of Sum Assured for every year the policy remains in force:

• Policy Terms of 8 to 14 Years: Guaranteed addition of 55 Nepalese Rupees per 1,000 Nepalese Rupees Sum Assured annually
• Policy Terms of 15 to 25 Years: Guaranteed addition of 60 Nepalese Rupees per 1,000 Nepalese Rupees Sum Assured annually

Comprehensive Dual Protection and Financial Support Benefits

• Combined Risk Coverage: Provides financial protection covering both the child and the proposer parent or guardian under a single policy framework.
• In-Built Premium Waiver Benefit: In the event of an unfortunate demise of the proposer during the policy term, all future premium payments are waived entirely while keeping the policy active.
• Monthly Income Benefit: Provides ongoing financial support equal to 1 percent of the basic Sum Assured every month following the loss of the proposer to support the daily living and school expenses of the child.
• Optional Accidental and Disability Rider: Proposers can opt for additional Accidental and Permanent Disability Rider coverage for supplementary financial protection against unexpected physical incapacitation.

Liquidity and Policy Flexibility Facilities

• Policy Surrender Option: Policyholders can choose to surrender the policy after completing 3 full policy years, provided all due premiums have been fully paid.
• Policy Loan Facility: Account holders can access credit by taking a loan against the policy equal to up to 90 percent of the accrued surrender value after 3 full years of paid up policy maintenance.

Building Sustainable Financial Security for Education

LIC Nepal Baal Unnati Yojana enables families across Nepal to create an inflation resistant savings plan for their children. By combining guaranteed yearly additions with complete safety net features like premium waivers and monthly income streams, parents can ensure that their child higher education goals remain fully protected under all circumstances.

For More: LIC Nepal Baal Unnati Yojana