Citizen Annual Money Back Insurance Plan: Regular Cash Flow and Financial Security for Business and Personal Needs

2nd June 2026, Kathmandu

Citizen Life Insurance Company Limited has developed the Citizen Annual Money Back Insurance Plan as a structured participating life insurance product.

Citizen Annual Money Back

This special profit plan is strategically designed for individuals who require regular liquidity to support their businesses, fund daily life milestones, or manage ongoing debt obligations with financial institutions.

By providing scheduled cash payouts throughout the duration of the policy term, the plan allows individuals to access liquidity without sacrificing their long term life insurance protection. The dual mechanism helps small business owners, investors, and salaried professionals maintain financial flexibility while building a secure safety net for their family members.

Core Financial Features and Eligibility Requirements

The Citizen Annual Money Back Insurance Plan incorporates specific age boundaries and policy structures to accommodate diverse financial planning needs.

The minimum entry age for prospective policyholders under this plan is fixed at 18 years, ensuring that young adults can begin their financial planning early. The maximum entry age is capped at 65 years, providing older individuals with the opportunity to secure their estate.

The maximum maturity age for the policyholder under this contract cannot exceed 70 years. Policy terms are highly flexible, offering a minimum duration of 5 years for short term financial goals up to a maximum duration of 20 years for comprehensive long term planning.

The bank and insurance company determine the maximum sum assured based on the verified income of the client alongside the internal underwriting policy of the company. Policyholders can select from several payment modalities to suit their cash flow cycles, including annual, semi annual, quarterly, or single premium payment methods.

Mechanics of the Survival Benefit Payouts

The plan features a distinctive money back mechanism that provides regular cash inflows based on the selected premium payment structure.

Under the single premium payment policy framework, a survival benefit equal to 5 percent of the total sum assured is paid directly to the policyholder on each policy anniversary from the commencement date.

For all policies operating under regular premium payment structures, the annual 5 percent survival benefit is automatically adjusted and credited against the next renewal premium due date. This automatic adjustment helps reduce the out of pocket premium burden for the policyholder in subsequent years.

At the final maturity of the policy term, the insurance company calculates the total survival benefits already paid or adjusted during the term. This cumulative amount is deducted from the basic sum assured, and the remaining balance, combined with the accumulated vested reversionary bonus, is paid out to the living assured.

Comprehensive Death Benefit Protection

The plan ensures complete financial security for the family members of the policyholder in the event of an untimely demise during the policy term.

If the assured individual passes away before the maturity date of the policy, the insurance company pays the full basic sum assured along with the total accumulated reversionary bonus to the designated nominee.

Crucially, the company does not deduct any of the previously paid or adjusted 5 percent survival benefit installments from the final death benefit payout. This condition protects the financial interests of the beneficiaries, ensuring they receive the complete face value of the policy during a critical time.

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Supplementary Rider Options for Enhanced Protection

Policyholders can customize their core insurance policy by adding several supplementary riders to protect against unforeseen physical and health risks.

Accidental Death Benefit
This rider provides an additional cash payout to the nominee if the policyholder passes away due to an accident during the active coverage period.

Permanent Total Disability
If an accident results in a permanent and total loss of working capacity, this rider triggers a specified benefit to help the policyholder handle loss of income.

Premium Waiver Benefit
In the event that the policyholder suffers from a critical illness or specified disability, this option waives all future renewal premiums while keeping the policy fully active.

Monthly Income Benefit
This rider provides a steady monthly cash allowance to the family members if the primary breadwinner experiences death or severe disability.

Funeral Expense Benefit
A designated sum is paid out rapidly to help cover immediate funeral expenses and associated administrative costs.

Citizen Critical Care
This rider provides a lump sum financial payout upon the diagnosis of specified critical medical conditions, helping the policyholder fund expensive treatments.

Policy Loan and Surrender Values

The plan accumulates monetary value over time, allowing policyholders to access secondary financial facilities as admissible under standard regulations.

Once the policy meets the necessary duration and premium payment requirements, it acquires a valid paid up value and cash surrender value. Policyholders who face immediate cash requirements can apply for a policy loan against their accumulated surrender value.

Loans are subject to prevailing interest rates determined by the company management, providing a quick option to access credit without terminating the policy entirely.

Conclusion

The Citizen Annual Money Back Insurance Plan by Citizen Life Insurance Company Limited serves as a practical financial instrument for individuals balancing liquidity needs with risk protection.

By delivering a reliable 5 percent annual payout alongside accumulated bonuses and extensive rider options, the plan supports corporate and individual financial health in Nepal.

The universal structure protects both the living policyholder through regular cash flows and the designated family nominees through unreduced death benefits, reinforcing overall stability within the national insurance sector.

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