IME Sabal Jeevan Beema Yojana Features and Benefits 2026
26th April 2026, Kathmandu
IME Life Insurance Company Limited addresses the specific need of securing long term financial stability by completing payments early while enjoying coverage for a longer duration with the IME Limited Payment Endowment Plan, also known as the IME Sabal Jeevan Beema Yojana.
IME Sabal Jeevan Beema
This plan is designed for individuals who want the security of a traditional endowment policy but desire the flexibility of a shorter premium paying term. By allowing policyholders to choose how quickly they fund their policy, this scheme offers a tailored path toward wealth accumulation and family protection in 2026.
The Concept of Limited Premium Payment
The hallmark of the IME Sabal Jeevan Beema Yojana is its flexibility regarding the premium paying term. Unlike regular endowment plans where premiums are usually paid throughout the entire policy duration, this plan allows the insured to select a shorter payment window. For instance, a policyholder can choose a twenty year policy term but complete all premium payments within just five years or even through a single lump sum. This feature is particularly beneficial for professionals with high current income who want to secure their future without the burden of long term recurring bills.
Core Features and Eligibility Criteria
IME Life has structured this plan to be accessible and highly customizable based on the financial capacity of the applicant.
Financial Entry Points: The minimum sum assured for this plan is fifty thousand rupees, making it an entry level option for many. For those with higher protection requirements, there is no upper limit on the sum assured, subject to the company’s underwriting evaluation.
Age and Term Limits: The plan is open to individuals between the ages of eighteen and sixty. The policy term can range from a minimum of five years to a maximum of twenty years, with the requirement that the policy must mature by the time the insured reaches seventy years of age.
Payment Modes: To suit different cash flow needs, premiums can be paid on a yearly, half yearly, quarterly, monthly, or single payment basis.
Flexible Premium Paying Structures
The plan offers a specific matrix for premium payments based on the chosen policy term. For a five year policy, you can pay in a single installment or over two to three years. For longer policies of ten, fifteen, or twenty years, you have the option of a single payment or a payment term ranging from two to five years. This “pay early, stay covered” model ensures that your life insurance protection continues even after your active premium payments have concluded.
Primary Benefits for Policyholders
The IME Sabal Jeevan Beema Yojana provides a reliable financial outcome for both planned and unforeseen events.
Maturity Benefit: If the policyholder survives until the maturity date, the bank pays the full sum assured plus all vested bonuses accumulated throughout the policy term. These bonuses are a key driver of growth, reflecting the company performance and adding significant value to the base savings.
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Death Benefit: If the insured passes away during the policy term, the nominee receives the full sum assured along with any accrued bonuses. This ensures that the family remains financially protected regardless of when the tragedy occurs.
Liquidity and Tax Savings: Once the policy acquires a surrender value, usually after a few years of completed payments, policyholders can access a loan facility for urgent needs. Furthermore, the premiums paid are eligible for tax benefits under the prevailing laws of Nepal.
Enhancing Security with Optional Riders
To provide a more holistic safety net, IME Life offers several optional riders that can be attached to the IME Sabal Jeevan Beema Yojana for an additional premium.
Accidental Death Benefit (ADB): Provides an additional sum equal to the rider sum assured if death occurs due to an accident before the age of seventy.
Disability Benefits: The Income Benefit (IB) and Lump Sum Benefit riders offer financial support in case of permanent total disability caused by sickness or accident. The IB provides regular monthly or quarterly payments, acting as an income replacement until the policy matures.
Premium Waiver Benefit (PWB): If the insured becomes permanently disabled, all future premiums for the base policy are waived, ensuring the maturity benefits remain intact for the family.
Health and Crisis Support: The Critical Illness (CI) rider provides a lump sum of up to five million rupees upon diagnosis of any of the twenty one listed critical illnesses. Additionally, the Funeral Expenses rider offers an immediate payout of up to two hundred thousand rupees to help the family manage immediate costs.
Strategic Choice for 2026 Financial Planning
In the current economic climate of 2026, the IME Sabal Jeevan Beema Yojana represents a sophisticated way to manage debt and savings. By choosing a limited payment term, individuals can align their insurance costs with their most productive years, ensuring that their later years are free from financial obligations while remaining fully protected. The plan operates under the modern standards of the Insurance Act 2079, providing a secure and well regulated environment for your long term investments.
Conclusion
The IME Sabal Jeevan Beema Yojana is a premier life insurance product that combines the discipline of an endowment plan with the convenience of limited payments. Its flexible structures, attractive bonus potential, and comprehensive rider options make it a versatile tool for anyone looking to build a secure future in Nepal. Whether you are planning for a major life milestone or seeking a robust safety net for your family, this limited payment endowment plan offers the peace of mind and financial growth required to achieve your goals in 2026.
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