Eight Life Insurance Companies in Nepal Announce Bonus Rates for FY 2080/81

Out of 14 life insurance companies in Nepal, eight have publicly announced their bonus rates for various insurance policies for the fiscal year 2080/81 (2023/24). Nepal Life, Suryajyoti Life, Citizen Life, IME Life, Sanima Reliance Life, MetLife, LIC Nepal, and Reliable Nepal Life have released their new bonus rates, which will remain effective until the next year’s valuation is approved.

Nepal Life Insurance Company has declared a bonus ranging from a minimum of Rs. 60 to a maximum of Rs. 82 per thousand insured amount for its endowment life insurance plans. Suryajyoti Life Insurance has set bonus rates between Rs. 40 and Rs. 75 for endowment plans and Rs. 42 to Rs. 60 for advance payment plans. Citizen Life Insurance has announced bonuses ranging from Rs. 44 to Rs. 75 based on policy tenure, and Rs. 40 to Rs. 67 for its child future plans.

IME Life Insurance has disclosed bonus rates ranging from Rs. 30 to Rs. 80, Sanima Reliance Life from Rs. 19 to Rs. 70, MetLife from Rs. 45 to Rs. 75, Reliable Nepal Life from Rs. 25 to Rs. 75, and LIC Nepal from Rs. 51 to Rs. 65. The companies have established varying bonus rates across their different insurance schemes.