IME Life announces new bonus rate
Kathmandu. IME Life Insurance Company for the financial year 2081. The bonus rate of 82 has been announced. The company’s fiscal year 2080. The actuarial report related to financial accounting and valuation of liabilities of the year 81 has been approved by the Nepal Insurance Board and the new bonus rate has been fixed on the insurance policies issued in such a way that the profit of the company will be included.
According to the information published on the company’s website, the company has fixed the bonus rate from a minimum of Rs 22 to a maximum of Rs 80.
Term Limited Term Payment/Term & Child Term{{
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The bonus rate for period of 10 to 14 years, Rs 32 for 10 to 14 years, Rs 40 for 15 to 19 years, Rs 52 for 20 to 24 years, Rs 67 for 25 to 29 years and Rs 70 for 30 years and above. The company has sold 57,387 policies of 15 to 19 years.
Collective periodic
The bonus rate for 10 to 14 years, Rs 40 for 15 to 19 years, Rs 55 for 20 to 24 years, Rs 70 for 25 years to 29 years and Rs 75 for 30 years and above has been set at Rs 75 per thousand. The company has sold 1,832 policies with a period of 15 to 19 years.
Term & Lifetime
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The bonus rate for period of 10 to 14 years, bonus rate of Rs 32 for 10 to 14 years, Rs 45 for 15 to 19 years, Rs 55 for 20 to 24 years, Rs 65 for 25 to 29 years and Rs 80 for 30 or more years. The company has sold 2,447 policies with a period of 15 to 19 years.
Advance Payment & Lifetime (Fantasy Money)
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The bonus rate for 10 to 14 years is Rs 32, Rs 38 for 15 to 19 years, Rs 50 for 20 to 24 years and Rs 63 for 25 to 29 years. The company has sold 267 policies with a period of 15 to 19 years.
Advance Payment Periodic
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The bonus rate for 10 to 14 years has been fixed at Rs 35 per 000, with 20 to 24 years and Rs 63 for 25 to 29 years. The company has sold 2,133 policies with a period of 20 to 24 years.
Child Advance Payment Term (Bal Umang)
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The bonus rate for insurance period of 10 to 14 years, Rs 37 per thousand with 15 to 19 years, Rs 50 for 20 to 24 years and Rs 65 for 25 to 29 years has been set as bonus rate. The company has sold 614 policies with a tenor of 15 to 19 years.
Annual Advance Payment Term Life Insurance (Dhan Sarita and Dhan Sarita Plus)
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The company has fixed a bonus of Rs 22 per thousand for the entire policy period. The company has sold 8,434 insurance policies.
Annual Child Advance Payment Term Life Insurance (Bal Kiran)
The bonus rate for 10 to 14 years, Rs 40 per thousand with 15 to 19 years, Rs 44 for 20 to 24 years and Rs 60 for 25 to 29 years has been set in this policy. The company has sold 1,948 policies of 15 to 19 years.
The bonus rate will be applicable to death claims, full or part-term payment claims, surrender value claims, paid up value claims and current insurance policies until the actuarial valuation of the next year is approved by the Insurance Board.