Kathmandu. Citizen Life Insurance Company for the fiscal year 2081. The government has announced a new bonus rate for Rs 82. The company’s fiscal year 2081. The actuarial report related to financial accounting and valuation of liabilities of Fiscal Year 82 has been approved by the Insurance Authority and has been made public in such a way that the bonus rate will be maintained in the insurance accounts. The company has fixed the bonus rate from a minimum of Rs 25 to a maximum of Rs 80.

Advance Payment Term Life Insurance Account

The company has fixed a bonus rate of Rs 44 per thousand for a period of 10 to 14 years. The bonus rate for 15 to 19 years has been fixed at Rs 1,000 per thousand and Rs 555 for 20 to 24 years. The company has sold 1,352 policies of 15 to 19 years.

Annual Advance Payment Term Life Insurance

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The company has fixed a bonus rate of Rs 25 per thousand for a period of 0 to 9 years. Likewise, bonus rate for 10 to 14 years has been set at Rs 27,000 and Rs 27,000 with 15 to 19 years and Rs 20 to 24 years. The company has sold 8,195 policies with a maturity period of 20 to 24 years.

Siegigen Startup Scheme (Term Insurance Account)

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The company has set a bonus rate of Rs 35 per thousand for a period of 0 to 9 years. Likewise, the bonus rate for 10 to 14 years has been set at Rs 41,000, with 20 to 24 years, Rs 65 per thousand with 25 to 29 years and Rs 75 for 30 years and above. The company has sold 48,161 policies of 15 to 19 years.

Term life insurance policy

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The bonus rate for term term of 0 to 9 years is Rs 38, bonus rate of Rs 10 to Rs 14, bonus rate of Rs 45 for 15 to 19 years, Rs 50 for 20 to 24 years, Rs 63 for 25 years to 29 years and bonus rate of Rs 30 and above is Rs 73 per thousand. The company has sold 1,065 policies of 15 to 19 years.

{{TAG_OPEN_strong_33}Citizen Bal Bhavishya Yojana (Term Insurance Account)

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Under the scheme, the company has provided a bonus rate of Rs 40 for 10 to 9 years, Rs 44 for 10 to 14 years, Rs 47 for 15 to 19 years, Rs 52 for 20 to 24 years and Rs 67 for 25 years to 29 years. The company has sold the highest number of 15,145 insurance policies for the period of 15 to 19 years.

Citizen Jeevan Sarathi Yojana (Term & Life Insurance Account)

Under this scheme, the company has provided a bonus of Rs 38 for 10 to 9 years, Rs 39 for 10 to 14 years, Rs 41 for 15 to 19 years, Rs 43 for 20 to 24 years, Rs 65 for 25 years to 29 years and Rs 65 for 30 years and above. The company has sold the highest number of 8,605 insurance policies with a period of 15 to 19 years.

The bonus rate will be applicable to death claims, full or partial term payment claims, surrender value claims, paid up value claims and current insurance policies in the policies issued to the companies and will be applicable until the actuarial valuation of the next year is approved by the Insurance Authority.