💙 Life Insurance
in Nepal

Term life provides pure death protection — high coverage at low premium, but no maturity value. Endowment plans give both death benefit and maturity value. You receive a lump sum at policy maturity even if you survive. Endowment premiums are higher but build savings over time.

A nominee is the person designated to receive the death benefit if the policyholder dies. You should choose a nominee when buying the policy (usually spouse, children, or parents). The nominee receives the sum assured without going through legal inheritance processes.

A general rule is 10–15 times your annual income. Consider: outstanding loans, family expenses for 5–10 years, children's education costs, and final expenses. HamroBeema's calculator can help you determine the right coverage amount based on your specific situation.

Yes, but most policies allow surrender only after paying premiums for 2–3 years. The surrender value is typically lower than total premiums paid in early years. It's better to take a policy loan against the policy if you need funds urgently rather than surrendering.

Most policies have a 30-day grace period for premium payment. If you miss even the grace period, the policy lapses but can be revived within 2–5 years by paying outstanding premiums with interest and a health declaration. HamroBeema sends renewal reminders to prevent lapses.