Dashain, the biggest festival of Nepalis, is just around the corner. The festival is known as a time of blessings, family gatherings, and harmony. During this occasion, people receive tika and jamara from their elders, along with money as dakshina.
Usually, the money received as dakshina is spent quickly on small or unnecessary things. But experts suggest that if this money is saved, it could be used for something more meaningful—like buying a life insurance policy. Saving small amounts from dakshina can provide financial security in the future.
In recent years, a new trend has also started where people give life insurance policies as gifts on special occasions. Families and friends are offering them during birthdays, weddings, religious ceremonies, and festivals like Dashain. This is seen as a more practical and long-lasting gift.
On the day of Vijaya Dashami, after receiving tika, it is common for parents and relatives to give dakshina according to their capacity. Many also believe that keeping this money at home brings prosperity. While some save it, others are now using it for insurance or deposits in banks and financial institutions.
Insurance experts say that using dakshina for life insurance brings double benefits. It not only helps in saving but also covers risks such as accidents, critical illness, or death. Other benefits include tax discounts, loan facilities, financial security, and encouragement for future planning.
For example, if someone collects around Rs 40,000 to Rs 50,000 as dakshina, it can cover the first annual premium for a life insurance policy worth Rs 5 lakh. In the following years, the dakshina received during Dashain can continue paying the premiums. This makes it easier for many families to afford insurance.
Currently, there are 14 life insurance companies in Nepal. Anyone can choose a company based on their bonus rates and plans. People between the ages of 5 and 54 can buy life insurance. Policies can be purchased directly from companies, through agents, or even by checking the details on company websites.
Experts recommend carefully understanding the policy before making a decision. Choosing the right plan ensures that your dakshina money is not just spent but invested in protecting your future and your family.
