Asian Life - Karja Suraksha (Term)
Term
Sum assured
Rs 10,000
Premium / yr
Rs 1,000
Term
1–15 yrs
Entry age
18–64
About this plan
Asian Life Karja Suraksha (Term) is a short-term credit protection life plan insuring borrowers of banks, finance companies, microfinance and cooperatives. It is non-participating (no bonus) and single-premium. Pays sum assured on death during the term, double sum assured for accidental death, and a funeral expense benefit.
What's included
Key highlights
- Minimum Sum assured: NPR 10,000
- Maximum Sum assured: NPR 2,000,000
- Accidental death: 2x Sum assured
- Funeral benefit: 25% of SA or NPR 30,000
- No surrender value / no loan
Features
- Non-participating (no bonus)
- Single premium
- Protects loans from banks, finance companies, microfinance and cooperatives
- Death benefit: Sum assured
- Accidental death: 2x Sum assured
- No surrender value or loan under the policy
Eligibility & term
- Entry age
- 18 – 64 years
- Policy term
- 1-15 years
- Sum assured
- Rs 10,000 – Rs 20,00,000
- Premium modes
- one-time
Benefits payout
- Death benefit
- Sum Assured
- Maturity benefit
- None
Optional riders
Accidental death (ADB)PTD / PWBCritical illness (CI)
Loan & liquidity
- Policy loan
- Not available
- Paid-up value
- No
- Partial withdrawal
- No
Other plans from Asian Life Insurance
Premium / yr
Rs 1,000