Asian Life Insurance
Life Insurance

Myaadi Micro Life Insurance Plan

by Asian Life Insurance

Micro

Entry Age

18-64

Sum Assured

NPR 10,000 - 300,000

Payment Term

1-15 years (single premium)

Coverage

रु. 10,000 रु.

NPR

Claim Settlement Rate (Asian Life Insurance)

0.01%

Source: 2081/82

Description

A micro/fixed-term life insurance plan available on single premium basis. Sum assured ranges from NPR 10,000 to NPR 300,000. Pays death benefit, funeral expense and specified accidental permanent disability benefits.

Features
  • Minimum entry age 18 years
  • Maximum entry age 64 years
  • Maximum maturity age 65 years
  • Single premium payment
  • Premium payment term: min 1 year, max 15 years
  • Minimum sum assured NPR 10,000
  • Maximum sum assured NPR 300,000
  • Funeral expense benefit NPR 10,000
  • Accidental permanent total disability benefit up to NPR 100,000
  • Preset partial disability payouts for loss of limbs/eyes/toes/fingers
Highlights
  • Entry age: 18–64 years
  • Sum assured: NPR 10,000 – NPR 300,000
  • Payment: Single premium
  • Funeral expense: NPR 10,000
  • Max accidental/permanent disability payout: NPR 100,000
Life Insurance Details
Eligibility
Age18 - 64 years
Policy TermPremium payment term: min 1 year, max 15 years; Maximum maturity age: 65 years