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
