Micro Plan
Entry Age
18 yrs
Min Sum Assured
NPR 10,000
Max Maturity Age
75 yrs
Premium
रु. 0 रु./वर्ष
NPR/yr
Coverage
रु. 10,000 रु.
500,000
Description
This is a Non-Linked, Non-Participating, Regular and Single Premium individual micro endowment life plan providing savings and insurance cover. Designed for individuals without formal insurance coverage, especially in the microfinance sector.
Features
- Minimum sum assured: NPR 10,000
- Maximum sum assured: NPR 500,000
- Policy term: 8 to 25 years
- Maturity benefit: Sum Assured + guaranteed bonuses
- Death benefit: Sum Assured + guaranteed bonuses
- Loan & surrender: Available after 3 years
Highlights
- Micro-targeted endowment plan
- Guaranteed bonuses payable
- Loan available after 3 years (up to 90%)
- Low minimum sum assured: NPR 10,000
Life Insurance Details
Eligibility
Age18 - 65 years
Policy Term8 - 25 years