Dirghayu Bachat Laghu Beema Yojana
by Guardian Micro Life Insurance Nepal
A non-linked, non-participating limited micro endowment insurance plan (single and limited premium options) providing savings and life cover targeted at individuals without formal insurance, especially in the microfinance sector.
What's included
Key highlights
- Min Sum Assured: NPR 10,000
- Policy term: 12 / 16 years
- Guaranteed additions: NPR 40 / NPR 50 per 1,000 p.a.
- Single premium option available
- Accidental riders available
Features
- Survival benefit: 12-year = 110% Sum Assured + accrued guaranteed additions; 16-year = 120% Sum Assured + accrued guaranteed additions
- Guaranteed additions: Single premium NPR 40 per 1,000 p.a.; limited premium NPR 50 per 1,000 p.a.
- Death benefit: Sum assured + accrued guaranteed additions
- Accidental benefit and total & permanent disability riders available
Terms and conditions
- Basic Benefits:
- On survival to the end of policy term, the following benefit will be payable to the life assured:
- For 12-year policy term - 110% of Sum Assured plus Accrued Guaranteed Additions.
- For 16-year policy term - 120% of Sum Assured plus Accrued Guaranteed Additions.
What happens in each case
Each plan pays out differently depending on what happens during the term. These are the situations that matter for this kind of plan.
If the insured passes away during the term
This plan states: Sum Assured + Accrued Guaranteed Additions
If the policy runs to maturity
This plan states: For 12-year: 110% of Sum Assured + Accrued Guaranteed Additions; For 16-year: 120% of Sum Assured + Accrued Guaranteed Additions
If death is caused by an accident
This plan states: Rider sum assured payable (if rider chosen)
Optional riders
Accidental Benefit Rider (ABR)
Medical/treatment expense reimbursement for accidental injury and life cover for accidental death.
Accidental Death Benefit
Rider sum assured payable on death due to accident during policy term.
Accidental Total and Permanent Disability Benefit Rider
Provides lump-sum payouts for specific permanent disabilities (loss of limbs, sight, hearing) as defined in plan.
Loan & liquidity
- Partial withdrawal
- No
Questions about this plan
What kind of plan is Dirghayu Bachat Laghu Beema Yojana?
Dirghayu Bachat Laghu Beema Yojana from Guardian Micro Life Insurance Nepal is an endowment plan that pairs savings with life cover for a single adult, and suits people who want a guaranteed amount on a fixed future date.
Who can buy Dirghayu Bachat Laghu Beema Yojana?
The entry age for Dirghayu Bachat Laghu Beema Yojana is 18 – 55 years.
How long does Dirghayu Bachat Laghu Beema Yojana run?
The policy term for Dirghayu Bachat Laghu Beema Yojana is 12 or 16 years.
How much cover can I take on Dirghayu Bachat Laghu Beema Yojana?
The sum assured available on Dirghayu Bachat Laghu Beema Yojana is Rs 10,000 – Rs 5,00,000.
What is paid if the insured passes away during the term?
Sum Assured + Accrued Guaranteed Additions
What is paid when Dirghayu Bachat Laghu Beema Yojana matures?
For 12-year: 110% of Sum Assured + Accrued Guaranteed Additions; For 16-year: 120% of Sum Assured + Accrued Guaranteed Additions
Which riders can be added to Dirghayu Bachat Laghu Beema Yojana?
Dirghayu Bachat Laghu Beema Yojana can be taken with the following optional riders: Accidental death (ADB), PTD / PWB. Each rider carries its own premium.
Premium
Quote on request