Dirghayu Bachat Laghu Beema Yojana
EndowmentRecommended
About this plan
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
Eligibility & term
- Entry age
- 18 – 55 years
- Policy term
- 12 or 16 years
- Sum assured
- Rs 10,000 – Rs 5,00,000
Benefits payout
- Death benefit
- Sum Assured + Accrued Guaranteed Additions
- Maturity benefit
- For 12-year: 110% of Sum Assured + Accrued Guaranteed Additions; For 16-year: 120% of Sum Assured + Accrued Guaranteed Additions
- Accidental benefit
- Rider sum assured payable (if rider chosen)
Optional riders
Accidental death (ADB)PTD / PWBCritical illness (CI)
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
Other plans from Guardian Micro Life Insurance Nepal
Premium
Quote on request