Sana Bachat Laghu Jeevan Beema Yojana
Endowment
Sum assured
Rs 10,000
Premium / yr
Rs 500
Term
6–25 yrs
Entry age
18–55
About this plan
A non-linked, non-participating, regular-premium micro endowment assurance plan providing savings and life cover for individuals without formal life insurance, particularly targeted at microfinance sector clients.
What's included
Key highlights
- Affordable micro-targeted savings + insurance
- Flexible short to medium term options
- Accidental riders for extra protection
Features
- Non-linked, non-participating micro endowment plan
- Maturity benefit: Sum Assured payable on survival to term
- Death benefit: Sum Assured payable to nominee on death during term
- Multiple raiders available
Eligibility & term
- Entry age
- 18 – 55 years
- Policy term
- 6 – 25 years
- Sum assured
- Rs 10,000 – Rs 5,00,000
- Premium modes
- Quarterly, Half-yearly, Yearly
Benefits payout
- Death benefit
- Sum Assured payable to nominee on death during policy term
- Maturity benefit
- Sum Assured payable on survival to end of policy term
- Accidental benefit
- Rider Sum Assured payable if death due to accident
Optional riders
Accidental death (ADB)PTD / PWBCritical illness (CI)
Accidental Benefit Rider
Medical/treatment expense reimbursement for injuries due to accident
Accidental Death Benefit
Rider sum assured payable on accidental death during policy term
Accidental Total and Permanent Disability Benefit Rider
Pays specified percentage of Sum Assured for various losses (e.g., loss of both hands/feet 100%, one hand/foot 50%, loss of sight/hearing per schedule)
Loan & liquidity
- Policy loan
- Not available
- Partial withdrawal
- No
Other plans from Guardian Micro Life Insurance Nepal
Premium / yr
Rs 500