This is pure cover: it pays your family if something happens during the term, and there is no amount paid back at the end. A low-premium term assurance plan. Policy loans and surrender value are not available. Minimum Sum Assured is NPR 100,000 and maximum Sum Assured is NPR 2,500,000.
What's included
Key highlights
- Low-premium term plan
- Premiums refunded at maturity
- No policy loan / surrender value
Features
- Pre-decided Sum Assured payable during policy protection term
- If death within 10 years after maturity, 50% of SA payable
- Premiums paid (excluding extra premium) refunded at maturity if survival
- No policy loan or surrender value
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
The nominee receives the full sum assured. There is no savings element, so nothing else accrues.
Typical for term plans — confirm the exact terms in the brochure.
If the policy runs to maturity
The premiums paid over the term are returned to you at maturity. There is no bonus on top.
Typical for term plans — confirm the exact terms in the brochure.
If death is caused by an accident
With the accidental death rider, an additional amount is paid on top of the sum assured. The rider is optional and carries its own premium.
Typical for term plans — confirm the exact terms in the brochure.
Optional riders
Accident Benefit
Accident benefit is available to the policyholder.
Loan & liquidity
- Policy loan
- Not available
Questions about this plan
What kind of plan is Bima Kiran Plan?
Bima Kiran Plan from LIC Nepal is a term plan that is pure life cover for a fixed period, with no savings element, and suits people protecting family income or a loan.
Who can buy Bima Kiran Plan?
The entry age for Bima Kiran Plan is 18 – 55 years.
How long does Bima Kiran Plan run?
The policy term for Bima Kiran Plan is 10 – 30 years.
How much cover can I take on Bima Kiran Plan?
The sum assured available on Bima Kiran Plan is From Rs 1,00,000.
Which riders can be added to Bima Kiran Plan?
Bima Kiran Plan can be taken with the following optional riders: Accidental death (ADB). Each rider carries its own premium.
Premium
Quote on request