Jeevan Madhur
by LIC Nepal
Term801
Sum assured
Rs 10,000
Premium / yr
Rs 10,000
Term
1 yrs
Entry age
18–69
About this plan
This is a one-year single premium term plan targeted at the micro-insurance segment. It provides financial protection against death or permanent total disability due to accident during the policy term, with additional payout on accidental death and a funeral expense benefit. There is no survival benefit.
What's included
Key highlights
- Term plan targeted at micro-insurance segment
- Covers accidental death and permanent total disability
- Additional 10% of Sum assured for funeral expenses
Features
- Sum assured from NPR 10,000 up to NPR 300,000
- Policy term fixed at 1 year
- Single premium payable at inception
- Death benefit payable to nominee during policy term
- Funeral expenses: 10% of Sum Assured payable on death
- Accidental death: additional Sum Assured payable
- Permanent total disability due to accident: Sum Assured payable
- No survival benefit; no surrender value, no paid-up, no loan
Eligibility & term
- Entry age
- 18 – 69 years
- Policy term
- 1 year
Optional riders
Accidental death (ADB)PTD / PWBCritical illness (CI)
Other plans from LIC Nepal
Premium / yr
Rs 10,000