Saral Amrit (Term Insurance)
by National Life Insurance Company Limited
This is pure cover: it pays your family if something happens during the term, and there is no amount paid back at the end. Saral Amrit is a pure term life insurance plan providing death benefit (sum assured) to beneficiaries. There is no maturity benefit.
What's included
Key highlights
- Entry age 18–65 years
- Starting annual premium from NPR 2,000
Features
- Death benefit equals sum assured
- High cover at relatively low annual premium
- Multiple premium payment modes (monthly/quarterly/half-yearly/yearly)
- Optional riders available for additional protection
Terms and conditions
- Maturity Benefit:
- · 3 Year Policy Term: Paid Premium will be refunded
- · 5 Year Policy Term: Paid Premium plus 5% Interest of premium on maturity
- · 10 Year Policy Term: Paid Premium plus 25% Interest of premium on maturity
- · 15 Year Policy Term: Paid Premium plus 50% Interest of Premium on maturity
- Death Benefit:
- · In case of Normal death : Sum Assured
- · In case of accidental death : Sum Assured Plus ADB Coverage
- Additional Benefits:
- · Tax Benefit
- · Surrender after 1 year
- · Loan facility
- · Ownership can be handed over to any Bank or Financial institution
National Life Insurance Company Limited’s page for this plan
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
Accidental Death Benefit
Accidental death receives Sum Assured plus ADB Coverage.
Loan & liquidity
- Policy loan
- Available
- Surrender allowed
- After 1 years
Questions about this plan
What kind of plan is Saral Amrit (Term Insurance)?
Saral Amrit (Term Insurance) from National Life Insurance Company Limited 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 Saral Amrit (Term Insurance)?
The entry age for Saral Amrit (Term Insurance) is 18 – 65 years.
How long does Saral Amrit (Term Insurance) run?
The policy term for Saral Amrit (Term Insurance) is 3,5,10,15.
How much cover can I take on Saral Amrit (Term Insurance)?
The sum assured available on Saral Amrit (Term Insurance) is Rs 25,000 – Rs 5,00,000.
Which riders can be added to Saral Amrit (Term Insurance)?
Saral Amrit (Term Insurance) can be taken with the following optional riders: Accidental death (ADB). Each rider carries its own premium.
Premium
Quote on request